We have drafted 5 questions* to ask your accountant so you know what is required from you and what you can expect from them. 1) How much do you charge and how do these suit my needs and pocket? Fees are worked out according to your specific needs. There is no “one package for all […]
Just as the year is broken into seasons or cycles, the accounting side of your business is also broken into cycles. The first cycle is known as the sales cycle. This cycle is something that is often pretty obvious to most people. However, but many business owners do not complete the cycle, often failing to […]
A fundamental principle in accounting is that everything has to balance. People call it different things, but in accounting, it is called reconciliation. All accounting systems are built on this principle. You cannot unbalance it. The problem here is that there is always room for human error. We are human and certainly not perfect. Sometimes […]
When it comes to business and, in particular, the accounting aspects of it, there are different accounting systems that are suited to different companies. Choosing an accounting system for your business is all about “horses for courses”, to quote a well-worn saying. Some work better for some companies than for others, and no one package […]
Tax season happens every year and there are certain items that are important to remember when submitting your tax return. Whether you do this submission or even if you get a tax practitioner to do it on your behalf, the below are important points to remember: You do not have to submit a return. There […]
BC Accounting Services offers a range of solutions for you and your business. We have expertise in the areas of accounting, tax and payroll. Having said that, we are certainly not experts in everything financial. It is an industry that has a huge scope covering many different industries in the bigger industry. One of these […]
Business and Cars We drive around in various shapes, sizes, makes, models of transport. Some big and some small. Some owned and some not owned. We even pay other people to drive us home or to wherever we want to go. So, what has this got to do with business? Well, the answer is that […]
So many times I am out at a restaurant, store, or outing and someone in my family or group of friends says “You’re the accountant, how much is this?” and wants me to calculate something in my head. I am going to let you all in on a little secret… I am not a mathematician, […]
“Let’s meet for coffee” Everybody loves meeting someone or many people for a drink. Possibly the most common is a cup of your favourite brew. This is a legitimate reason to do business and network with important connections, but it can get out of hand. These “business meetings” often become just a general, friendly chat […]
