Small Business

Cloud Accounting and Bookkeeping: The Way of the Future

By 2020, 78% of small business owners will be using cloud accounting; however, many small business owners are not leaping into the cloud for their accounting and bookkeeping needs. Cloud accounting is quickly becoming a reality of the future and should be embraced by the small business owner. 

Small Business Tax Tip

Your Business Income Tax Deductions

Small Business Tax Tip # 1: Maximize your Capital CostAllowance claim.

Purchase necessary equipment and technology now rather than waiting for the new tax year to start. Although you’ll only be able to claim 50 percent of the normally allowable Capital Cost Allowance on your new assets, you’ll still be increasing your Capital Cost Allowance for this tax year – and setting yourself up for an increased CCA claim in the following tax year.

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