Jan 21, 2020 | Virtual Accountant
If an entrepreneur does not file their T4 or T5 slips properly, or if they have not submitted the correct payroll remittances to Canada revenue agency, a virtual accountant says the may trigger a payroll audit. There are several reasons why an entrepreneur should want...
Jan 21, 2020 | Virtual Accountant
One assumption that entrepreneurs often make according to a virtual accountant is that if an entrepreneur is good at the work that their business does, that makes them good at running their business. But just because an entrepreneur is good at dry welling, or...
Jan 21, 2020 | Virtual Accountant
While many entrepreneurs understand how important it is to withhold the correct source deductions from their employees checks says virtual accountant, as well as submit that payment to CRA, what many business owners may not understand is if they do not withhold the...
Jan 21, 2020 | Virtual Accountant
When entrepreneurs get into business ownership says virtual accountant, they often are great at the work that their business does, but that does not necessarily make them good at running a business. As Michael Gerber, the author of the E myth has said: ìthe fatal...
Jan 21, 2020 | Virtual Accountant
If entrepreneurs are great at the work that their business does, virtual accountant says that it does not necessarily make them good at actually running that business. In fact, half of all Canadian entrepreneurs that open their business will end up failing within five...
Jan 21, 2020 | Virtual Accountant
When entrepreneurs get into running a business for the first time, virtual accountant says they are in a difficult position of learning how to run a business without the benefit of being able to make mistakes. Therefore, they have to avoid filing anything and...
