We have been receiving more requests for help using Quickbooks and specific issues that many people encounter with the program. To try to fix this, we will be doing a new series of tutorials that hopefully will be helpful to anyone who is using Quickbooks for their small business. Today's topic will be discussing the "Receive Payment" Journal and 'Undeposited Funds' that many people have issues with.
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Tax Saving Ideas
There are many tax saving ideas for specific lines in Canadian tax.
Don't miss out on the following tax saving ideas:
Office in the home
Automobile expenses
Salaries paid to an assistant (your partner or child perhaps)
Supplies used to earn employment income
Helping Small Businesses Growth
Government of Canada recognized the important role that small business play in helping economy grow and in creating jobs for thousands of Canadians.
Read MoreTax Free Savings Account: 10 things you need to know
Tax Free Savings Accounts (TFSA), rival RRSPs as a good, tax-free way to sock away cash.
How do they work?
Unlike an Register Retirement Saving Plan(RRSP) the contributions are not tax deductible.
So you deposit after tax cash into it, but you can withdraw it tax free.
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