It’s imperative that small businesses, in order to stay lean, pay close attention to their accounting. From time and project tracking, to improved productivity, to accurate invoicing, all these issues relate to accounting.
In July 1854 The Institute of Accountants in Glasgow petitioned Queen Victoria for a Royal Charter. Modern society would be hopeless without accounting. No large enterprise could survive without it. Just knowing where you stand financially is critical.
As it goes in the words of Elvis Presley, “I don't have any use for bodyguards, but I do have a specific use for two highly trained certified public accountants.”
It turns out that most people don’t find accounting interesting. In fact, it’s usually the part of running a small business that owners hate the most. Despite this, many entrepreneurs begrudgingly toil over their books for hours on end, often coming out with no better understanding of their business than when they started. Does this sound like you? Have you been putting off outsourcing this work? Maybe it’s time to delegate this task to someone who actually enjoys it. Here are 3 reasons to consider hiring a bookkeeper.
On May 2, 2013, the Ontario government unveiled its 2013 Budget. The Budget focused on deficit reduction and initiatives that the Government believes will stimulate economic growth and assist those in need. Proposed changes to the provincial Employer Health Tax (the "EHT") may have a material impact on those that carry on business in Ontario.