BAGE Tax and Accounting Inc.

A great day for our team to join the efforts of a great organization. Consider your organization doing a build day!

As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. Its not always fun to do this sort of examination, but the answers to these questions will help you to make the best possible decisions for the future. [ 545 more words ] https://bage.ca/questions-to-ask-as-your-small-business-re/

Over the course of a few weeks nearly everyone’s business and life has been turned upside down. It’s been a crazy time with toilet paper shortages, businesses forced to close, an overload of information (and mis-information on social media). With the recent disruption in mind, we wanted to help support you however we can. We’ve seen a number of our clients already impacted by the virus and decided to put together some COVID-19 Resources to help you out. [ 83 more words ] https://bage.ca/useful-information-and-resources-on-covid-/

Since the first internal corporate note was sentprobably reminding employees about casual Fridaycompanies and organizations have relied on written communications to keep employees up-to-date on company policies, procedures and changes happening within. These days, though, more companies are switching to videos to relay information to their staff. In a lot of ways, video is more effective than written communications. It grabs peoples attention, conveys important information quickly and [ 465 more words ] https://bage.ca/how-to-use-video-for-communications/

In business, mistakes can be expensive and as an entrepreneur, although you’ll know many of the regulations that apply to your business, there are so many you can’t possibly remember all of them. Depending on the type of business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety and a variety of other regulations. [ 578 more words ] https://bage.ca/three-reasons-entrepreneurs-need-legal-help/

Free Covid 19 Resources https://bage.ca/covid-19-resources/

Over the course of a few weeks nearly everyones business and life has been turned upside down. Its been a crazy time with toilet paper shortages, businesses forced to close, an overload of information (and mis-information on social media). With the recent disruption in mind, we wanted to help support you however we can. Weve seen a number of our clients already impacted by the virus and decided to put together some COVID-19 Resources to help you out. [ 83 more words ] https://bage.ca/useful-information-and-resources-on-covid-/

In business, mistakes can be expensive and as an entrepreneur, although youll know many of the regulations that apply to your business, there are so many you cant possibly remember all of them. Depending on the type of business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety and a variety of other regulations. [ 578 more words ] https://bage.ca/three-reasons-entrepreneurs-need-legal-help/

CONTEST TIME!! It's that time of year again! The Stanley Cup finalists are about to face off head-to-head! We want to know who YOU think is going to win t...he 2019 Stanley Cup! HOW TO ENTER: Like and Share our Facebook page Comment on this post who you think will win and how many games the series will last **Everyone who guesses correctly will be entered into a draw to win! WHAT YOU WIN: 50$ Canadian Tire Gift Card 50$ Ultimate Dining Gift Card 200$ K River Gift Certificate for any of our landscaping services!! **The cut off for entries will be on Monday, May 27th @ 8:00 PM Good Luck!

To the voters of Canada and Party Leaders (please see note below regarding French) Canadians are looking for a leader, not a bully. Leaders have vision, purpose and determination, not stone throwers or sucker punchers.... Social Media is bombarded with negative posts about candidates. Many of these posts are made up stories. As Canadians, I believe we want to here the vision and direction of our party leaders, so we can decide where we as a nation want to go, instead of eliminating those we like least. We can change the election coverage, and we call on each campaign to assist in this effort As we have learned from the US elections, other players are trying to steal our election. It is time for Canadians to stand united and take back our election. Regardless of party or affiliation, we can stop this from happening. HEREs HOW... 1) Do not comment, like or share an ad that has a negative tone. 2) Block posts of those who share the negative message. Perhaps you may want to unfriend those who decide to enable outside entities to steal our election (at least until after the election). If negative posts are not being actioned, then it kills the promotion of the post. 3) Block ADS from parties sharing negative posts. 4) Only comment, like or share positive tones and messages of vision and direction. 5) Call on ALL parties to communicate this message. Send this message to them, on twitter, Party Page and other ways you can think of. They all should be supportive of combating negativity coming from "other players" 6) You are the voter. You need to decided who best aligns with your hope for Canada. Therefore you should do your research directly and do not rely on opinions of others. Start with the parties platforms. Here is a link to the websites of the main parties in no particular order: https://www.blocquebecois.org/ https://www.greenparty.ca/en/platform https://www.ndp.ca/ https://www.conservative.ca/ https://2019.liberal.ca/ Liberal Party of Canada | Parti libral du Canada Conservative Party of Canada - Parti conservateur du Canada Canadas NDP / Le NPD du Canada Green Party of Canada Bloc Qubcois To French speaking Canadians I apologize I am not able to communicate in the official language of French due to my lack of education and ability to speak fluently. It would be greatly appreciated if someone would repost in French to spread the word.

Our friends at RGH CPA are in a fundraiser to fight Cancer. Craig Green is a partner at RGH and a great role model. We at BAGE CPA would encourage you to support this worthy cause. Please like, share and comment on this post to spread the word. And most of all, consider adding your financial support. Thank you! BAGE TEAM

CONTEST TIME!! Its that time of year again! The Stanley Cup finalists are about to face off head-to-head! We want to know who YOU think is going to win t...he 2019 Stanley Cup! HOW TO ENTER: Like and Share our Facebook page Comment on this post who you think will win and how many games the series will last **Everyone who guesses correctly will be entered into a draw to win! WHAT YOU WIN: 50$ Canadian Tire Gift Card 50$ Ultimate Dining Gift Card 200$ K River Gift Certificate for any of our landscaping services!! **The cut off for entries will be on Monday, May 27th @ 8:00 PM Good Luck!

