Blog | FBC, Canada's Farm & Small Business Tax Specialist
Top Reasons Why Good Business Records Benefit Your Farm

How to Maintain Good Farm Business Records

May 16, 2018
Accurate farm business records make it easier to prepare taxes. A good bookkeeping system helps identifies the farm’s strengths, helps the business grow, and makes it easier to apply for a loan.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Cash Accounting for Farmers

Cash Accounting for Farmers

May 02, 2018

Farm businesses have special status under certain provisions of the Canadian Income Tax Act (ITA).

Along with fishing operations, farmers can use the cash method of accounting (or cash accounting) for reporting income for income tax purposes.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Importance of Keeping Good Farm Records and Accounting for Agricultural Businesses

May 17, 2017
Running a successful farm means being a good producer and being a financial manager. Keeping accurate records makes a farm more productive and profitable.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Good Bookkeeping Key to Worry-Free Tax Preparation

Apr 12, 2017
Have good records and a record keeping system will help you understand and appropriately assess impacts of a decision on your income tax liability.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Small Business Tip: Protecting Your Financial Data

Nov 23, 2016
To keep sensitive business, finance, and customer data safe, small businesses need to understand tax-related threats and protect their online operations.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Strategies for Keeping Your Small Business Finances in Order

Nov 02, 2016
Running a small business can be daunting, but ensuring your finances are in order can help your business grow and be more profitable.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Hit the Bookkeeping

Aug 24, 2016
You may not be heading back to school, but it may be a good time for you to refocus and hit the books (or at least your bookkeeping).

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Have You Met All Your Tax Obligations?

Jul 27, 2016
To ensure you don't miss any tax obligations or tax filings for your small business, here is a list of tax dates including remittance payments, payroll deductions and GST/HST filings.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

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Professional Bookkeeping and Payroll Services Can Help You Spend More Time on What Matters

Dec 15, 2014

One of the biggest challenges that small business owners face today is time. Between running the business, taking care of the books and meeting all of the compliance and administrative requirements, most small business owners have precious few hours, or even minutes, to spare.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading

How to Switch Your Farm from Cash Accounting to Accrual Accounting

Jul 19, 2013
Some tips for Canadian farmers making the transition from cash accounting to accrual accounting to record income and expenses.

While there are a lot of tax benefits to being a self-employed contractor in Canada there is also a lot to understand when it comes to the ever-changing tax code.

Continue Reading
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