Bookkeepers offer a services that is vital to every business. While a business owner is able to complete their own bookkeeping, this takes away from time spent building their business. Business owners may not be up to date on rules and regulations and may be missing deductions that they are not aware of. Communication is key in business. Bookkeepers will communicate with CRA and accountants to ensure taxes and audits are filed on time.
Saves Business Owner Time
Bookkeepers will maintain the books of a business while, the business owner concentrates on the organization and daily business. Bookkeepers are able to handle payroll, bill payments and invoicing.
Monitor Business Finances
A bookkeeper will provide the business owner and accountant with financial statements to allow business owner to be informed on how the business is performing and to ensure taxes are filed on time and are accurate.
Tax Rules and Regulations
Bookkeepers are up to date on the rules and regulations for business deductions. Business owners may not have all the information and may be missing out on deductions that could impact their financial status.
CRA Audits
Bookkeepers are able to assist businesses with CRA audits. Represent a Client is a service with CRA that is becoming popular as the business owner can authorize the bookkeeper to communicate with CRA so they don't have to. Bookkeepers can also communicate with business owners with better explanations and sources as to what CRA is requiring.
Bookkeepers enhance businesses by keeping the financials of a business up to date. Providing owners with the financial information they require to file taxes, audits and applications for funding and credit. Bookkeepers assist with payroll, bill payments and invoices to ensure payments are up to date as well as everyone is paid on time.
Is your business bookkeeping up to date? If not, there is a reason to hire a bookkeeper.
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