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How to Charge GST on Your Materials – The Contractor (3 min read)

 By Alissa Bryden, CPA, CA Contractors often ask me about how to charge GST on the materials included on their invoices. There are two main ways contractors can create their invoices. One where the materials are paid for by the client as a reimbursement and one where the materials are part of the sale price. It is important to note that GST charged on your invoices is called “GST Collected”. GST paid when you pay for the materials are called “ITC’s”. When you remit a payment to the Canada Revenue Agency you net these two. Reimbursement When a client is paying the materials as [...]

By | October 11th, 2016|Uncategorized|Comments Off on How to Charge GST on Your Materials – The Contractor (3 min read)

4 Signs Your Bookkeeper is Costing You Money

4 Signs Your Bookkeeper is Costing You Money (4 min read) By Alissa Bryden, CPA, CA […]

By | September 30th, 2016|Uncategorized|Comments Off on 4 Signs Your Bookkeeper is Costing You Money

Are you ready to be an entrepreneur

By Alissa Bryden, CPA, CA (10 minute read) My undergrad degree was a Bachelor of Commerce in Entrepreneurship. I studied entrepreneurship everyday and analyzed case study after case study on business owners and their stories. We looked at the types, traits, life circumstances and then got into the steps they took to make it happen. We looked at cases where they succeeded and also where they didn’t. For my first blog post, I thought it would be an interesting topic to dive back into. With the benefit of experience (and additional education in accounting) I wish I could take another look [...]

By | September 12th, 2016|Uncategorized|Comments Off on Are you ready to be an entrepreneur

The Accountant vs The Bookkeeper

By Alissa Bryden, CPA, CA (4-5 minute read) Within the first meeting of any new small business owner there is a standard question “So do I need a bookkeeper?”. This is a great question and one I thought necessary to discuss. Previously, many CPA firms did not have internal bookkeepers for two reasons 1) Charge out rates were typically too high for it to be recoverable and 2) It was generally thought to be a better service if there was separation of these duties to allow for a “second look”. In the era, of cloud accounting, I would argue these arguments [...]

By | September 12th, 2016|Uncategorized|Comments Off on The Accountant vs The Bookkeeper