What is importance of the accounting?
Every firm pays tax on its profit at the end of the year. The payable amount is determined using the submitted tax return. For this reason it is essential to include all expenditures and revenues to ensure a low taxation. Furthermore, it is helpful to know of all possible deductions and tax planning to help minimize the payable amount.
If your business is operated from Canada and you are looking to do payroll for your employees one of the effective way to do the payroll is on the CRA Website
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