Small Business Bookkeeping – YALETOWN ACCOUNTING

Why Yaletown Accounting?

Yaletown Accounting provides bookkeeping services for small business owners, our services help you to see your business’ financial challenges, and it can allow you to see which areas of your business are profiting and may be worth expanding.

What qualifies as a business expense?

A lot more than you probably think! The list includes but is not limited to advertising, start-up costs, delivery, insurance, maintenance, legal fees, rent, and supplies. For the full list, click here.

What documents do I need?

All receipts, invoices, payroll records, bank and credit card statements, investment statements and tax returns. (We request that you add up the totals for the receipts, if we add up your totals there may be an extra charge for the time, or we may have to reschedule your appointment).

How long do I have to keep all of my documents for?

The Canada Revenue Agency requires small business owners to keep all of their relevant tax documents and receipts for six years after their taxes are filed. They can be physical or digital copies, just as long as you have them.