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Welcome to Numetrica's Blog — your hub for expert insights on accounting, bookkeeping, finance, and business strategies.

Navigating CEBA Loan Challenges: Insights from Doyle Salewski Inc.

I have known Brian Doyle as a trustee master for a few years however, I have known about the company that he co-founded Doyle and Salewski for a long time. He is an amazing person, he responds to email lightening fast, extremely knowledgeable, straight, just to name a few. He is a great asset in any mastermind group. I’m privileged to know him and now call him a friend. Here is my latest discussion with Brian concerning CEBA Loan.  I tried for this loan to be forgiven but non only the ruling liberals did not listen, the opposition did not support it either. At least the issue was brought ...

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Forget dividends, it’s a trap!

This is what I told John, a client of mine. John is a lawyer and asked me to review his financial statements. While I was reviewing the income statements, I noticed that the total salary for the 12-month period was $45K. I looked in more detail on his corporation QuickBooks Online (QBO) file and notice his salary was at $22K. I looked at John and said, you made less than your receptionist?! His response was Moe, I’m growing the company. I said totally wrong but explain your rational. He said, I don’t take high salary so I keep more money in the corporation and then I can use the money to grow ...

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How to Start a Business: Step-by-Step Guide 2023

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 ...

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What Does a Forensic Accountant Do?

The definition of forensic accounting has a relatively brief but fabled past. In forensic accounting, the financial evaluation of the person or corporation uses accounting, auditing and investigation expertise. Forensic accounting provides the required accounting analysis for court cases. Forensic accountants are qualified to see past statistics to deal with a situation’s business reality. Forensic accounting is also used to clarify the essence of financial offences in court in fraud and embezzlement cases Not everybody can be an accountant, and even less can be a forensic accountant. Such pro...

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How is Business, Really How is The Business?

Maybe it was an idea that struck you out of nowhere, or perhaps your small business’ inspiration was an idea and plan that was years in the making. Whichever it was, your small business is your baby, and running it successfully is something that is of paramount importance to you. With that being said, there are so many aspects to successfully running your small business that it can make even an experienced entrepreneur’s head spin. It is vital that a business owner has an intimate knowledge and relationship of the inner workings of their company, from local and global supply and demand to mark...

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We answer your "how to" questions about the HST.

In Canada, HST can be a complicated topic. Each of these processes—applying for a HST number, charging the appropriate amount, subtracting HST, remitting HST—has its own set of rules that can vary from province to province. You must become well-versed in the nuances of managing your HST number if you have recently launched a new company or are taking over the duties for charging and remitting HST. To assist you in navigating the system, the experts at Numetrica CPA have compiled the most frequently asked "how to" questions on HST. Learn all there is to know about handling your HST duties in Ca...

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Rate of Corporation Tax

When you are in charge of a business, tax time can be especially stressful. It is hard to figure out the corporate tax rate because rules can change every year and the corporate tax rate varies from province to province. This is true even for small businesses with few assets and low revenue. This post goes over the specifics of Canada's corporate tax rate and how the different rates can affect your business. Learn everything you need to know about federal rates, CPCC rates, historical rates, and rates for investments and capital gains. Note that you should always talk to a professional tax acc...

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About the T2 Schedule

It is not as simple as filling out a T2 form and submitting it to the Canada Revenue Agency (CRA) in order to complete the process of reporting your corporation's taxes. In addition to submitting the T2, you will also be required to submit certain "schedules" in order to satisfy the tax responsibilities that are associated with your corporation. The CRA requires you to utilize these T2 schedules so that they can receive supplemental information about the tax return and filings that your corporation has made. A corporation can be required to complete and submit any one of the dozens of differen...

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All the Information You Need to Understand Vacation Accrual

What exactly is meant by "Vacation Accrual"? The concept of vacation accrual, which is also known as leave accrual, refers to a system that enables workers to build up paid time off (PTO) in proportion to the amount of time they spend working for an employer. The system in place ensures that workers receive recognition and compensation for the time and effort they put into their jobs. What is the procedure for accumulating vacation days? The method by which an employee accumulates vacation time is often contingent upon a variety of circumstances, such as the company's policy, the employment re...

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HST Definition: What It Is, How to Use It, and More

Here at Numetrica, inquiries concerning HST in Canada are among the most frequently asked. It might be difficult and scary to understand what HST is, when to register for it as a business, and how to apply for a HST number. In Canada, the HST is only used in a few provinces, and every province has its own set of laws governing credit, collection, and remittances. It's crucial that you abide by the proper HST regulations if you recently started your own business or if you're new to the province. Use Numetrica to find the answers to all of your HST queries! HST Definition: What Is It All About? ...

