Five Reasons Your Start-Up Needs a Part-time Virtual CFO

By | July 19th, 2018|Accounting, Business Coaching|

I work with a variety of clients, who may have great bookkeepers, but their operations grow beyond that of basic bookkeeping. If you have a fast-growing business or have large aspirations, there are five main reasons you should consider having a part-time CFO. Keep fixed costs low - cash flow is always an issue for every start-up or small business. Hiring a part-time CFO allows you to keep your costs low and scale your services as you scale your business. Not only will you save on the salary (including source deductions and benefits) of a full time CFO but you also save [...]

Comments Off on Five Reasons Your Start-Up Needs a Part-time Virtual CFO

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. [...]

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

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 [...]

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

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 [...]

Comments Off on Cloud Accounting Presentation – PowerPoint Slides for CPA Event

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

By | June 28th, 2017|Accounting, Business|

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 [...]

Comments Off on Lean Accounting: What it is and Why your Business Needs it