December 2020

Organize Your Business for the New Year
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Organize Your Business for the New Year

Accounting, Business

Organize Your Business for the New Year

By Virtual Heights|2021-10-24T09:53:14+00:00December 30th, 2020|Accounting, Business|

Have you caught yourself saying, “Next year, I’ll be more organized”? I know I have! According to Go Skills, the third most common new year’s resolution is: get organized. When you’re a business owner, it’s essential to organize your business so you don’t get behind in important tasks like invoicing customers and paying suppliers. One way to organize your business is to use systems. Systems are a set way of doing things. This can be a specific set of procedures, templates for documents you create over and over, or even tools like software and apps. The main benefit of having systems [...]

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Employee vs Contractor: What’s the Difference
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Employee vs Contractor: What’s the Difference

Business, Taxes

Employee vs Contractor: What’s the Difference

By Virtual Heights|2021-10-24T09:53:14+00:00December 11th, 2020|Business, Taxes|

The question of whether someone who works for you is an employee or a contractor is an important one. It’s the difference between someone being your employee or being self-employed. If handled incorrectly, there can be penalties for you as a business owner, as well as the worker. The Canada Revenue Agency (CRA) provides a very detailed guide on the question: employee vs contractor. We break down the key things you need to consider below. Employee vs Contractor You might be wondering what difference it makes. Employee vs contractor, so what? The main concern is a person’s eligibility for employee benefits [...]

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