Accounting & Bookkeeping

A collection of our best articles for the accounting and bookkeeping community.

Accounting & Bookkeeping: USPayroll: US
June 17, 2016

Everything You Need to Know About Expense Reimbursement

Travel, dining, mileage, office supplies and other costs that employees incur as part of their jobs are all considered business expenses. That seems straightforward enough. What’s not so clear-cut is the process of reimbursing business expenses. If you’re in the process of establishing or revamping your company expense practices and procedures, the following is a […]

The Complete History of the Social Insurance Number

A Social Insurance Number (SIN) is a 9-digit form of identification that every individual residing and/or working in Canada must have in order to access government benefits, file income taxes and, most importantly, get paid. (Through the fate of acronyms, SIN also sounds a bit biblical.) A short timeline of the SIN. 1964 — SINs were […]

What You Need to Know About HAPSET in Manitoba

Unlike the provincial motto, “Gloriosus et liber” meaning “glorious and free,” there are very few things that are free when you own and/or operate a business in Manitoba. Enter the Health and Post-Secondary Education Tax Levy (HE Levy or HAPSET). What is the HE Levy? According to Information Bulletin HE 002, the HE Levy is a […]

Employee Terminations and Subsequent Payments

You would think that once an employee has been let go, that would be that. But payroll is never just that simple. It’s not at all uncommon for employees to be paid after what was supposed to have been their final paycheck and after a Record of Employment has been issued. From the employee perspective, […]

3 Big Lessons From Pivoting to the Cloud Accounting Market

It was a rainy day in March of 2014 and… OK, maybe it wasn’t a rainy day. But, we had just made the decision to go full throttle and pivot our business from consumer facing to business facing. Here are three lessons we’ve learned since. 1. Your learning curve is everything. Your revenue curve often […]

5 Easy Invoicing Tips to Improve Your Cash Flow

As a small business, one of your main cash flow concerns is getting paid on time. Spending all of your time reminding clients that they owe you money isn’t the best, or most efficient, use of your time. Optimizing your invoicing process is one of the quickest, easiest ways to make sure you’re collecting on […]

How to Avoid Costly Mistakes that will Save You 30K+

During the past 17 years as a Kinesiologist and business owner, I’ve had my share of ups and downs. The downs have nearly been disastrous!  Some situations almost forced me out of business and strained personal relationships. Avoiding these mistakes will accelerate your success, save you thousands of dollars and a lot of heartaches. In […]

Do You Have to Provide Workers’ Compensation Coverage?

In Canada, one of the first areas of the employment relationship to be regulated was Workers’ Compensation, with the first Workers’ Compensation Boards created during WWI. There are now Workers’ Compensation Boards in every province and territory in Canada, while federally-regulated employers are required to provide wage loss replacement benefits equivalent to the Workers’ Compensation […]

Double Overtime — Absolutely Everything You Need to Know

Double Overtime is relevant to your company if any of the following applies, You’re a California, US-based company You’re a British Columbia, Canada based company You have employees who work in either of the above locations If none of the above applies to your business, you don’t have to worry about double overtime. You only […]

4 Ways to Handle Vacation Pay in Canada

This blog post is written for Canadian businesses. U.S.-based companies should refer to How to Structure Paid Time Off Plans Like a Pro. Small business owners have a decision to make when it comes to Vacation Pay. As delightful as vacations can be, the complexities of vacation payroll can sometimes leave you wishing for a vacation […]