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According to the Canadian Revenue Agency, we are all taxpayers. This means that everyone, including businesses, needs to do their part. Other than having to pay taxes, each of us is different in some way. In this case, the point is that everyone needs professional and personal help with their tax problems. Because of this, it can be hard to find an accountant who can meet all of your financial needs when it comes to your tax obligations. Throughout Ontario, there are many offices to choose from.Therefore, when it comes to price, the priciest accounting firms might not always be the best option...

Then sweat over them for several hours entering numbers one by one into an accounting system.  I remember before the creation of cloud accounting, I used to spend hours entering cheques, sometimes it would be up till 7 in the morning entering cheques. God forbid if you transpose a few numbers or have the wrong dates for the cheques. You would then have to search and see where you made a mistake and correct them since your bank reconciliation is not working. Enter the Hubdoc, Hubdoc has the Optical Recognition feature so it will read the expense sheet and retrieve all the accounting data a...

Are you running your own dentistry practice accounting and finding it? Or maybe you’re just finding it hard to keep track of the accounting, budget, expenses, and when all else is said and done taking what little is left as your pay? When it comes to dentistry and dentists who run their own practices in Ottawa, this lack of a ‘profit first system’ is quite common. Being sure that you’re taking care of yourself and your pay first can be backwards thinking to what you’ve been engrained to believe. Especially when it comes to accounting for dentists in Ottawa. We’re taught to think that when ther...

We are excited to announce that the Numetrica team has been recognized as one of the top B2B Accounting & Bookkeeping firms in 2023 in Ottawa by UpCity! For more than a decade, UpCity's mission has been—and continues to be—to help businesses find B2B service providers they can trust. Each year, UpCity analyzes and scores more than 50,000 service providers based on their UpCity Recommendability Rating and acknowledges the top national and local providers with an UpCity Excellence Award. The results are in, and we won! We provide cloud accounting & bookkeeping solutions and integration t...

“We cannot go after thousands of men until learn to win one.” CLAUDE C.HOPKINS Claude C. Hopkins was one of advertising's greatest innovators and pioneers of the 20th century. He worked for various advertisers as a copywriter. In 1907, at the age of 41, he was hired by advertising giant Albert Lasker, owner of Lord & Thomas advertising.  Claude developed keys to successful advertising campaigns, many of which were outlined in his 1923 book, 'Scientific Advertising'. This book is still highly esteemed in the industry with principles that hold their weight 100 years ...

6 Crucial Accounting Tips for Start-Ups As a new business owner, one of the first things you need to consider is your accounting and tax. Many start-ups leave this a little too late in the beginning stages of their business, but this is something you’ll want to get to work on as soon as possible. Keep reading as we share our top tips for new start-ups. As Captain Number Cruncher, we can help you with any of the areas listed below, so don’t feel you are alone when it comes to bookkeeping for your new business. Create a Separate Bank Account No matter how small your business is, the first step t...

You have probably heard, work on your business not in your business. So, what does work on your business mean? In a nutshell, manage your business rather than getting involved in day to Operations. Why should you work on your business? Because you should work on growing your business. Businesses that are not growing, naturally would die off. These are key element of working on your business. Highest and best use of your time and activity: Find out what you are good at and what is its cost. For this exercise, create a framework or a table. Create 4 headings: CompetencyPassionRelevancyCosts Writ...

So many businesses struggle to stay a live. Aa a matter of fact 90% of businesses won’t make it to year 10. 50% won’t even make it 2 year 2. Wouldn’t that be great to learn to be profitable from day 1 of your business?Of course, it would. I’ll teach it to you. So, What Are The 7 strategies to increase profits? 1. Increase the number of transactions 2. Increase the number of your clients 3. Increase your price 4. Increase the frequency of transactions 5. Implement the pareto law 80/20 6. Implement highest and best use strategy   7. Remove 20% from your sales Here are the 7 profit making st...

It’s important to make sure you’re completely prepared before establishing a business, but understand that things will likely not go as to plan. A business must evolve to deal with changing economics, technology, and society. In-depth market research is vital for any business plan to understand your field and your potential customers better, in addition to doing surveys, conducting focus groups, and analyzing SEO and public data. This needs a generous budget. Before you launch your product or service, you must work on building your brand and establishing a following of customers who are eager ...

What you need to know about client list I have a few clients who buy either client lists or book of business or even a business. Their question is if these are expenses. Logically, when people pay for stuff, they assume it is an expense. Money left my pocket. In accounting, these are treated differently. The main question is, did we consume this in one year? The answer would be no. For example, if I buy a client list, it will benefit me and provides me with income for a few years so I can expense the portion that did not yield any income. That would be for clients that I paid for but didn’t co...