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Business coaching: Reaching the full potential of your organization

Business coaching: What is it? A qualified coach assists a businessperson in pursuing their career objectives through the process of business coaching. A business coach may work with a client to develop their mentality, develop business strategy, or hone leadership abilities. Everything relies on what the client of the coach hopes to get out of the partnership. Above all, business coaching is about development. What is the role of a business coach? It's possible that working with a coach will feel very much like taking on a business partner or establishing a trustworthy connection. Let's answe...

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A ROE: What is it? Answers to the Questions About Your Employment Record

Employers all around Canada are required to complete ROEs as part of their regular payroll duties. It can occasionally be challenging to traverse the topic of ROEs and comprehend the complexity surrounding them, whether you are an employer or an employee. Problems with ROEs can result in fraud, severe financial fines, or delays in receiving benefits if they are not properly understood. Canada's Record of Employment (ROE) Services To address all of your inquiries concerning employment records in Canada, let's examine ROEs more closely from the perspectives of employers and employees. What Is th...

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In Canada, GST/HST Payment

When it comes to understanding the complex GST/HST payment schedules and obligations, owners of small businesses may find themselves at a disadvantage. When it comes to submitting your GST/HST reports and making payments, it can feel like you are continuously playing catch-up owing to changes in federal regulations, payment methods, new credits, and revised criteria. This can be frustrating for business owners. When your company's sales of goods and services in Canada total more than $30,000 over the course of four consecutive quarters, you are obliged to apply to the Canada Revenue Agency (CR...

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Bookkeeping And Accounting Services Your Business Needs To Have

You have just purchased a new franchise or are taking baby steps with your small business. What is the first thing you need to focus on? If your answer is taking care of the accounts and bookkeeping, then let me tell you, you are on the right path. Bookkeeping is integral to a business; you must consider its importance. No matter how much you try to do the daily bookkeeping yourself, you can't deal with the later-on accounting problems. One small mistake in the accounts will impact your business's overall image.  But you don't have to worry about that because there are many bookkeeping an...

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Personal Income Tax and Tax Refund Right Away in Ottawa

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...

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Are you frustrated with collecting documents and keeping them for 7 years?!

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...

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How To Improve Lawyers Bookkeeping

How To Improve Lawyers Bookkeeping And Never Miss Trust Reconciliation Report When it comes to staying on top of the bookkeeping for your law firm, one of the most essential things that can get messy is your trust account reconciliation reports’ deadlines. While you’re focusing on your caseload and clients, the last thing that you’re probably thinking about each and every day is the state of your firm’s accounting. Trust Reconciliation Trust reconciliation reports need to be filed on time every month. Not filing late will save you the headache. These types of headaches are not the ones that yo...

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Online Payroll Management: A Comprehensive Solution

Payroll handling can be hard for businesses in a number of ways. Some of the duties that come with payroll in Canada are handling employee turnover, time off requests, making sure that deductions and payments are made in line with the law, and running benefit plans. If you don't want to pay for an in-house payroll manager, you can outsource payroll services to take care of all the routine tasks involved in running payroll for your team. Payment processing can help your small or big business save time, money, and stress. You can be sure that the payment for your business is being done correctly...

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Why You Need Proactive Accounting Service For Your Dental Practice in Ottawa

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...

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Seven Superpower Apps That Puts Your Business on Your Finger Tips

Accounting industry has benefited so much from the technology boom. Accounting and running a small business now adays have improved exponentially. It wasn’t long ago that some colleges and university were talking about “general Ledgers” “Books” and so on. Basically, accounting hadn’t changed in a long time. Now, I am pleasantly surprised when I see new apps are emerging that changing accounting and making it so much more efficient and effective to run a business. Business on your fingertips – literally This app will empower you to run your business even better, save time, your money, and your ...

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One-Stop Shop for Accounting
and Bookkeeping in Ottawa

Frequently Asked Questions - FAQs

Does Numetrica offer tax services for small businesses in Ottawa?

Absolutely! Numetrica is your expert small business accountant in Ottawa, dedicated to providing exceptional tax services tailored for the unique needs of small businesses. We are committed to delivering expert tax preparation, accurate filing, and insightful strategic planning. Our tax services are designed to efficiently minimize tax liabilities and enhance deductions, ensuring that your small business not only adheres to the latest tax regulations but also optimizes financial opportunities.

What makes Numetrica different from other accounting firms in Ottawa?

