Bookkeeping

Staff meals and social events – What you need to know

By Webmaster|2017-01-02T20:23:16-07:00January 17th, 2014|Bookkeeping, Business Management, Corporate Taxation, Payroll and Taxable Benefits|

Alot of people ask me about whether or not they can write off in full their Christmas parties or other social events thrown for their employees. In short, the answer is yes. In general, all meals and entertainment provided, whether they are for clients, subcontractors, or employees, are 50% deductible. However, there are certain exceptions to this rule. There are about 8 other special situations this could apply but for this posting we will just talk about your employees and [...]

Setting up your company books and recommended accounting software

When it comes to record keeping, bookkeepers have many options that are available to them. Trying to pick the right one is one part of the challenge and assessing the cost versus benefits can become the biggest obstacle. The second challenge is how to set up your system and accounts. For small business, the biggest challenge is finding the time because they are too busy making money to worry about the books. Today, most accounting systems are computerized. This approach [...]

Bookkeeping

January 17, 2014

Staff meals and social events – What you need to know

Staff meals and social events – What you need to know

November 23, 2012