The old onerous ways of bookkeeping and accounting have gone the way of the dodo bird! We’re great at helping shoe box clients but we can do so much better. Cloud accounting means that a lot of the drudgery in accounting has been eliminated. The marriage of cloud-based accounting and open architecture have enabled third …
Author Archives: The Titanium Team
Accountants, accounting, bookkeeping, how-to
Best ways for contractors to track payroll of subcontractors
11
Aug
Aug
So now you’ve got the big job and it’s time to get things done. But…the job is too big for your firm or maybe involves a sub-trade that is not your specialty. It’s time to assemble your dream team of partners to help get the job done. You’ve got sub contractors! What’s the best way …
04
Aug
Aug
We understand some topics may seem more complex than others when talking about our business. Find here the answers to our most frequently asked questions.
How long is it going to take?
Services can be done quickly if all back up documents are submitted and organized and submitted well before your deadlines. It’s human nature …
28
Jul
Jul
You may wonder, how do successful businesses like yours save money for taxes? Your business is off to a great year and you know you’re going to owe some taxes at year-end. Now is the time to consider putting some money away to pay your tax obligations.
Different methods to save for taxes
First thing …
Accountants, accounting, bookkeeping, buying, Comparisons, equipment, leasing
Lease vs. Buy – What’s the best option for my business?
21
Jul
Jul
Considering whether to purchase or lease a new piece of equipment? What’s right for your business? There’s more to consider than the monthly costs alone. You need to look at your expectations, service life and the total cost of ownership to determine the best for your business.
How does a lease work vs. buying
Leasing …
14
Jul
Jul
You know you need help with the financials but can you get by with only one or the other? When is the right time to bring on a bookkeeper vs accountant?
What does a bookkeeper do?
Bookkeepers can be thought of as your tactical support team. On a day-to-day basis they help your business settle …
28
Jun
Jun
You’ve decided you need a bookkeeping service to help keep your books in order and are in the process of deciding what sort of tasks you need them to do. Let’s have a look at what some different tiers of bookkeeping look like…
Annual Bookkeeping Service
If your business has no employees and simple accounts, …
06
Jun
Jun
Whew! Congratulations on a successful year. As a result of your success, you now have a tax bill to pay. You’ve got multiple choices to pay your personal, corporate and HST tax balances and instalments.
And The Winner is ….Bill Payment via Online Banking
Using the tax bill payment function in your Canadian bank account …
17
May
May
Choosing how to pay yourself (payroll vs dividend) is confusing. Is it better to take payroll or a dividend? The answer for your company will depend on your budget, planning, and appetite for administration.
In general, payroll should be used for day-to-day living expenses and dividends should be used to clear excess retained earnings from …
14
Mar
Mar
Your medical practice is doing well. You’ve worked hard to prioritize patient care while still bringing in a profit, and now you have a surplus of cash that you don’t need to cover day to day operations. While this is exciting, deciding exactly what’s best to do with that extra income can feel paralyzing.
To …