When you're self-employed, managing your finances and staying on top of your tax obligations can be a daunting task. Keeping accurate records and maintaining proper bookkeeping practices are essential to ensure that you meet your tax requirements and maximize your financial efficiency. In this comprehensive guide, we'll walk you through the key aspects of record keeping and bookkeeping for self-employed taxpayers.

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While the Trudeau government is readying a new plan to increase affordable housing, it is a good time to look at what its green energy plans will do to the cost of housing for Canadians.

Are you a small business owner tired of seeing huge chunks of your hard-earned money swallowed up in taxes? If that’s the case, you’ve come to the right place. At ACT Services, we save our clients tens of thousands of dollars annually by offering proactive tax planning, business advisory consulting, and a wide range of professional services.

Finding the right accountant for your business is essential for the success and security of your financial records. Therefore, it is important to take time to find an accountant who is reliable, knowledgeable and has the experience necessary to be a reliable partner in your financial success. However, with so many accountants out there, how do you know who to choose?

If you're an entrepreneur or small business owner in Toronto, you know how challenging it can be to scale your business. However, with the help of an accounting and management consulting firm like ACT Services, the process can be much smoother.

Accounting professionals provide quantitative financial information to businesses to help them make sound business decisions, track expenses and income, and ensure compliance. When your financial records are clean and up-to-date, you can be assured that your business will grow smoothly.

On average, tax and financial costs took away 70% of Canadians’ gross income: 30% income tax, 40% financial costs-mortgage, insurance, bank charges, credit cards etc

Owners of small, family-owned businesses are celebrating new tax rules that came into effect while barbeques were getting fired up. Bill C-208 was passed on June 29, 2021, and promised to facilitate inter-generational transfers for small business owners, including the owners of family farms or fishing properties.

At ACT Services, we are experienced accountants in Arnprior, Pembroke, Toronto, and Ottawa, ON. We specialize in accounting, and tax planning solutions, which help businesses, corporations, and individuals move forward with their finances.

We’ve met many people whose income level fluctuates from year to year. They may find themselves paying more than they expect at tax time. This is because when you have a higher income, your income may be bumped into another tax bracket, causing you to pay higher tax rates at upper-income levels.

Keeping up with tax regulations and accounting should be one of your top priorities as a business owner. With that said, hiring a professional, trained accountancy service can ensure everything runs smoothly, and your financial obligations never fall through the cracks. Their services include financial statements, bookkeeping, HST compilation, payroll, and helping you understand your business’s success in terms of profit and loss so that you can plan ahead for the future.

Thanks for stopping by our blog. If you’re looking for more information about ACT Services, you’ve come to the right place.

I’m Jane Chang, the proud owner of ACT Services.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

We are delighted to announce the launch of our new website!