There are certain connotations many pair with the idea of working as an accountant. The mere mention of the word “accounting” in conversation likely triggers images of endless spreadsheets and complex equations, long hours behind a desk during tax season, or the influx of phone calls from loved ones (or even just distant acquaintances) seeking… Continue reading What does an Accountant do?
There are many jobs in accounting, often with duties and responsibilities overlapping between titles and roles. The process of accounting for any organization involves keeping track of financial transactions that include income and expenses, payroll records, and changes to the asset or product inventory. The size of the organization drives the number of positions or… Continue reading Accounting Clerks vs. Accounting Assistants
Every small business needs a good bookkeeper. The finances of any business, regardless of size, can quickly get complicated, and it’s the bookkeeper’s job to ensure efficient accounting and tax compliance. If you’re a small business owner, you may very well want one on your team as soon as possible, whether you employ them directly or hire a… Continue reading Skills and Qualities of a Good Bookkeeper in Canada
In general, a tax preparer job description is the same type of job description you’ve had before helping customers find all the deductions they’re entitled to while ensuring that they’re following the law. Your tax preparer job description will outline that you have all the information and documentation that would be needed to back up… Continue reading What is the Job of a Tax Preparer?
An accountant and a tax advisor both serve specific financial requirements and they are certainly not the same. You need to choose one of them based on your financial requirements. Each of them has different roles to play to ensure efficient personal and corporate financial management. Tax Advisor vs Accountant – Understand the Differences To… Continue reading The Difference Between A Tax Advisor and An Accountant
Though there are countless technical skills and certifications required for success in public accounting, many audit and tax professionals forget to convey the crucial set of soft skills that accounting firms are looking for in their employees. Today’s increasingly complex business landscape has required the role of an accountant to change. While this has led to an… Continue reading Soft Skills That Accounting Firm Look For
The accounting profession is undergoing rapid changes driven by advancements in technology and market forces. These trends are shaping the accounting industry as we know it today. Let's explore the nine key trends that are driving these changes: Leading Trends Shaping the Future of the Accounting Profession? Technology and Automation Automation of repetitive accounting tasks… Continue reading Leading Trends Evolving the Future of Accounting Profession
Bookkeeping is an essential component of running any business. It’s necessary to keep track of your finances and ensure that your books are in order. However, bookkeeping can be confusing, especially if you’re unfamiliar with all the terms. To help you out, we’ve compiled a list of common bookkeeping terms and their definitions. Moreover, we’ve… Continue reading Common Bookkeeping Terms For Beginners
What is tax accounting? Tax accounting is a special area of accounting that employs a special set of principles different from other types of accounting work. Tax accountants work in various working environments, including government agencies, private businesses, multinational corporations, individuals, and accounting firms. They can even work freelance. Tax accountants are in demand and… Continue reading How to Become a Tax Accountant in Canada?
Impact of Technology on the Accounting Profession Technology has made an undeniable impact on the accounting industry. Before accountants had computers, they had to use calculators to manually reconcile financial documents against paper ledgers. Records were significantly less accurate than they are today, and calculation errors were difficult to catch. The advent of computer-based accounting… Continue reading Role of Technology in Accounting Profession
