About Alissa Bryden

Entrepreneur, Accountant and Business Coach.
Thanks for reading! To connect you can email me alissa@vhaccounting.ca or follow me on LinkedIn.

When do non-resident businesses have to file tax returns in Canada?

By | May 14th, 2018|Accounting|

We get a lot of calls from non-resident businesses that sell in Canada and are wondering what their tax considerations are. If you sell products / services in Canada and are over certain thresholds you will be required to charge sales tax (GST/HST which is the federal tax and there are also provincial sales taxes in certain provinces).  If you are looking for more information on sales tax and the thresholds check out this previous post: Canada Sales Tax Sheet. The next question is what about tax on the income? The question is actually harder to answer than you may imagine. [...]

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How to set up your FBA Amazon Tax Settings for Canada – Video

By | February 28th, 2018|Accounting|

Happy Pink Shirt Day! You will see I am sporting a pink shirt and my fav CPA toque! We have to keep warm here in Canada. https://youtu.be/tYWAmlboIUs Virtual Heights Accounting is a CPA and Business Coaching firm located in Rossland, BC. We are a virtual firm focused on using cloud based technologies to reduce the administrative burden of business owners. Focusing on bookkeeping, accounting, business coaching and development with a tech focus. www.vhaccounting.ca.  This blog is intended for general use and understanding on sales tax set up in Amazon. Direct professional advice is always recommended to ensure you are getting [...]

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The Hype Around Blockchain

By | February 7th, 2018|Technology|

An Explanation for the Observer Anything blockchain and cryptocurrency is getting lots of hype right now. Investors seem to be pouring in money worried they will miss the big payout. Warnings of a bubble are everywhere. As an techy Accountant, I like to stay on top of these things. This made me realize that maybe I should explain what I have learned about it in a blog. I am far from an expert on blockchain, but do keep up with some of the more well-known podcasts and articles on the subject. Thus have learned a lot in a short time. So [...]

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Sales Tax Cheat Sheet for the Online Seller

By | January 31st, 2018|Business|

Want a copy - download it here:  CANADA SALES TAX FACT SHEET

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Cloud Accounting Presentation – PowerPoint Slides for CPA Event

By | January 26th, 2018|Accounting|

At some point, I will try to put out a webinar on this topic. Until then, as requested, here are the pdf slides for the PowerPoint Presentation on cloud accounting. This was from a live presentation to local CPA's and is intended for general information. Any questions or comments let me know.   Please click the link below to download. Cloud Accounting Presentation CPA   Virtual Heights Accounting is a CPA firm that operates in the virtual world. We provide virtual accounting, Virtual CFO and Virtual Controller services for your growing Company. Contact us directly to chat or follow our blog [...]

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Xero for the Amazon Seller – FBA Accounting in Canada

By | January 17th, 2018|Uncategorized|

Are you an Amazon seller looking to streamline your accounting for your Canadian corporation? There are a lot of great cloud accounting software to choose from. As a Canadian cloud accountant based in BC, I have seen Xero work great for a variety of online retail companies.  It is a great choice for the Amazon FBA (Fulfillment by Amazon) Seller. Why Xero for Amazon Sellers? Xero integrates with A2X – A2X provides simple automated Amazon accounting by importing your Amazon transactions directly into Xero for easy reconciliation. Xero has multi-currency to satisfy your reporting requirements in Canada if you have both [...]

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What is ERP?

By | October 25th, 2017|Uncategorized|

When explaining the benefits of cloud accounting, I often tell people that with cloud accounting you can build your own ERP system as you grow. So the obvious next questions is what is ERP? ERP stands for Enterprise Resource Planning and is the systems in place that facilitate the processes that make your business work as you grow and scale. When I implement an ERP system for a client, I start with the accounting software. Then I incorporate other systems and processes based on the needs of the business. For example, maybe you require a project management software for your business [...]

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How to 10X your Growth in 3 Steps

By | October 18th, 2017|Business|

The world is in an exiting time where the ability to 10X your company is at anyone's reach. I have been speaking lately with numerous entrepreneurs who have 10X'd their companies then sold them (sometimes they have sold multiple companies). I was very interested in the 10X or die mentality and wanted to share some of the key takeaways from these conversations. In the tech game, this has come to be a common terminology. The concept is that either you out-innovate and grow quickly or get squashed when someone else does. This originally tech based mentality is spilling out into a [...]

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Do I have to Charge Hotel Tax on my AirBnB (in BC and Alberta)?

By | September 20th, 2017|Uncategorized|

Many business owners are investing in real estate and with AirBnB the ability to make a return on providing short-term rental accommodation is easier than it ever was before. The questions I get is do I have to charge hotel tax on my AirBnB rental? The answer is different depending on where you are. In this article we will specifically address BC and Alberta. British Columbia What was previously called "Hotel Tax" is now administered by the Ministry of Finance under PST. The rate of PST for accommodations is 8%.  Owner's of short term rental units (including AirBnB's) are only required [...]

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The Entrepreneur – The Grunt and the Glory

By | September 13th, 2017|Business|

I had the honour this week of finding out I was nominated for a Professional Service Award by the local Chamber. This was incredible humbling as I know the nomination came from clients happy with my service. At only a year in, I felt that was a great milestone achievement to be recognized with so many other great businesses and business people. Just before hearing this, I was listening to a business podcast about how many people see the glory of Entrepreneurs but few see the work that goes into it. I thought about this comment a lot and when I [...]

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