Paying yourself might seem easy if you run your own business, but it is not always that simple. It is important to follow the laws and practice good bookkeeping. If you do not know how to do that yourself, there are always professionals who can help you get the job done right.
Will you be doing payroll yourself manually, or with software? There are paid and free options available. Check out this guide for start-ups on how to set up and process your payroll. If you choose to hire a certified payroll professional, you can rest assured that they will get the job done right and make the likelihood of being fined for mistakes much lower.
Bookkeepers are certified professionals who know how to make sure your businesses’ books are kept orderly. This can help you make better decisions about your business based on the money coming in and going out.
Cameron McCool of Bench.com shares the distinctions between the two fields of Accounting and Bookkeeping, in a thorough article complete with comparison charts of the two groups.
Knowing the laws about how you need to record and report your business account can save you headaches. Here are the Ontario laws pertaining to Accounting, which govern Public Accountants across the province.
Here are some potential business that may be able to help you