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Starting a business can be difficult enough, let alone working to find ways to grow your business and seeing that it succeeds at every turn. There are many obstacles to trip you up along the way, and each of them comes with its own set of challenges. One of those obstacles that likely will need your attention is accounting for your small business.  Utilizing accounting services is one way that you can help your business grow and thrive. Many small business owners when starting out attempt to take on their own accounting and find themselves with their head under water at some point, workin...

We know, you probably aren’t up to speed on all of the business tax credits available. As an entrepreneur, your job is to stay on top of your day to day operations. At Numetrica, our job is to know every tax credit that can benefit your business and save you money. Today, we are writing this blog to let you know there is a specific tax credit out there most companies don’t know about, including you! It’s easy to claim and you just might be eligible. So, what is this special tax credit? We are talking about the SR&ED Tax Credit. In Canada, this is a Scientific Research and Development ...

CORPORATE TAX PREPARATION SERVICES  We know that nobody enjoys handling year-end financial statements or for that matter, anything tax-related. Tax-filing dates stare at you on your calendar, and you know you are going to have to do something about it sooner than later. Fortunately, the superheroes at Numetrica are here to help make this a painless process for you and your business. Our tax pros have this down to a science and are ready to take on your account. Today, we are going to take a look at what your year-end financial statements for your corporate tax return should look like. Wha...

When connecting your bank to Receipt Bank (RB), RB will “Fetch” the bank statements.  What it means is that it will grab the Bank Statements in PDF format. This will save you time, since as business owner you have to either log in to your bank and save them in Dropbox so we can perform the bank reconciliation. Or you’ll have to have to wait for the mail to come and either save the bank statements in Dropbox or physically getting them to us. So the bank Fetch makes it automatic and systematic as bank statements become available. We will show you a step by step process to make this automati...

In a nutshell, cloud accounting provides time, delivers supports, focus business resulting in more sales. Cloud accounting provides time needed to better focus on business. Cloud accounting can provide the edge or the time that you need to focus on your business and blasts your sales. If you are looking for the most effective way to process your business financial transactions, you ought to be using cloud accounting system. The cloud is basically a term for using online/internet tools. I think cloud accounting is one of the best practical tools for processing and storing data. Information...

Cloud accounting and business apps empower businesses and put more control and insights in their hands QuickBooks Online (QBO) This app will empower you to run your business even better, save time, your money, and your business. According to Intuit, Over 98% of customers agree that QuickBooks helps them run their business more easily. Benefits 1.   Instant backup 2.   Access to data from anywhere any time 3.   Instant score card and reports 4.   Collaborate with partners 5.   Improve cashflow 6.   Receipt Management 7.  ...

Eleven Tax Deductions Every Startup Should Know About Specially The Initial Investments It is extremely important for start-ups, entrepreneurs and even business pros to keep track of their business expenses. These expenses will reduce your taxes when it comes to file your personal tax returns (t1) or corporate tax returns (T2).  When tax season starts the deductions will help and forms your strategic plans to perform tax planning, maximize tax deductions and minimize tax owing. So here are some categories that already exist. All you must do is take advantage of any or all of the following...

 As a business owner, you’re used to taking on many different roles. When you first start a business, it’s not uncommon to be working all hours of the day and night and doing pretty much everything yourself. As the business grows, you can finally begin to hire employees to help you keep up. It’s every entrepreneur’s dream to have a flourishing business with a busy staff. But do you find yourself still wearing too many different hats? There are some hats a business owner shouldn’t have to put on. Being a CFO is one of them. Are you your own company’s Chief Financial Officer? If you find yo...

Practice these habits and you’ll transform your life and business Visualize the future In short, DREAM! Go wild, pretend this is your birthday, you are super special and you’ll receive your gifts. What would make you happy? What would make you excited? What would make it you super excited? Feel the moment when you’ll get those gifts. What is your face doing? How are you moving your body? How are you breathing? How does it feel in your heart? Stay in that moment and take an inventory of things that you got. Do this as often as you can. Set goals Well you should have some inspiring visions from ...

Consider these factors when you are looking for a tax professional, please get a professional to help you if your taxes are complicated. Preparing your Personal and corporate tax returns accurately is key. 1. Education and training There are different levels of professionals who prepare tax returns. Some are CPAs meaning they are university graduates who have passed the rigorous CPA exams. None designated accountants who have graduated from college or university but have taxation knowledge. Lastly, there are individuals who have some basic training in preparing a tax return or have learnt to u...

Numetrica Has Recruited 3 more Superheroes! Since the born of Captain Number Cruncher. There has been some improvements in the world of numbers. More and more heroes are joining the crusade to bring orders and balance to numbers and businesses. As a result, 3 more superheroes have been recruited. The Payrollist: Expert is the art of Payroll, using either Quickbooks Online or Wagepoint, she can organized a bullet proof payroll system. This means source deductions are always submitted on time. Canada Revenue Agency will receive the funds automatically from Wagepoint. Employees will receive their...

Maximize Your Tax Refund in 2020: Keep Your Receipts Create a Dropbox or Google Drive folder to save all of your receipts – not only does this ensure you have them all come tax time, but you can easily share this with your accountant, too. Receipts for everything from eye glasses, massage therapy, prescription medications, and even grocery receipts if you have a specific dietary requirement (like a gluten allergy) are all important to hold on to. Track Your At-Home Hours If you’re an employee and your employer asks you to do some work from home evenings, weekends, or even during work hours, yo...

What is Cloud Accounting and what it means to your business  Cloud accounting meaning for your business. Cloud accounting software works exactly just like the traditional accounting software, only the cloud accounting software just like QuickBooks online is hosted on remote servers of QBO Transaction data is in “the cloud,” where it is processed and returned to the user. All application functions are performed off-site, not on the user’s desktop. Which enables you to use the platform from any devise as long as you can log in to QBO. In cloud accounting, users access software applications ...