Numetrica stands out as a leader among accounting firms in Ottawa for our personalized approach & comprehensive expertise in accounting & bookkeeping services. We focus on building long-term relationships with our clients, offering customized solutions that evolve with your business.

What accounting services does Numetrica offer in Ottawa?

Numetrica provides a comprehensive range of bookkeeping and accounting services in Ottawa, including financial statement preparation, tax planning, payroll services, and business coaching.

Our Ottawa accounting firm specializes in both personal tax and corporate tax services, providing tailored solutions to meet the specific needs of your business or personal finances. Whether you're a growing business seeking robust corporate tax strategies or an individual in need of personalized tax guidance, Numetrica is equipped to deliver excellence.

How can Numetrica's bookkeeping services benefit my business in Ottawa?

Our bookkeeping services in Ottawa offer meticulous record-keeping and financial analysis, helping you make informed decisions, maintain cash flow, and streamline your financial processes. We use the latest software and practices to ensure your finances are managed efficiently.

How much does bookkeeping cost in Ottawa?

The cost of bookkeeping services in Ottawa can vary widely depending on several factors such as the size of your business, the volume of transactions, the complexity of your financial needs, and the level of expertise required.

Contact us detailed quote based on your specific business needs. Remember, investing in professional bookkeeping can save you time and money in the long run by ensuring accurate financial records and compliance with tax laws.

Numetrica Accounting

Awards / Featured On

CPA - Chartered Professional Accountants
Rotessa
Wagepoint

Reviews

Check what some of our clients are saying about our services.
  • Samantha Biron

    I highly recommend Moe Tabesh. His service is phenomenal, to say the least. His tax knowledge is extensive and he’s been able to save me a substantial amount of money by following his recommendations. In addition, he is warm, kind, understanding, positive, and flexible, which are qualities I find rare in most accountants I’ve worked with. You’re in good hands with Moe, I can’t recommend him enough.

    Samantha Biron

    President and Founder, Find Your Tribe
  • Jeremy Prudhomme

    Moe and everyone at Numetrica have been incredible at helping with my new corporation and corporate and personal tax returns and my other small business. Their accounting skills are out of this world and the technology they use makes everything so simple and fast. The time you will save will be worth every penny. Thanks again Moe for all your help!

    Jeremy Prudhomme

    CEO, Jeeman TV
  • Farshid Dehnavi

    Mr Tabesh (Captain Number Cruncher) and his perfect team are not only professional in their fields, they are extremely passionate about their clients! Numetrica City continues to support us with corporate and personal tax returns, bookkeeping (thank you so much Sherry ) and We are so happy and appreciative for you and your responsible team, Moe!!!
    I really recommend these guys to everybody.

    Farshid Dehnavi

    President and CEO, Ink Plus
  • Keddy Declan

    I did my first Corporate tax return and cloud accounting with Numetrica City and I am very satisfied with the work they did. The team was very responsive and answered all my questions. I 1000% recommend their services.

    Keddy Declan

    CEO , IT Referrals
  • Sibeso Kehinde

    I would highly recommend Numetrica City-Accountants, Tax and Bookkeepers. Exceptional customer service. I am assured that all my company tax services and payroll are taken care of because of the great team that Moe has. I like the fact that I do not have to worry about driving to a physical location for my accounting services, my company's accounting tax preparations are done online due to the excellent cloud service Numetrica City has. Definitely score a10/10. Thank you for all the good work that you guys do. Greatly appreciated!

    Sibeso Kehinde

    OUR PROCESS

    Discovery

    Discovery

    We’d love to hear about your goals and aspirations. After understanding the big picture, we’ll dig into the details of your bookkeeping process so we can assess your needs.
    Proposal

    Proposal

    Once we understand your needs, we’ll send over a proposal that outlines our plan for tackling your challenges and a fixed monthly price for those bookkeeping services.
    Set-up

    Set-up

    Once you accept our proposal, we’ll get your bookkeeping tidied and up to date and begin implementing cloud accounting tools that will ensure proper bookkeeping going forward.
    Get Connected

    Get Connected

    Once the set-up is done, the hard part is over. You’ll be connected to your CPA-level bookkeeper and they will become your main point of contact.
    Reviews

    Reviews

    Once the clean up is done, the hard part is over. You’ll get connected to your bookkeeper and he/she will become your main point of contact. Don’t worry, we only select the best CPA or CPA students.

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    Numetrica

    Trust in the superhero accountants of Numetrica to keep your numbers in order and for expert advice on growing your business. Numetrica specializes in providing clients with in-depth accounting and bookkeeping services in Canada and the United States as well as financial advice to assist you in making the right decisions for your business.