Law firms are businesses, and like all businesses, they need to keep track of their finances. Law firm bookkeeping in Ottawa is the process of recording financial transactions for a business, using specific legal bookkeeping software. Most law firms outsource their bookkeeping to a third-party company. This can be a good option because it frees
Congratulations Mélyssa Brunet, winner of the Gala Espoir 2021 prize for the micro-enterprise category granted by the RGA On September 29, 2021, Mélyssa Brunet, President of TandemBooks Inc. in Rockland was named the winner of the Micro-Enterprise category Gala Espoir 2021award granted by the Regroupement des gens d’affaires de la capital nationale. The RGA supports the success of Francophone businesspeople in the National Capital Region. This
There’s no substitute for accurate bookkeeping when you’re running a business. Whether you need payroll services in Ottawa or assistance in getting your documents ready for tax season, TandemBooks Inc. can help you stay up to date with your financial records and to comply with government deadlines and regulations. Here are some common questions about
Whether you have a small or large business, payroll software can help you automate every step of the payroll process. In Canada, there are several payroll software options to choose from. However, even the “best” payroll software is not a one-size-fits-all solution. That’s why it is so important to hire an experienced bookkeeping service. Professional
Many small-to-medium sized business owners believe that handling their own finances will help them save money. While it’s a good idea to learn and understand the basics of bookkeeping, working with an experienced bookkeeper to manage your finances offers you several benefits. One of the main advantages of hiring a professional to oversee your books
In order to stay relevant in your industry, you must be willing to keep up with all the latest trends and best practices. Bookkeeping and accounting trends are especially important to keep tabs on, as they have a tendency to transform significantly over periods of time. Staying on top of these changes is a smart
If you are a Canadian resident and own a corporation in Canada, you are obligated to prepare a corporate income tax return (T2). When you report your first corporate return, you must declare a year end. One of the benefits of incorporating is that you can choose any date in the calendar year to be
Working for yourself has its benefits, but when it comes to calculating your taxes, you may run into a few challenges. If you are self-employed and need to prepare your income tax return, figuring out how to claim various business-related expenses may not always be as straight-forward as reporting your income if you are a
If you are a Canadian employer who has experienced a decrease in revenue due to the ongoing COVID-19 pandemic, you may be eligible for the Canadian Emergency Wage Subsidy (CEWS). CEWS was designed to help you cover some of your employee wages, retroactive to March 15. The subsidy is also intended to enable you to
Bookkeeping for law firms requires an extra understanding of specific requirements governed by the Law Society, which do not apply to your regular bookkeeping client. When you are not familiar with these requirements, it makes it difficult to ensure proper bookkeeping for a law firm. A few differences in law firm bookkeeping are: The Trust
