Sales Tax Cheat Sheet for the Online Seller

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

By | January 31st, 2018|Business|Comments Off on Sales Tax Cheat Sheet for the Online Seller

Cloud Accounting Presentation – PowerPoint Slides for CPA Event

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 [...]

By | January 26th, 2018|Accounting|Comments Off on Cloud Accounting Presentation – PowerPoint Slides for CPA Event

Xero for the Amazon Seller – FBA Accounting in Canada

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 [...]

By | January 17th, 2018|Uncategorized|Comments Off on Xero for the Amazon Seller – FBA Accounting in Canada

What is ERP?

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 [...]

By | October 25th, 2017|Uncategorized|Comments Off on What is ERP?

How to 10X your Growth in 3 Steps

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 [...]

By | October 18th, 2017|Business|Comments Off on How to 10X your Growth in 3 Steps

Do I have to Charge Hotel Tax in BC on my AirBnB?

UPDATE*** -  The 2018 BC Budget announced changes for accomodation providers including eliminating exemption for those with less than four units. Check out the updates here: https://www2.gov.bc.ca/assets/gov/taxes/sales-taxes/publications/notice-2018-004-pst-mrdt-accommodaton-providers.pdf   With the changes we have deleted this article for the moment. Check out the publication from the Ministry for more information or give us a call. 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. The [...]

By | September 20th, 2017|Uncategorized|Comments Off on Do I have to Charge Hotel Tax in BC on my AirBnB?

The Entrepreneur – The Grunt and the Glory

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 [...]

By | September 13th, 2017|Business|Comments Off on The Entrepreneur – The Grunt and the Glory

My Top 4 Business Podcasts (This Week)

I am a podcast junkie. I love learning via tuning into an audio podcast. I have always had a thirst for learning and love podcasts because they can fit into my everyday life (drives, runs or when working on something that can stand background noise). If you have not become a podcaster yet, I recommend you try it. I find them informative, entertaining and motivational and learn something new from each one. You are not going to learn much from Ed Sheeran on your local pop rock station! These are the five most on my radar this week. Oh and if [...]

By | September 6th, 2017|Uncategorized|Comments Off on My Top 4 Business Podcasts (This Week)

Lean Accounting: What it is and Why your Business Needs it

Lean Accounting is the next big movement for companies looking to gain an edge. The term "lean" was coined in the 1990's to refer to the systematic reduction of waste in the manufacturing process. The purpose is to get rid of anything that does not add value to the product. Lean accounting is the same application except applied to the accounting process. This is not a new term, however, it is made all the more powerful by the opportunities presented with new technology. Your company can reduce the non-value adding processes of your accounting. The effects of this will be: Less [...]

By | June 28th, 2017|Accounting, Business|Comments Off on Lean Accounting: What it is and Why your Business Needs it

How Do I Fire My Accountant?

Are you thinking of leaving your current Accountant? In my experience, this can be a very stressful topic for business owners. They are unhappy and want to find a new advisor but they hold back. People do not like conflict and feel a sense of loyalty. When they discuss this conflict with me I have one question for them: Why were you thinking of switching? Poor Customer Service The most common response relate to the service they receive. I recently spoke to a business owner who was one year behind in filing their tax returns. They brought the books to their [...]

By | June 14th, 2017|Business|Comments Off on How Do I Fire My Accountant?