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Tax Arrears Cleanup and Filing

By now, as a Small Business Owner you are way into your spring cleanup plans from filing and paper work to updating computer system to changing office furniture. But while you are doing that, have you giving some thought to outstanding tax filing of prior years?

This will need cleanup also. Why not put the breaks on and attend to those more critical issues first? Outstanding taxes filing could cause you and your company much headache in the form of interest and penalty.

Managing Debts and Your Bottom Line

j0423062Paying your company debts is just as important as collecting your own accounts receivable, and they need just as much management.

The good thing is, you actually have a surprising amount of control over how and when your company's debts are paid and that provides several advantages.

First, you want to adopt good internal controls for the payment of your bills, so you need to reconcile both:

Purchase orders with the invoices and statements your vendors send, and

Accounts payable
subsidiary ledgers with the general accounts payable ledger.

Tax Filing Mistakes To Avoid

The tax-filing deadline is almost here, but there is still time to save money on your 2018 return. Don't pay the government any more than your fair share.

Here is the list of the top 5 mistakes tax filers make -- which you should avoid

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Williamson Accounting is a firm that provides a high standard of accounting for Small Businesses in the Greater Toronto and Surrounding areas.

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