The trend of being self-employed has boomed during the pandemic. With millions of cutbacks and some of the highest unemployment rates recorded in centuries, many realized that job security is no longer a thing. This has motivated millions of people across the world to work for themselves rather than someone else. Whether it be […]
CRA Mileage Rate For Self-Employed Canadians – 2022 Guide Read More »
Traveling expenses can account for a considerable portion of your business expenses. The cost of fuel, vehicle maintenance, depreciation, and more can all take away from your profit margins. But what if we told you that you could deduct these expenses against your income tax? Yes, you read that right. What you consider a
Business Use of Personal Vehicle CRA Read More »
The traditional and proxy methods are two ways to file an SR&ED claim. The traditional method is the default method to file SR&ED claims for businesses who qualify for the SR&ED program. An organization can choose the proxy method to file a claim, on their T661 form on Line 160, if they do not want
What is the Difference Between Filing a Claim in the Proxy or Traditional Method? Read More »
The cost of hiring an accounting firm can vary depending on the size of your business and the kind of services you’re looking for. You can choose to hire a firm for simple bookkeeping, which is keeping a record of expenses and profits for compliance purposes, or hire a firm for full-fledged accounting services which
How Much Does An Accountant Cost In Canada? Read More »
SR&ED (or SRED) stands for scientific research and experimental development. It is the Canadian federal government’s scientific research and experimental development tax incentive program for businesses. Financial organizations can get research and development tax credit, or SR&ED credits for conducting scientific research and experimental development in the line of their business activity. Every year SR&ED
SR&ED Program & Benefits for Businesses Read More »
As stereotypically shown in movies and tv shows, being an accountant isn’t just crunching numbers or working with basic financial data. The prevalence of the responsibilities of an accountant is second to none when it comes to the management of a business. Many business owners, no matter how small or big, rely on their accountants
Why should a small business owner consider hiring an online accountant Read More »
The world as we know it has changed drastically in 2020. As the year comes to an end, many businesses have to adapt in many ways in order to survive in these trying times. With COVID-19 still running rampant in many parts of the world, many businesses are faced with an uncertain future. Canada is
Hiring An Online Accountant? Is It Worth It For Your Business Read More »
Accounting and finance are two disciplines that are essential for any business no matter how small or big it may be. Accounting is the “language of business” and in this context “finance” can be viewed as the “literature” behind the language. Finance helps interpret the accounting information provided in the financial reports and statements to
What Is the Purpose of Accounting and Finance in Business? Read More »
Being a small business owner isn’t easy. Most small business owners often find themselves understaffed and underfunded which means that in most cases they have to look at several departments of the business. With so many things going on, keeping track of it all can become quite difficult and when it comes to accounting such
Why Is Accounting Important For Small Business Owners? Read More »
As a small to medium-sized business, it is essential that you are at least familiar with the Generally Accepted Accounting Principles (GAAP) framework. This framework includes both the Accounting Standards for Private Enterprises and the International Financial Reporting Standards (IFRS). As a business owner in Canada, you can choose to either follow the ASPE or
ASPE VS. IRFS – The Right Accounting Standard For Your Business Read More »
Our goal is simple. We want to make top-tier CPA services accessible to startups and small businesses in Atlantic Canada.
50 Eileen Stubbs Ave, Unit 130B
Dartmouth, NS, B3B 0M7
Phone: 1-902-417-1398
Email: info@kindencpa.ca
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