Real Tools vs Window Dressing

A few months ago I received an email inviting me to try out Receipt-Bank… The company’s marketing was geared towards bookkeepers and small accounting firms.           Would we appreciate eliminating data entry? – Of course! The problem is that simply...

Tax Planning and SR&ED

I’m often amazed that some Canadian technology companies spend a fortune on complex tax planning structures and ignore rudimentary compliance functions to support SR&ED tax incentives. While SR&ED is becoming more difficult and less predictable, it is...

A Brief History of Bookkeeping

In 1494 an Italian mathematician by the name of Luca Pacioli published “Summa de arithmetica, geometria, proportioni et proportionalità” (Venice 1494), a textbook for use in the schools of Northern Italy. It was a synthesis of the mathematical knowledge of his time...

SHOULD OUR START-UP OUTSOURCE THE BOOKKEEPING?

Start-ups often ask: Which Online Bookkeeping Software Should We Choose? The future of all software – including bookkeeping software – is online. This allows for much better information sharing and connectivity with distributed teams. With better connectivity and...

IFRS or ASPE for Canadian Startups?

As CPAs we are bound by the pronouncements of the Chartered Professional Accountants of BC. CPA firms that provide what are known as “assurance services” are required to have their clients adopt 1 of 2 competing financial reporting regimes: Accounting...