Top 5 Reasons Your Bookkeeping Should be Done in the Cloud in 2017
- Written by Intuit
- Hits: 2026
Every new year, I seem to pick a handful of resolutions and, by February, I’ve already forgotten them!
Here’s a resolution that can pay off more than just choosing not to eat the french fries at lunch (I broke that one already): Companies around the world are using the cloud to save and share data, in order to grow their business and ease the burdens of everyday tasks, such as bookkeeping and taxes.
Here are my five reasons why you need to do bookkeeping in the cloud starting this year:
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Here are the new numbers you need to get a jumpstart on your 2017 taxes
- Written by Financial Post
- Hits: 2061
The first of January brings with it not only a new calendar year, but also changes to various income tax and benefit amounts, most of which are indexed to inflation. Earlier this month, the Canada Revenue Agency announced that the inflation rate that will be used to index the 2017 brackets and amounts is 1.4 per cent. This rate was calculated by taking the percentage change in the average monthly Consumer Price Index (CPI) data as reported by Statistics Canada for the 12-month period ended Sept. 30, 2016 relative to the average CPI for the 12-month period ended on Sept. 30, 2015.
Increases to the tax bracket thresholds and various amounts relating to non-refundable credits take effect on Jan. 1, 2017. Increases in amounts for certain benefits, such as the GST/HST credit, however, only take effect on July 1, 2017. This coincides with the beginning of the program year for these benefit payments, which are income-tested and based on your prior year’s net income as reported on your 2016 tax return, which most Canadians will have filed (and the CRA will have assessed) by July 1, 2017.
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QuickBooks® Online New Features and Improvements – November 2016
- Written by Intuit
- Hits: 2123
This month, there are a number of new features and improvements for QuickBooks® Online (QBO), designed to improve your productivity and efficiency. Click here if you want to review the changes in October.
Inventory Reorder Points. Chances are your business handles inventory. Every business owner knows that if you are out of stock when a customer wants to buy, you cannot fulfill the order promptly – and you may lose the sale.
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How tax credits for charitable donations can lift your spirit and your pocketbook
- Written by Financial Post
- Hits: 2116
This weekend, as many of us sit with family and friends exchanging Christmas and Hannukah gifts, it’s also important to keep in mind others that could use our support this holiday season. Fortunately, you still have a full week to make a donation to your favourite cause and reap the tax benefits for the 2016 tax year. And if you’re feeling charitable, why not take full advantage of the myriad potential tax benefits available to you, depending on how you choose to make your gift.
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A Realistic Work Week for a New Entrepreneur
- Written by Intuit
- Hits: 2038
There is that old adage that says that you will only get out of something what you put into it. So, it seems if you want your new business to succeed, then you will put all you have into it. This might mean endless hours of work; being the candle that burns at both ends. From my perspective as an entrepreneur, however, the reality is that even if you want to work 24/7 to get your new business up and running, actually working every waking hour isn’t the best approach.
There’s a balance to strike between the tasks that are the most important and those that take up the most time. With a little planning, finding that balance can take your business to new heights.
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