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Bookkeeping is the simplest part of the process of accounting for companies and refers mainly to keeping records of transactions and documents. This part can be done by the business owner just to maintain the backup documents for future purposes.
GST (Goods and Services Tax)/ PST (Provincial Sales Tax) and HST (Harmonized Sales Tax) refer to the tax that has to be paid on certain goods and services.
According to the government of Canada, all residents of Canada have to file their taxes annually. The filing due dates for individuals end on Apr. 30, if not a holiday. The 2020 Year-End filing is an exception due to COVID-19.
Wages in Canada can be paid in some ways. If you work for a company or a business owner on an hourly or salary basis regardless of payment frequency you’ll receive the pay stubs that show your gross wage, deductions and net pay.
A business evaluation is a process of determining the company or business value. Business evaluation can be used to determine the fair value of a business for a variety of reasons, including sale/ purchase value, goodwill, taxation, and even divorce.
A business plan is a document describing future plan of a business. Business plan usually include products or services which will be provided, how it runs and make money, and its operational model.
Financial planning is a job of describing how a business achieves the strategic goals and objectives. Although, the financials used for the businesses, all individuals need to have a long-term plan for their retirement.
Due-Diligence usually are the reasonable steps taken by a person or firm to make it sure that the business really exists and there’s no uncertainty regarding the business purchase.
A shareholders‘ agreement is an agreement signed between and by all shareholders of a company. It regulates the relationship between the shareholders, managers, directors of the company, share structure and ownership and all shareholders rights.
Knowledge is the power and Maxpro Financials Inc. believes that Financial knowledge is the key to success for all. We help you to know as much as possible and we believe if you know more, you can trust us, assist you in financial services.
In order to increase the financial knowledge and to meet our responsibility helping individuals, business owners and investors, training seminars prepared and will be customized according to the needs and will be in line of our services.
As for all business owners, need to do the annual filing (renewal the registration), this service is being done as well as business registration. Here’s what you need to prepare before registering a business.
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