Find The Right Accountant For Your Business

Hiring an accountant for your business is no longer just about finding someone good at number-crunching and getting the maximum returns come tax-filing time. A good one can save you time and help your business grow; a bad one could cost you much needed money. Yet with thousands to choose from, it can be a daunting call to make. So when you have to choose an accountant for taxes, what are the questions every business owner should ask so as to make the most informed choice?

1) Get Referrals

Most of the experts say that the most of the businessmen get 90 per cent of their clients through word of mouth. Word of mouth plays a crucial role when you choose an accountant for your small business.

For more information about Accountants in Edmonton, contact ATS Accounting Inc.

6 Payroll Mistakes You Are Probably Making

The process of payroll can be defined as the distribution and calculation of salary, wages, and taxes for your employees. When you run a business, you are responsible for making timely salary payments to your employees. In Canada, the same is not possible without complying with the requirements of the Canada Revenue Agency (CRA). Also, by managing your payroll without the help of professional payroll services in Edmonton can cause you to make some mistake. The common payroll mistakes you may probably make include the following.

Misclassification of Employees

When you have a business and manage a payroll system, you are entitled to a payroll tax based on the number of employees you are paying wages or salaries. Often business owners make a mistake of classifying their employees as contractors instead of employees. Never make this mistake as the money paid to contractors is not taxable. This will eventually cost you more as you will have to pay the tax along with the penalty for misclassifying an employee as a contractor.

If you want more information about the payroll services in Edmonton, then contact ATS Accounting Inc. today.

Business Owners: How to Pay Yourself

It is good to have your own business. It gives you a sense of independence. It is good to be the boss. But what about your salary? You have put in a good amount of capital investment, and your business has started running. The question on your mind now is how to pay yourself. Accountants Edmonton recommends a few tips to help business owners to pay for themselves.

Get more information at Accountants Edmonton Services.