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Choosing the correct Bookkeeping service is an essential choice for all small business.    Professional bookkeepers at My Office Space will give you a solid start and make your operations solid from the beginning. 

It is the role of management in companies to ensure that all employees get paid. These payments can either be monthly, weekly or on a daily basis depending on the policies of the company. So as to ensure perfection, seeking the services of My Office Space experts is essential. 

Tax compliance is a legal requirement that every adult, business, charity, partnership or corporation must satisfy. Moreover, Tax evasion is one of the most serious crimes in Canada, so every eligible taxpayer needs to hire a competent bookkeeper to take care of their tax preparation needs. 

 Taxes are unavoidable. While some tax experts claim to be able to help companies and individuals avoid paying taxes, the dues will be paid in one way or another. Preparing tax returns is not an easy process. This is because no single person can hold all the tax rules and updates in their mind.  

HST means Harmonized Sales Tax, it is a consumption tax in Canada. In Ontario the HST is 13%. HST (Harmonized Sales Tax) is paid on most services and goods provided or sold in Ontario, Canada. HST is also applies in other provinces.

WSIB Workplace Safety and Insurance Board is an agency, under supervision of Ministry of Labour, Ontario. WSIB is responsible for providing insurance benefit for Ontario's employers and compensation to Ontario workers. 

IFTA International Fuel Tax Agreement is helpful cooperative agreement among the most US States and Canadian provinces. IFTA helps and make it easier for inter-jurisdictional carriers to report and pay taxes on the motor fuels they utilize 

If you are subcontractor or involved in construction activities, T5018 is the Statement of Contract Payments shows the total contract payments earned by a small or privately owned business to the contractor for services during the tax year