Local Search Will Profit an Accounting Website

Benefits of Payroll Software A business payroll should be done accurately to ensure that the staff receives their pay accordingly. Furthermore, taxes has to be paid on time making the benefits of a business payroll system obvious. The main benefit of an online payroll is the ease of using the software and accuracy. Therefore, it will save the time and money. Business owners can use a business payroll system to pay their staff remotely without having to hire an accountant. Furthermore, they do not have to worry about whether or not they are doing it correctly. The program will calculate the withholdings and ensure that the amount paid to employees are correct. The only thing they have to do is to enter the information correctly. An online payroll for your business will allow business owners to easily forecast business expenditures. Furthermore, they can also set goals for the business and see real-time income versus expenses when it comes to meeting those goals. They will benefit this during tax time as well since an online payroll system will not only calculate taxes for business owners but they can download the information to a CD or have it emailed to make tax completion easier. The software user do not have to worry about losing the data or system malfunction. The online payroll system keeps the records that they need automatically and it gets backed up in numerous places. There are even options for storing items online securely eliminating the worry of losing everything in the event of a computer glitch. In conclusion, the use of a business payroll system can make paying employees, forecasting profits versus loses, and paying taxes simple saving business owners both time and money without the need for advanced knowledge. Ultimately, online payroll is accessible from anywhere, reducing the need for an onsite accounting department. Finding free software can be a tough task. It is also not an ideal solution for most businesses. The ideal software should help companies to easily process employee payrolls. Tracking of tax withholding, vacation time, over time and other benefits are some of the other important features found in most payroll software. When you opt for a free payroll software, most of these features might be lacking and some free software come with pop ups and other product advertisements.




A Professional Accountant's Perspective on Starting a Small Business in New Brunswick - Part 2 To recap part 1, we talked about the first two steps in setting up a small business. First step was to seek out a professional accountantand/or a tax accountant. Step two, decide on a business structure. Once you have determined a business structure, we can proceed to step 3. 3. Prepare a Business Plan- having a well laid out business plan, including a marketing plan, can be beneficial especially if you are looking to secure financing. There are many business plan templates available on the internet, but the strength of a successful business plan is in the details and professional judgment. Typically, if you require a business plan, it would be worth the time and money to have a professional accountant assist with the process to ensure it is realistic, accurate and objective. 4. Register your New Business a. Choose a name- select a variety of potential names for your business and prioritize by order of preference b. Get name search done and secure name (NUANS) c. Register your name and business with the province of New Brunswick. This also gives you a business number with Canada Revenue Agency. 5. Register for Sales Tax - Depending on the jurisdictions you will do business in, register for the appropriate sales tax a. Harmonized Sales Tax (HST) and Goods and Services Tax (GST)(Federal) -NB,NS, NFLD, ONT, BC. The number is a federal number and can be used for HST and GST together. b. Provincial Sales Tax (PST) - Manitoba, Saskatchewan, Prince Edward Island - this is a provincial tax and must be registered with the province in which you are doing business. c. Quebec Sales Tax(QST) - Register with the province of Quebec if doing business in Quebec 6. Register for Payroll - If you are employing at least one person, you must register for payroll with the federal government and/or the province of Quebec if employees in Quebec. 7. Select Accounting System- Depending on your type of business, you may find it easier with an industry specific software package that caters to your particular needs. Most small businesses use an off the shelf software package which is fairly inexpensive. For example, QuickBooks or Sage Simply Accounting are both user friendly and can be purchased for around $300. Most accountants use these packages so collaborating with your accountant provides for seamless integration. As overwhelming as it may seem, taking the process one step at a time and having a trusted advisor, enables you to focus on the business operations and frees your mind to creativity. Best of luck in your new business venture, it is a rewarding experience for the right entrepreneur. To view the article in its entirety, read it on Accountants Corner. Gerard is an experienced, a professional accountant situated, located in Rothesay, NB. He created, established, set up Jones CGA to provide, offer expert, professional, exceptional services in Tax, Finance, Project Management and Consulting. His, Gerard's, CG Jones intention is to provide these services to small businesses as well as Professionals and business owners at rates more in line to what this group can manage. He can be reached at (506) 849-0913 or by email.





Why Should One Take up The Post of a Temporary Accountant? I was looking at the different part time opportunities available for my friend who is located in a remote sea side town and has very good knowledge about business accounting and taxation procedures. His recent domestic commitments towards his aging parents have created high demands on his time and working modes. There are many qualified professionals like Andrew Morrison, who do not want to tie themselves down with full time jobs due to diverse reasons. The part time jobs for the post of temporary accountants offered by firms' expert in handling tax and accounting services and agents offering temporary employment for various accounting positions are usually advertised on the internet and the classified columns of the newspapers. The positions offered by Companies looking towards hiring tax and accounting services or a temporary accountant prove to lucrative job opportunities as they are money spinning vehicles being utilized increasingly as a cost cutting process by businesses in contemporary times. The positions of temporary accountants are usually filled up during the seasons when the tax and accounting services are required for filing of returns, preparation of final accounts, handling large accounting transactions and increased workload. Some of the temporary posts are upgraded to a full time basis if the quality of the job provided is up to the expectations of the recruiters. Many companies are looking towards outsourcing their key tax and accounting functions to professional third parties who have the requisite infrastructure and experience to handle multiple client jobs as per the requirement. These external agencies are on the lookout for temporary accountants willing to work for them on a part time basis by providing their expertise in tax and accounting services. It is a good idea to leave your resume with these firms along with employment agencies to avail job opportunities for a temporary accountant's post as and when the need arises. The pros and cons of the job of a temporary accountant or joining the teams in firms providing tax and accounting services can be discussed as below: The job of a temporary accountant is usually for a short duration of two months to six months on a contractual basis. The reason for the opening could be in relation to a project or for filling up the gap of the full time accountant who may be on leave. The short term association allows both parties to check out the comfort levels before upgrading to a full time post in the same department or acts as a good source of income for the qualified but currently unemployed, who are looking for good job association with a reputed firm offering tax and accounting services or the job of a temporary accountant adds to the resume and helps in building professional contacts, network and references for the definitely provides flexibility in juggling the work-home responsibilities. However, there are certain disadvantages for committing yourself to a part time job such as temporary accounting. It may not complement the qualifications possessed by the individual and may not match with his exact requirements for a job. The lack of job security and benefits that exist in the part time job.