My Accounting Department

Latest News/Facts

• More than 80% of Canada's economic health is attributed to small to medium enterprises with fewer than 500 employees.
• Unfortunately, many of these business fail due to a lack of production, lack of marketing, or a lack of sound finance and accounting.
• Out of 20 million business in the US and Canada; 2% have greater than 100 employees, 13% have 21 to 99 employees, and 85% have less than 20 employees.
• For many owners and managers, just the effort of hiring, training and managing a bookkeeper can take up as much as 5 hours per week.
• There is a common misconception that an owner will lose control if they outsource their bookkeeping. In fact, outsourcing will increase your company’s credibility while saving you money.
• Outsourcing helps you save on salary, overhead, management, hiring and training costs.

Helpful Links

Government of Ontario - For Businesses
Federal Government
Government of Canada - Services for Entrepreneurs
Harmonized Sales Tax (HST) and Comprehensive Tax Package
Bank of Canada: Canadian Interest Rates
Bank of Canada: Exchange Rates