NCS Global, a key player in outsourced services, identified the pressing demand to boost its workflow efficiency to maintain a competitive edge in the industry. NCS Global opted for Xero software, a top-notch solution tailored to enhance accounting and bookkeeping procedures…
Continue readingNavigating Inflation: A Guide for Canadian CPAs
Thank you for your support and enthusiasm for the previous article on what’s new and different in the t1 income tax return. Now we’re back with another hot topic: what new changes have been made to a corporation’s tax return.
Continue readingFive Cyber Security issues that private Businesses should address now
Everybody is striving to stay up with the times in this digital age, and as we go into the new internet era, huge MNCs have their own firewalls and security measures that small and medium-sized business owners cannot afford.
Continue reading5 Ways to Keep Your Team Motivated
Maintaining the smooth and efficient operation of your finance and accounting departments, even during peak seasons, is a common challenge for businesses.
Accounting departments are often lean units in many companies, with members subjected to constant stress and tight deadlines, and meeting deadlines requires team bonding and effective team management.
How To Start Accounting Firm In Ontario?
To start any business, you need a license or registration from an authorized department. Starting and maintaining a business can be difficult. Here we get acquainted with 3 types of company registries, the process of its registration, and how to obtain a license.
Continue readingThe Most Important Person in the Business is….
Have you ever thought about who the most important person in your company is? Who has that sort of power, influence, and responsibility? Is it the CEO, MD, clients, salesperson, customer, or your best employee?
Continue readingThe new challenges faced by Canada’s small businesses
The majority of small businesses are affected by the pandemic, but the road to recovery is a long one. They have now started their business as usual, but they lack the necessary funds to get started. Yes, the federal government of Canada aided businesses from the start of the pandemic, but the programs now have expiration dates. The most pressing question before us is whether small businesses will survive in the next 5-10 years.
Continue readingCloud Accounting
Cloud accounting has its own set of advantages and disadvantages, which vary depending on the user. If you want to operate from anywhere and have access to your data, cloud accounting software is the way to go. As the world becomes more digitized and reliant on technology, the future of cloud accounting is rapidly approaching, with everyone appreciating cloud accounting.
Continue readingAn Engagement letter for accounting firms
An engagement letter is an essential component of all client relationships, particularly for accounting firms that provide professional services to clients. Every business transaction that takes place between clients and firms is critical.
Continue readingAI in Accounting and Financing Industry
Artificial intelligence (AI) has transformed every industry and has had a significant impact on the world. Artificial intelligence does everything from saving time to increasing efficiency to automating business in a single step. The most appealing business model in the nearest future.
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