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POS systems for small business

By |2023-03-20T19:11:19+00:00July 13th, 2023|Technology|

Point of Sale (POS) systems is the system used when your customer makes a purchase. As a business owner, choosing the right point of sale (POS) system is essential for running your day-to-day operations efficiently. A POS system can help you keep track of your sales, inventory, and customer data, and streamline your payment processing. Off-the-shelf POS systems for small business are plentiful on the market and choosing one can be a difficult task. One consideration to make when you are making that decision is whether your POS integrates with your accounting system of choice. For example, if you are using [...]

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The best payment processing solution (for your small business)

By |2023-03-01T00:53:24+00:00June 15th, 2023|Accounting, Business, Technology|

As a business owner, it's crucial to offer your customers a seamless and secure payment experience. With so many payment processing solutions available in the market, it can be overwhelming to choose the right one for your business needs. We'll guide you through the process of selecting the best payment processing solution that aligns with your business requirements. We'll cover essential factors to consider, such as fees, security, and ease of use. By the end of this article, you'll have a better understanding of the payment processing landscape and be able to make an informed decision for your business. Stripe, Square, [...]

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Five Apps to Streamline Operations in your Small Business

By |2023-02-05T17:39:22+00:00March 9th, 2023|Technology|

As a cloud accounting firm, we are always looking for ways to help our clients increase productivity and streamline operations. There are now countless apps available to help businesses achieve these goals. It can be a little overwhelming to look at them all. In this blog, we will be showcasing just five tech apps that we believe will make you more productive in your Canadian small business. Slack Slack is a popular communication app that allows teams to chat, share files, and collaborate on projects in real time. This app is especially useful for businesses with remote employees as it makes [...]

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How Chat GPT can be used in your small business

By |2023-02-10T22:36:50+00:00February 9th, 2023|Technology|

As a cloud accounting firm, we have seen firsthand the impact that technology can have on small businesses. With the rise of artificial intelligence (AI), small business owners now have the opportunity to streamline their administrative tasks, freeing up more time and energy to focus on growing their business. Now there is a new technology on the scene that is set to transform the way we all work. That technology is Chat GPT. Chat GPT, or Generative Pre-trained Transformer is an AI-powered chatbot that can automate repetitive administrative tasks. By leveraging natural language processing (NLP) and machine learning algorithms, Chat GPT [...]

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Productivity Strategies for Small Business Owners in 2023

By |2023-01-27T03:20:41+00:00January 27th, 2023|Business, Technology, Xero|

Small business owners need to develop productivity strategies in order to stay competitive. As technology rapidly advances, so do the expectations of small business owners. In the age of digital transformation, it’s more important than ever to stay competitive and increase productivity. But how can small business owners do that in 2023 and beyond? Here are some productivity strategies to help you make the most of your time and resources.  1. Automate Tasks Where Possible  One way to free up your time is by automating certain tasks. You can use automated solutions or third-party services to streamline processes like billing, customer [...]

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Leveraging Technology to Automate Your Financial Processes

By |2022-12-21T04:06:20+00:00December 15th, 2022|Business, Technology|

Technology has made our lives easier in many aspects. One of the most important areas where technology can be leveraged is in finance. Automating financial processes can help small business owners save time, money, and energy while ensuring accuracy and compliance. Here are some tips on how to leverage tech to automate financial processes.  Integrate Your Systems  The first step when leveraging technology for automated financial processes is to integrate your systems. This includes any program or software you use to manage your finances such as an accounting system, invoice management system, payroll system, etc. By integrating these systems, you'll be [...]

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Alberta’s Interactive Digital Media Tax Credit

By |2022-10-27T19:03:38+00:00October 27th, 2022|Taxes, Technology|

The Alberta Interactive Digital Media Tax Credit (IDMTC) is for eligible registered IDM corporations that develop interactive digital media credit products in Alberta after April 1, 2018. The credit is calculated at 25% of eligible salary and wages incurred in the tax year and is FULLY refundable. That means you are required to first apply it to income taxes payable but if you clear that balance you will still get the amount of the credit as a refund! Eligible corporations that hire under-represented populations may qualify for an additional 5% through the Diversity and Inclusion program component. Here is an example, [...]

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BC’s Interactive Digital Media Tax Credit

By |2022-10-27T18:39:16+00:00October 27th, 2022|Taxes, Technology|

The Interactive Digital Media Tax Credit (IDTMC) is for eligible registered corporations that develop interactive digital media credit products in B.C. after August 31, 2010, and before September 1, 2023 (CURRENT deadline). The credit is calculated at 17.5% of eligible salary and wages incurred in the tax year and is FULLY refundable. That means you are required to first apply it to income taxes payable but if you clear that balance you will still get the amount of the credit as a refund! Here is an example, if you have $200,000 in eligible salaries and wages, you may be entitled to [...]

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The Many Benefits of Working With a Virtual Accountant

By |2022-10-15T16:43:32+00:00October 15th, 2022|Accounting, Technology|

For small business owners, keeping on top of their finances can be a full-time job in and of itself. That's where virtual accounting services come in. Virtual accountants can handle all of the nitty-gritty financial details of your business so you can focus on growing your company. Here are just a few of the many benefits of using a virtual accountant. Virtual Meetings With a virtual accountant, you can hold meetings online or over the phone instead of in person. This can be a huge time-saver, especially if you have clients or employees who are located in different cities or provinces. [...]

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How to Invite Your Accountant to Xero

By |2022-08-16T15:29:14+00:00July 29th, 2022|Technology, Xero|

The Xero accounting app makes it super easy to invite your accountant to access your books and records. With the invite a user feature, in just a few clicks, your accountant will have access to your books. Here’s how to invite your accountant to Xero in five simple steps. From the dashboard, click on your business name and go to “Settings.”  Then select “Users.”  In the top right, you should see a green button that says “Invite a User.” Click on this. Now enter your accountant’s name and email then check the box that says, “Business and accountant.” We also recommend [...]

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