Email is vital for business. Even if you don’t rely on email to communicate inside the office, it’s your primary means of communication with your customers. Order status updates, back-in-stock notifications, shipping updates and more are all most efficiently managed through email.
LLCs for Canadians is a good idea?
A limited liability company (“LLC”) is a common type of entity used by U.S. persons investing in or operating a business in Canada. While it may not be optimal many Canadians use LLC’s to invest in or operate a business in the United States. LLC’s can be created in a number of States and may…
How to open a US business bank account as a foreigner.
If you’re a non US entrepreneur (with no Social Security Number) trying to process credit card payments with Stripe, receive Amazon payouts to a non-supported country, or running a US LLC need a US business bank account – here’s how I solved a few big pain points for myself & opened a US bank account….
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What You Need to Know About the New Standard CSRS 4200 Compilation Engagements
Earlier this year, the Auditing and Assurance Standards Board (AASB) announced a new Canadian Standard on Related Services (CSRS). Known as CSRS 4200 compilation engagements, this new CSRS replaces: Compilation Engagements, Section 9200 or Notice to Reader Assurance and Related Services Guideline AuG-5, Compilation Engagements – Financial Statement Disclosures CSRS 4200 includes new performance and reporting requirements….
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BC Sick Days: What you need to know
On November 24, 2021, the British Columbia government announced that as of January 1, 2022, all employees who fall under the Employment Standards Act will be entitled to 5 employer-paid sick days per year. Which employees are eligible?The paid sick leave provision applies to all employees covered by the Employment Standards Act, including part-time, temporary,…
US Government Plans to Admire the Problem of Regulating Cryptocurrency
The U.S. federal government is poised to plan to ask for money form a group to admire the problem of regulating cryptocurrency. That’s essentially what the news is about this morning. Major news agencies splashed “regulation” and “cryptocurrency” over the headlines but if you read the articles, what they say is essentially as follows: Crypto…
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Working Remotely Could Impact Your Taxes
When COVID-19 struck, many employers quickly switched to a work-from-home model for their employees. Many of them began working in a province other than where their office was located. While some workers have returned to their offices, as the pandemic drags on, more offices continue to work remotely with no back-to-office dates in sight. If…
What Is a T4A Canadian Tax Form?
T4A, we are talking about T4A Statement of Pension, Retirement, Annuity, and Other Income, not T4A(P) – Statement of Canada Pension Plan Benefits,or T4A(OAS) – Statement of Old Age Security or T4A-RCA Statement of Distributions from a Retirement Compensation Arrangement. A T4A slip is a Canada Revenue Agency (CRA) form that summarizes all compensation your…
It is time to say goodbye – The End of Free Google Business emails
No sure if you received an email from Google, regarding Google Suite Legacy Free plan will be end at July 1, 2022. It is sad, but it is time to say goodbye. But the next question is whats your choice? upgrade to paid plan, the cost would be $7.80 CAD/month/user. This cost could be huge…
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Crypto (Bitcoin) Friendly Banks in US, Canada
BankProv BankProv is one of the best crypto-friendly banks that offers full-service USD banking products for crypto natives and related businesses. The 10th oldest bank in the US, BankProv recently entered into the crypto space and offers fully-insured USD backing solutions for crypto businesses, custom API banking solutions, secure cash vault services for BTM operators, and…