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

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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Should you incorporate your business?

A few years ago Taylor started a little YouTube business start up as a side business and started to post her videos about astrology.  She also had a link from her YouTube channel where she was selling items that was related to the videos. Next thing that she knew, she started to get tons of people following her YouTube channel. This is an area that never gets old. People have been fascinated with fortune telling and cosmic interpretations. She also her social media channel and started to get lots of followers there as well. Her weekend and overnight business took off and she was making wa...

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T2 Tax Return: All the Information You Need to Know

The process of preparing your T2 corporate tax return can be intimidating. The requirements and tax forms for filing a T2 return can be overwhelming, whether you are a newly incorporated company or expanding your current business operations. Employing a CPA (Chartered Professional Accountant) with experience in T2 corporate tax returns is always advised if your company does not have an internal accountant or accounting team. Maintaining compliance with these obligations is crucial as your corporation's tax obligations increase. The T2 tax returns for Canadian corporations are the area of exper...

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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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Self-Employed Tax Returns and Forms

In Canada, a person who runs their own unregistered corporation-free firm is considered self-employed. A self-employed person obtains business income as their own income rather than wages from an employer as employment income. The Canada Revenue Agency (CRA) requires you to file a variety of specialized tax return documents annually if you are a self-employed resident and worker in Canada. It might be challenging to figure out which self-employed tax forms apply to you, particularly in your first year in business. It doesn't have to be difficult to file your taxes as a self-employed person, es...

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How to Communicate with the CRA: A Comprehensive Guide

Whether you're an individual taxpayer or a business owner, understanding how to communicate with the Canada Revenue Agency (CRA) effectively is crucial for managing your finances and ensuring compliance with tax laws. From seeking taxpayer relief to disputing assessments through an objection letter or filing specific forms like the T2062, the process requires a clear understanding and strategic approach. In this comprehensive guide, we'll cover: Engaging with the CRA: Understand the intricacies of effective communication.Submission Process: Learn how to submit documents online with ease.Drafti...

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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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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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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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Little known secret about filing your HST – Quick Vs Regular

When start-ups or corporations register their business with CRA on default they are put on filing their HST based on regular method filing. Which is very straightforward. They can claim their Input Tax Credits (ITC) against HST collected.  There is another method which is the Quick Method of Accounting or Quick Method. This method requires certain conditions, for example accountants can not use this method, also if your sales are over $400K you can not choose this. Most of independent contractors are eligible to file under method and this will add more income to their business. ...

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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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Personal Tax Return Checklist

Downoad Personal Tax Checklist

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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

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    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.
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    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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    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.