November 2019

Why have I been asked to fill out a W-8 BEN-E form?
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Why have I been asked to fill out a W-8 BEN-E form?

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Why have I been asked to fill out a W-8 BEN-E form?

By Alissa Bryden|2021-10-24T09:53:15+00:00November 29th, 2019|Uncategorized|

If you are Canadian Company providing services to US Companies that has been asked to fill out a W-8 BEN-E form you may be wondering why. You may also be wondering how to complete it. This article walks an active business and Canadian corporation in Canada offering consulting services to a US company on completing this form. This is only relevant to non-financial entities such as a management consultant. What is it? The W-8 BEN-E form is provided by the IRS (the US Federal Tax Agency similar to the Canada Revenue Agency). It is used by foreign entities to document their [...]

Getting your Personal Finances in order with Xero

By Alissa Bryden|2021-10-24T09:53:15+00:00November 12th, 2019|Uncategorized|

Have you ever thought of using Xero to manage your personal finances? Well you are not alone. I have a few clients who have loved Xero so much that they have decided to us it to manage their personal finances as a personal finance app. If you have decided to do this, I have a few recommendations on how to optimize what you are getting from it. Talk to your accountant about a reduced price plan. Xero partners have access to accounts not available to the public which have reduced functionality but may fit your needs. The basic Xero account is [...]

Going Paperless through Cloud Accounting

By Alissa Bryden|2021-10-24T09:53:15+00:00November 5th, 2019|Uncategorized|

Go paperless in your small business. Set it up the right way using cloud accounting software you will come to love. Step 1) Get off the desktop solution and sign up to a cloud accounting software like Xero and Quickbooks Key advantages: Access invoicing on the go and connect your bank accounts for an automated download of your transactions. You can also easily add a pay button to your invoices. This will get you paid faster and save you time while also getting better clarity on your business. Step 2) Stop using cheque’s - Look for other payment methods like credit [...]