Check out these great value-add blogs for contractors and entrepreneurs.
You should also check out Simplify’s videos on common tax and accounting questions.
Employing a professional bookkeeper can allow business owners to focus on their business, not crunching numbers. Invest in effective bookkeeping and you’ll build a solid foundation for a resilient, forward-moving business.
Accounting problems can have serious consequences for your business and are definitely worth avoiding. Keeping on top of your records and reconciling accounts often are simple ways to avoid accounting complications.
A good accountant will do all they can to help minimize the amount of tax you have to pay, they will pinpoint any opportunities and if your business gets into trouble, they’ll be the one to guide you.
The Internet doesn’t know if you’re in an office on your laptop or at a worksite on your phone. Cloud accounting frees you and your business away from a physical location.
If you don’t like bookkeeping or don’t have the time or knowledge to do it well, a bookkeeper could be a valuable resource and a great investment for your business.
Oilfield workers in BC and Alberta are often given the option of being an employee or contractor. This choice may not impact fieldwork, but it can make a big difference from a tax & responsibility perspective.
The Living out Allowance (LOA), also referred to as subsistence, is common among oilfield contractors in Northern Alberta, but it’s often misunderstood. This article explains what it is and how it can reduce your taxes.