Richard and Kosick CO.

Many rookie business owners do not have any experience in book-keeping or accounting, which often results in some pretty common mistakes on their part. The most critical mistake is to ignore your accounting and book-keeping requirements for many years until and unless you eventually find some time and/or some money for dealing with it .  And if you are late, you will be prompted to seek compliance once the CRA or Canada Revenue Agency mails you demand letters and order to file your outstanding returns. You may find it pretty much surprising to know that one in every ten small businesses are found filing their first ever return late, often leading to unwanted penalties and accrued interest, which tends to be more expensive than your actual book-keeping costs most of the time. Yet another mistake is to employ a book-keeper without gauging your book-keeping needs.  Do you know that you can do it continually, for instance, on a daily basis, or on-demand, whenever you require