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Bottom Line HST Impact on Purchases for Business in BC

Example: Purchase of a computer on or after July 1st 2010     Small Retail Business Medical Practice Current GST Rules New HST Rules Current GST Rules New HST Rules 1,000.00 1,000.00 1,000.00   1,000.00 70.00 PST   70.00 PST   50.00

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What are the steps to register my business in British Columbia Canada?

Step 1: Name Approval Form The first step in incorporation or registration of firms is the approval of the business name. This process combines the name search and approval. The approval of any name is at the discretion of the Registrar

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My favourite feature in Sage Simply Accounting has been around for quite a few upgrades now

    The Daily Business Manager can help you complete routine bookkeeping tasks more efficiently. If you choose to have the DBM open up whenever you start the program, you can complete many transactions right from that window saving a

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End of Year Bookkeeping Checklist:

1.      Reconcile Your Bank Account. 2.      Catch Up On Invoices. 3.      Record Transactions. – Don’t forget about the credit card purchases. Search your pockets for receipts 4.      Categorize Expenses. – Make sure all of your income and expenses have been

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Self-employment and tax obligations “What you might not know”. (via Soma Small Business Solutions)

When making the transition to working for yourself, you will find that you must worry about a lot of tax obligations that weren't your problem when you worked for someone else. New Small Business Owners learn that they're responsible for

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No Debit & Credit Needed to use Simply Accounting Transfer Funds Feature (via Soma Small Business Solutions)

The Transfer Funds feature in Simply Accounting by Sage  quickly records a transfer of funds to or from your credit card, bank, or line of credit accounts without you having to know which one is a debit and which one is

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Provincial and Federal sales tax rates per Canadian province (via Soma Small Business Solutions)

Provincial and Federal sales tax rates per Canadian province Province HST GST PST Total Tax British Columbia 12%     12% Alberta   5%   5% Saskatchewan   5% 5% 10% Manitoba   5% 7% 12% Ontario 13%    

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Small Businesses do not need to hire a Bookkeeper.

A bookkeeping firm or self employed professional bookkeeper can provide either Onsite bookkeeping service or Offsite bookkeeping service. With onsite bookkeeping, a bookkeeper you hire comes to work at your place of business. The obvious advantage is you are only

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Understanding the Balance Sheets (via cONSfIN)

A balance sheet, also known as statements of financial position, is a snapshot of a business's financial condition at a specific moment in time, usually at the close of an accounting period. A balance sheet comprises assets, liabilities, and owners'

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Definition of a High Maintenance Client (via K Grass Business Consulting)

Just read Definition of a High Maintenance Client (via K Grass Business Consulting) very sound advice for all of us that hold on to clients for too long. What is a high maintenance client? Is it someone who makes unreasonable

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