To many people, financial planning sounds like something for the very rich. The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money. The rest of us just focus on saving what we can while paying off debt and hoping we dont lose our jobs before were financially stable. [ 550 more words ] https://bage.ca/what-is-financial-planning/

If you need a car to operate your business, you may wonder whether it makes more sense to purchase or lease. On the one hand, if your business owns the car youll have a long-term asset and may qualify for more tax deductions. On the other hand, buying a car is a huge expense and monthly lease payments tend to be lower than car loan payments; they may also be tax deductible. [ 533 more words ] https://bage.ca/is-it-better-to-buy-or-lease-a-company-veh/

Recruiting and training for a cloud based CPA firm is one of the most challenging experiences I have ever faced. But it has also become one of the most rewarding aspects of my job. Now, for the outside observer, it may look fairly routine as there are so many bookkeepers and accountants out there with a set of skills reflective of an accounting firm. [ 949 more words ] https://bage.ca/ideal-characteristics-of-a-virtual-account/

All business owners need to be aware of their break-even point that is, the number of units they need to sell in order to cover their operating costs. Once youve reached your break-even point, its time to celebrate: your business is no longer in the red, and you are officially earning a profit. This article will show you how to calculate your break-even point so you can make wise business decisions that support greater growth. [ 463 more words ] https://bage.ca/do-you-know-your-break-even-point/

The overwork epidemic is a serious problem world-wide. In Japan, theres even a word for it; to die by karshi is to suffer a heart attack or stroke brought on by unrelenting overtime and occupational stress. In addition to the negative impact on health and well-being, working too much is bad for productivity. According to a recent study, employees who put in more than 50 hours a week as nearly half of US (and probably Canadian too but they were not in the study!) workers do show a sharp decline in output right around the 50 hour mark. [ 461 more words ] https://bage.ca/could-a-four-day-week-help-your-business-t/

Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support new entrepreneurs. 456 more words [ 454 more words ] https://bage.ca/tax-tips-for-new-business-owners/

PayPal is the world leading online payment service. You can transfer money to and from your bank account, pay for goods, and even receive payments worldwide. Its a useful tool for entrepreneurs, freelancers, and even for personal use. However, it does have its drawbacks. PayPal takes a significant chunk of money when it comes to converting and billing international payments. You [ 551 more words ] https://bage.ca/5-paypal-alternatives-to-send-and-receive-/

Following up on late or non-paying customers is no freelancers favorite task. Which is precisely why you need to set payment terms up front and in writing before you work with a new client or customer. By communicating and agreeing on the non-negotiables for doing business with you, youll avoid awkward misunderstandings, frustrating disputes, and in most cases, the ugly hassle of debt collection. [ 474 more words ] https://bage.ca/how-to-set-payment-terms-if-youre-a-freela/

When you run a small business, every cent counts. It can be difficult to spend money on anything you dont consider vital. Hiring a lawyer during key times in your small business might seem like an unnecessary expense, but the money you spend now on a business attorney could save you time, money, and energy in the long run and could protect your business. [ 480 more words ] https://bage.ca/when-you-should-consider-hiring-a-business/

If youd like to save time, cut costs, improve productivity and increase sales, take a look at how the latest technologies can serve your small business in the new year. The rise of the remote office Although cloud-based solutions arent new, its anticipated remote work teams are on the rise. One reason may be that small businesses, initially slow to adopt cloud technology, are now realizing its potential; [ 450 more words ] https://bage.ca/small-business-tech-trends-to-watch/

We are looking for a recent university grad interested in pursuing a career in accounting. If you love apps, strong analytical mind, and engaging personality, we would love to meet you!

Wow! What a year this has been.We are growing and hiring! Businesses are really embracing the new paradigm and benefits of virtual accounting! As a result, we are growing. If you know a loyal, committed bookkeeping professional that may be interested in joining a very different type of accounting firm, please ask them to send us an email. Also, to spread the word, please share this so friends of friends will also be reached!

Hot off the press! Small Business Gazette is out! https://paper.li/jonescga/1326066521

Fine Indian Cuisine is coming soon to downtown Halifax... Congratulations to Deeksha and Vijay for their impressive rebranding of The Fireside!!!

Have you found your reason for being yet?

A quick demo of our portal for clients or potential clients of BAGE!

On behalf of all our family here at BAGE, we wish everyone a very Merry Christmas, Joyful Holidays, and Happy New Year. May 2018 be your best year ever!

This sums it up...

I WOULD LIKE TO HEAR STORIES ON YOUR EXPERIENCE DEALING WITH CRA. Please post below. The Canadian public lacks trust for our nations revenue agency. Stories like this adds to the mistrust Canadians have towards CRA. This is bad, as is the way CRA make single moms and dads jump through hoops to prove the existence of thier children and prove they are primary parents. It is unfortunate because there are many great people that work at CRA, but the organization that is suppose t...o serve our people, seems to hinder them and treat them as tax evanders. All the while we find out about some reportedly $6 billion or more a year are lost in tax revenue because of offshore tax havens. Many users of the shelters are doing so legitimately, but I question why CRA does not invest its "probing" dollars into ways of investigating these havens and closing some of those loopholes instead of frustrating hard working , honest taxpayers and small business owners whose incomes are not high enough to even disqualify them for Child Tax Benefit The voters in Canada must raise thier voice and make this a top election issue. See more