What should I do in terms of bookkeeping?
Forums - Small Business Tax
Join discussions with other like-minded business owners and entrepreneurs.

What should I do in terms of bookkeeping?

Landing Page Forums Personal and Business Tax Matters Small Business Tax What should I do in terms of bookkeeping?

This topic contains 1 reply, has 1 voice, and was last updated by Avatar of Robert Robert 7 years, 11 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #5057
    Avatar of Robert
    Robert
    Member

    We have a question from a client:
     
    What should I do in terms of bookkeeping? Why do I need to bother – I just add it all up at the end of the year – it goes on my personal return

    #5058
    Avatar of Robert
    Robert
    Member

    I assume that you have not incorporated your business activities. As such, there is no statutory requirement that you prepare financial statements. However, you are required to maintain adequate records to support the information that you report on your annual income tax filings. The services of a Chartered Accountant may assist you in claiming .perhaps additional expenses that you may not be aware of when tabulating your information and filing your personal income tax return. Barry J. Watson CA. Direct Line 604-714-1999

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.