Blog - British Columbia Accounting and Tax Preparation Services

The Importance of Accounting for Small Businesses

The Importance of Accounting for Small Businesses Accounting is an important part of a business. It provides management with the information needed to allocate resources and plan for the future. Small businesses usually operate on a limited budget, so they need to be proactive in forecasting their financial needs. Financial accounting helps management predict future trends and plan accordingly. Accrual accounting If you own a small business, you may want to consider using accrual accounting as a way to report your income and expenses. This method allows for greater transparency and gives the business owner a clearer picture of its…

BOOKKEEPING SERVICES

Tax Accountant

Business Bookkeeping Services. In British Columbia, we provide the best bookkeeping service available. Cloud Bookkeeping Support with Fixed Rates and No Hidden Fees Affordability, fixed rates, and no hidden fees Continue to comply with the Canada Revenue Agency’s requirements. Get your Books done today. The Advantages Of Using BOOKKEEPING SERVICES If you are running a restaurant, BOOKKEEPING SERVICES can be a huge help to you. Small restaurants often run out and buy ingredients on a daily basis. They also receive a bi-weekly food shipment from a wholesaler. As a result, it can be difficult to keep track of food costs…

CRA AUDITS SERVICES

Tax Accountant

Income Tax Audit & Preparation Services. Income Tax Audit Services in British Columbia are available to you. CRA audit accounting services are provided by Bomcas BC accountants, who will also make certain that your rights under the Income Tax Act are maintained. Call us today once our our Professional will assist you. How CRA Audits Can Affect Your Business The CRA audit process can be stressful and expensive. Even worse, it can lead to penalties. Not only can you be audited, you may also have to pay the GST/HST amount as well. Fortunately, there are several steps you can take…

FARM TAX ACCOUNTANTS

Tax Accountant

Farming & Agriculture Accounting Services. Farming and agricultural accounting services are available in British Colombia. Do you own or operate a farming business? If you claim income from farming activity on your income tax return, the Canada Revenue Agency (CRA) determines that you are a farmer for tax reasons. Call Bomcas BC Accountants Today. What Types of Expenses Are Deductible? Farm tax accountants are able to assist agribusiness owners with a variety of tax-related questions, including what types of expenses are deductible for the current tax year. Many of these questions can be complex, but a farm tax accountant is…