A qualified bookkeeper can ensure you are not charged late fees or penalties by filing your paperwork accurately and on time to the CRA. They can also ensure you claim all the GST input tax credits you are entitled to if you are a GST registrant.

Even if you enjoy doing your own books, you may have nagging doubts as to whether you’ve missed a deadline or a deduction, or whether you should have claimed that “business trip” to Vegas! Not only will a qualified bookkeeper ensure that your paperwork is completed accurately and filed on time, but they can also notify you when payments are due to the various agencies.

Qualified bookkeepers are detail-oriented, thorough, exact and precise. They are also up to date with changes to CRA taxation regulations. Consider the following questions you might have: Am I recording or charging the GST correctly? Are my employee benefits taxed (or not) properly? Should I be charging PST on my services? How do I figure out my vehicle expenses if I use my car for business sometimes? Can I write off a portion of the cost of the vehicle? Am I paying too much (or too little) tax? Am I sure? Do I account for only 50% of the GST on meals and entertainment? Can I write off the…

There’s a lot to be said for having organized paperwork, especially if you are being audited by CRA. Having a bookkeeper organize your paperwork also ensures you can easily find a receipt or invoice when you’re looking for it.