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It is a common practice for business owners to come across bookkeeping mistakes during the early stages of their business. Though employees may face difficulties such as limited financial resources or time availability that prevent them from seeking formal education and training in accounting. It is still possible to reduce these risks with common errors that have the potential […]

Bookkeeping also plays a significant role in the process of tax planning and preparation. The process includes the systematic documentation, arrangement, and monitoring of financial transactions and operations within a business. Businesses may successfully manage their cash, make informed decisions, and ensure compliance with Canadian tax requirements by maintaining up-to-date and precise financial records. Bookkeeping […]