10 Things you Didn’t Know a Bookkeeper can do for your Business
1. A bookkeeper can prepare Notes to Reader (NTR)
The statements and compilation agreement (or NTR) which can be required before a small business corporate tax return can be prepared by the bookkeeper on behalf of the tax filer to ease the tax season workload.
Quarterly GST – payroll – PST filing
As a part of your year-end taxes, the adjustments can take up a lot of time, you can also pass this off to your bookkeeper to make things easier.
Annual filing if you don’t want to go through a CPA
We have talked about the importance of business plans in previous Entreflow blog posts, so to perform this annual task, you can pass this off to your bookkeeper as they have a closer look at how the numbers run
Instead of having an auditor come in for the preliminary audit in case of business closure, your on-hand bookkeeper is legally authorized to complete this task.
Along with general accounting software, a bookkeeper is capable of knowing which support applications will expedite workflow in other areas like time tracking, marketing, and other specialties specific to your business.
If you are a smaller business and not yet in need of a full-time human resources representative, your bookkeeper may be trained to legally handle all of the duties and obligations.
Dealing with the CRA can be a hassle, especially for the full time owner of the business. You can easily assign authority to your bookkeeper to directly deal with the CRA instead of the business owner needing to be a middle-man.
Even if you already have a bookkeeper, you may not be using them to their full potential. Instead of hiring on a secondary person to ease issues around the office, take into account these additional areas in which your bookkeeper can legally act.