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.