KHF Blog

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We help; you grow your business, your business profit, make sure your bookkeeping, payroll and HR are organized, you plan for the future, you save, you succeed!

Rental Property

    Posted in Business     Posted in     |    

Many people believe buying and renting out property is a safer investment over investing in the stock market or an up and coming business. Whether this is true or not, most people who get into rental properties tend to overlook the bookkeeping and tax implications and find themselves in hot water with the Canada Revenue Agency (CRA) come tax season.

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Great Ways to Save Money in Your Business

    Posted in Business     Posted in     |    

Whether you want to start a business on a shoestring budget, seek longevity for your business in today's economy, or are looking for additional funds to direct into projects, the best thing is to find the best ways of cutting costs in running the business. Numerous opportunities are available for saving money that can be implemented in any kind of company. Outsourcing your bookkeeping could save on not only costs, but on time and energy as well. With an outsourced company managing your accounts, you can save cash that would otherwise be spent on hiring, training and paying salary to a bookkeeper. If you are doing your own accounts, it takes up a lot more time that can be translated into lost profits, since this same time would be spent in other aspects of the business, such as customer service. This is a safe and reliable way of cutting expenses both in the short and long term, where the business owner only has to make management decisions concerning finances, rather than crunching up the numbers himself.

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Netfile, Efile or Paper file...

    Posted in Taxes     Posted in     |    

You obviously know what paper filing is, the old traditional way of doing your taxes by hand or computer and printing and mailing them in, and you may have even heard of Netfiling. Netfiling is only a few years old, and is still considered the new way to send in your tax return that was done using tax preparation software to the Canada Revenue Agency (CRA) which gets your taxes to them and your refund to you quicker. But, have you heard of Efiling?

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Getting More Done

    Posted in Business     Posted in     |    

When it comes to business, big or small, time is money. The simplest way to save money in business is to become more efficient. It's simple really, do more then one thing at a time.

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