What Are The Different Types Of Accountants?

In Canada, there are three types of legacy accountants: certified management accountants, chartered accountants, and certified general accountants. Accountants would earn these credentials based on the direction and extent of one’s studies. While now we refer to them as Chartered Professional Accountants (more on that below), there are still distinctions and educational requirements that make […]

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Trillium HR Support: What To Expect From Your Consultation

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The basic role of a human resources department is to help with duties like recruiting, orienting, training and (when necessary) dismissing employees. But many small businesses are handing over these tasks to employees with little or no HR experience! Hiring an external provider for your HR services can be the best choice for your growing

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What’s The Deal With Partial Unemployment Benefits?

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With the economy still in flux, a lot of people want to know how to protect themselves if they lose hours or their whole job. Workers should know that they can still pull some of their unemployment benefits while working reduced hours. In Canada, these are colloquially referred to as “partial unemployment benefits.”

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How Does My Home Business Qualify For Tax Deductions In Canada?

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Most small business owners in Canada know the standard deductions that maximize their business income. These well-known business expenses like travel costs and insurance premiums are pretty standard. But when these small businesses are run out of a residential property, the owner becomes eligible for more types of income tax deductions! Anyone operating a home

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Preparing To Outsource Human Resources: Four Tips To Ease The Transition

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One way small businesses can save money is by outsourcing their human resources services. Companies can bring in an outside company to make their HR function rather than hiring an internal employee or team to do it.

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On Average, How Much Does It Cost To Hire A Monthly Bookkeeper?

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If you’re like us and run a small business, you’re probably focused on building and growing. However, this can quickly lead to an obsession with the books: pouring over every invoice, bill, and expense sheet to make sure you aren’t spending too much or missing unnecessary risks.

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What’s The Difference Between Bookkeeping and Accounting?

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One of the biggest misunderstandings about accounting and bookkeeping is that they’re the same job. While the two professions work very closely together and, in many cases (like at Trillium), under the same logo, their jobs and responsibilities are quite different.

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When Should I Consider Outsourcing The Bookkeeping For My Small Business?

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Whether to outsource bookkeeping to an outside firm or not is an important decision for any small business. There are good reasons to have professional eyes look over your books regardless of the size of your organization – for one thing, filing a tax return with incorrect financial statements can result in penalties from the

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What Are The Major Benefits To Hiring Bookkeeping Services?

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There are many advantages to hiring an outside bookkeeping service. Maybe your company is growing, and you’re having trouble keeping track of all the documents related to your finances; maybe the programs you need to file taxes, take care of payroll, and handle HR have you at your wits’ end; and maybe you hate numbers!

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Meals and Entertainment

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“Can I write off that golf game?” “I want to take a client out for drinks after work – is that against the rules?” “I’m buying staff pizza today, can I write that off?” “My wife and I run the family business and discuss it often on date night. Is that a business expense?” Meals

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