Overview
Corporations and sole proprietorships should record their accounting data, such as bank and credit card transactions. All tax records and business documents need to be kept for six years. The six-year period begins later if the tax returns are filed late, so the best practice is to keep all supporting documents for seven years.
The best way to keep accounting records for such a long period of time is using cloud-based bookkeeping software. We use fully cloud-based bookkeeping with high security for your data.
Bookkeeping
You can be sure of our trustworthy services in this criteria:
- Keep track of expenses and expense reports
- Manage the accounting for your construction company, making sure it is always up to date and consistently accurate
Payroll
Using fully automated payroll software, we take care of all the processes, including:
- T4s and other required tax slips
- CRA deductions — EI, CPP, federal and provincial tax
- EHT and WSIB deductions
- Time-tracking and payroll, so that your employees, contractors and the CRA are always paid on time and accurately
- Pay stubs and employment remittance recordings