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AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory.
Director & Personal Liability In a Tax Alert titled “Abuse of Source Deductions and GST/HST Amounts Held in Trust” CRA warned that businesses must hold source deductions and GST/HST amounts in trust for the government. Penalties and interest and possibly personal liability for the directors will be the result if this is not done. Federal legislation allows CRA to collect unpaid amounts through garnishments, assessments of the directors, seizure and sale of the assets of the debtor corporatio
AvidXchange wants to make sure that you not only survive – but thrive – during your year-end closing process. That’s why we’ve organized a panel of financial thought-leaders and AvidXchange customers to share their personal best practices for a successful year-end closing. This live event, Tips & Tricks to Prepare for Year-End Close , will take place on September 21 at our new corporate campus located at the AvidXchange Music Factory.
Electronic payments have emerged as one of the best ways to send money. Many businesses are choosing to use payment software because it is the easiest, cheapest, and most ideal payment method. In the old world of payments, your staff likely had to deal with paper checks that tend to be cumbersome, time-consuming, and expensive to process and manage.
Traditional budgeting and forecasting methods can no longer keep pace with today’s rapidly evolving business environment. Static budgets, rigid annual forecasts, and outdated financial models limit an organization’s ability to adapt to market shifts and economic uncertainty. To stay ahead, finance leaders must leverage a future-forward approach—one that leverages real-time data, predictive analytics, and continuous planning to drive smarter financial decisions.
What Makes us Different? At Billah & Associates Inc. Professional Corporation we can give you the competitive edge to succeed in today’s challenging business environment. We take the time to create a partnership with you and your organization, understand your needs and environment. Together we can help each other succeed in this extremely competitive economy.
Whether you would like to become a CFO or are one already, you should be aware that the role is evolving. Traditionally, CFOs are in charge of financial planning and risk management, but they are increasingly expected to take on a more strategic role. Today, a CFO needs to have a strong grasp of technology, work strategically across all departments, and be able to harness analytics to identify key insights that will keep his or her business ahead of its competition.
It’s that time of year again! Time to gather up your assorted tax documents and get them to your accountant. For many of us, this is a dreaded task. It can be confusing and overwhelming, especially if you’re self-employed or have a lot of income from investments. But it doesn’t have to be that way. At Billah and Associates Inc., we can help you compile your personal tax returns and then discuss the results with you over the phone.
It’s that time of year again! Time to gather up your assorted tax documents and get them to your accountant. For many of us, this is a dreaded task. It can be confusing and overwhelming, especially if you’re self-employed or have a lot of income from investments. But it doesn’t have to be that way. At Billah and Associates Inc., we can help you compile your personal tax returns and then discuss the results with you over the phone.
CRA “My Business Account” The Canada Revenue Agency is constantly improving its online resources for taxpayers. You can view and print Notices of Assessment, check account balances and much more. For business owners, these resources can be very helpful. You can access them through the “My Business Account” portal. If you haven’t used My Business Account, you’ll have to set up your access.
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