• What Makes Peter’s Accounting & Bookkeeping Stand Out

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Thanks for stopping by our blog. If you’re looking for more information about Peter’s Accounting & Bookkeeping, you’ve come to the right place.

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  • Owner Spotlight: Peter Lemmond

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    I’m Peter Lemmond, proud owner of Peter’s Accounting & Bookkeeping.

    I look forward to sharing my story. I hope that you will enjoy getting to know me better.

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  • Announcing the new website

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    We are delighted to announce the launch of our new website!

    Our new website provides our existing and prospective clients a simple yet interactive view of our work and the services we offer.

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  • New Website Under Construction

    Peter's Accounting & Bookkeeping   |  

    New Website Coming Soon!

    We are currently revamping our website. Our new website will be interactive and mobile friendly!

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  • What is My Company's Break-Even Point?

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    For small business owners, it is important to understand the company’s break-even point so that they know how much they need to achieve in sales or services to realize a profit. The break-even point is the key component in any business in order to determine your company’s pricing and profitability. The definition of the break-even point is the amount of sales volume at which a business earns no money. It helps the business manager determine what route the company will take to achieve the company’s desired income through its sales. The break-even point is useful in determining the amount of capacity…

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  • Choosing Accounting Software for your Business

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    People who run their own small business have to be able to do a little bit of everything as well as the main point of your business – marketing, payroll, accountin. And that is where a lot of people feel that cloud of dread come over them. The thing with looking after the accounting side of your business is that it’s time consuming, can be fiddly to get your head around and legal – there’s no room for error. And this why it is dreaded by so many people. The Solution? There are a number of different types of accounting software available…

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  • Business Structure - The Key to a Successful Business

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Starting a business is exciting. But without the correct professional guidance, it can be downright scary. So many tasks to be completed. So many deadlines. So many questions that need to be answered. Permits, building codes, endless forms to fill out, business plans, tax codes, marketing research, hiring employees, financing, leasing property, etc. One thing is for certain, the foundation of a successful ongoing business concern whether it’s at startup or mid-lifecycle is the selection of the correct Business Structure for your specific situation. LLC, partnership, corporation, Matrix structures, Product Departmentalization, they all have various strengths & weaknesses. Starting off with the correct business…

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  • When Outsourcing an Accountant Makes Sense

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Delegating out your accounting projects does not make sense for everyone. Making the decision depends on a huge number of factors: the size of your company, the complexity of your accounting needs, the number of people on your payroll, etc. That said, there are some instances in which outsourcing your accounting needs is the best solution for you and your business. #1: The Start-Up You are a brand new company. This is your first year on the books, and to be honest, you really don’t have the time or the expertise to make sure it is getting done properly the first time.…

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  • What does Property Tax in Hamilton & Ancaster Cover

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    As a property owner, property tax just comes with the territory. Deciphering what is included in your Ancaster property tax can be overwhelming. At Peter’s Accounting, we have years of experience decoding property tax regulations and guiding homeowners and business owners through the ropes. Deciphering Ancaster Property Taxes A property tax is a value assessed by your municipality and is correlated to the value of your property. It includes a municipal tax as well as an education tax. The city of Ancaster is included within the City of Hamilton’s property tax boundaries. There are various types of property tax depending on whether…

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  • Types of Taxes in Ontario

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Deciphering the different taxes in Ontario requires both time and patience. For years Peter’s Accounting has been helping businesses large and small learn how to adhere to Ontario’s different types of taxes, and take advantage of tax breaks and credits. Taxes in Ontario are used to support education, healthcare, infrastructure, transportation, and the skilled trades. Read on to learn about some of Ontario’s most commonly experienced taxes. (Please note that this article will not address Ontario’s most prevalent taxes: GST, PST, and HST.) Corporate Tax If you operate a business in Ontario, it is subject to both federal and provincial corporate taxes.…

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  • Bookkeeping and Tax Services - CRA Technical Expertise

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Unless you are an accountant yourself, you are likely enlisting the assistance of one for your business. As a business owner, you know that general bookkeeping is just the beginning. Every business owner needs an accountant with Canadian Revenue Agency technical expertise. Navigating through tax time every year can be frustrating at best and can find some business owners throwing in the towel. Finding someone with CRA technical expertise can truly make or break your business. The tax maze With tax software and quick fill forms, almost anyone can successfully file a basic personal tax return. For the business owner, no matter…

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  • Common Provincial and Federal Forms For Businesses

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    If you have ever tried to navigate the Canada Revenue Agency website you will know that it can be a sea of confusion and frustration. Just trying to find answers to seemingly simple questions can be an exercise in saint-like patience. There’s good and bad news about that. The bad news is that the CRA website is likely never going to get any easier to understand. But! The good news is that there are experienced accounting professionals who know exactly what they’re looking for and where to find it. Better yet, they know where these elusive forms need to go. As…

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  • Small Business Tax Planning Tips

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    No matter what size of business you operate, tax time can be, well, a taxing time. The best defense is knowledge. Having an experienced, qualified accountant on your team is one way to ensure you cross your t’s and dot your i’s. Stay On Top of Deadlines As a small business, the last thing you want to do is pay late fees. It’s simply not in the budget! And when it comes to taxes, they’re a lot bigger of a deal than returning your library books a few days late. Missed deadlines can cost you thousands of dollars, and it’s totally preventable.…

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  • Accounting Changes Over the Past Decade

    Peter's Accounting & Bookkeeping   |  

    Business Company Structure In Ancaster

    Over the past ten years, the basic tenets of accounting have not changed drastically - an accountant is still responsible for the important task of identifying revenue and calculating expenses, and ensuring that their client abides by the appropriate standards and regulations. However, it’s when it comes to regulations, and methods that an accountant’s day looks very different than it did ten years ago. Since the early 2000s, Accountants have had to confront a huge number of regulatory differences and additional areas of interest. Widespread Use of Technology In the early 2000s, cloud technology was just beginning to make its way into…

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