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

2023 Ottawa Accounting & Bookkeeping Excellence Award Winner by UpCity

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...

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Numetrica Is The Only Corporate Tax Accountant In Ottawa You Need

When it comes to getting your corporate taxes done in Ottawa, there are almost seemingly endless possibilities of accountants out there that claim to offer the best in services. Finding a corporate tax accountant in Ottawa is no easy feat. But finding the right one can save your company time, money, and in the end, means you’re done a better road to success than you were the year before. Are you looking for an accounting firm in Ottawa that understands the corporate tax laws in such a way that you feel comfortable having them hiring them for their tax service? Have you been finding t...

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Important Personal and Corporate Tax Return Deadlines, Payroll, HST/GST

People have called us in Ottawa and asked “file my corporate tax return” never do that. What I mean is never just ask for the corporate taxes to be filed without ensuring that the year-end is complete. In addition, before asking for corporate tax return preparation, ensure that you have had a tax strategy. Ensure that the bank and credit card reconciliation are complete Ensure that your HST reported for the year matches the income in your profit and loss (P&L) statements Ensure that HST balances are reflected correctly in your balance sheet Ensure that if you you want or need to ...

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11 Tax Deductions Every Startup Should Know About Specially The Initial Investments

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...

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Are You Taking Advantage of the SR&ED Tax Credit?

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 ...

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What Your Year-End Corporate Tax Return Entails

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...

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Another HST/GST misunderstanding that causes a huge negative cash flow

A little misunderstanding about HST is causing a lot of cash flow issues for many small businesses. Even worst some tax accountants have also misunderstood this concept and are not warning their clients. When new clients come to us, after we migrate their data to QuickBooks Online and attach and integrate a few superpower apps such a Wagepoint, Receipt Bank, and a few more apps. we analyze their data as well and go through a few checkups. We have noticed and discovered that almost all of them have filed their HST incorrectly and inadvertently put themselves in a cash flow issue. (Updated) ...

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How to Review Financial Statements Effectively and Efficiently

Most CPA firms create financial statements for their clients. This blog post tells you how to review financial statements efficiently and effectively. The best way to review the financial statements is to have something to compare to. Two years of data are great to look at plus a 3rd and 4 column one showing the differences between the years and also one to show the difference in percentages.  This is called comparative financial statements For our clients, we would look at big differences that pops out. Once we identify them, we question them, why big differences exist. Keep in mid, we a...

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Why You should Incorporate Your Real Estate Practice

Real estate agents are now to allowed to create their Personal Real Estate Corporation (PREC) in Ontario  Following reason are why you should take advantage of this long overdue privilege. Tax deferrals: The earning that corporation makes is subject to its own tax rates. These tax rates are less than highest marginal tax rates of let’s say 50%. Normally the highest marginal tax rates kick in at $100,000, this means any income above that threshold would be taxes at 50%. Now let’s assume you made $200,000 as a non-incorporated real estate agent, your tax in excess of the $100,000 is %50,000...

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Everything you need to know about corporate tax returns T2s

Everything you need to know about corporate tax return preparation services When do you need to file your corporate tax return? Corporate tax returns filing deadline with CRA is six months after its fiscal year-end date.  So, if the corporation year-end is on Dec 31, deadline for filing the corporate tax return becomes June 30.  In this case fiscal and calendar year are the same. When do you need to make payments?  Although corporate tax return deadline is 6 months after the year-end, payments if any are due 3 months after year-end. When is the best to choose a corporate tax ret...

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What is the year end?

Year end – What is the year end or year end procedure? As the name suggest, this is a procedure that every business or corporation entity has to do at the end of one business or corporation year. Year end procedure is the reviewing and analyzing of an accounting period. The significant accounting procedure is to close the Revenue and Expenses. And start fresh accounting of revenues and expenditure with the new year. This is also called closing the books. One of the best ways to understand is when we watch a game. Let’s say soccer, after 2 set of 45 minutes, the game is over and based on the go...

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How to Start a Business: Step-by-Step Guide 2022

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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5 deciding features in selecting a professional to prepare your personal and corporate tax returns

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...

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and Bookkeeping in Ottawa

Numetrica Accounting

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

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