Why You Should Hire an Accountant to Help with Your Tax Liabilities
Tax Professionals: A Vital Resource for Canadians During Tax Season Tax season can be one of the most stressful times of the year, especially if you’re managing your finances on…
Accounting Blog and News
Cash Flow: A Practical Guide for Nanaimo Businesses
Why Cash Flow Matters for Nanaimo Businesses Managing your cash flow is essential for any business—whether you operate in Nanaimo, serve clients across Vancouver Island, or even beyond. In this…
Do you really need a bookkeeper?
Proper bookkeeping is essential for any business, yet many entrepreneurs make costly mistakes that can negatively impact their financial health and tax liabilities. These errors can lead to poor decision-making.…
Using your car for business: Is it tax-deductible?
Vehicles are a tax-deductible asset. From the CRA’s (Canada Revenue Agency) viewpoint, while it is possible to use your car for business purposes, you must be careful in the claiming…
Accounting Terminology – Do not fear. (Part 2)
Financial Analysis: Essential Ratios Explained Diving into financial analysis doesn’t have to be daunting. At New Heights Accounting, we aim to make complex financial ratios straightforward and understandable. In “Accounting…
Accounting Terminology – Do not fear (Part 1).
Demystifying Financial Analysis: Key Terms Explained Navigating the world of accounting can often seem daunting, especially for those just starting out. At New Heights Accounting, we believe in making this…