Lift CPA

The carbon tax is levied based on the amount of greenhouse gas emissions generated. It is meant to get companies to reduce their greenhouse gas emissions and help pay for projects to fight climate change.

As of 2019, a carbon tax has been implemented in Canada. This tax is imposed on fuel sources that emit greenhouse gases, such as gasoline and natural gas. The carbon tax started at $20 per ton. But on April 1, 2022, it was increased to $50 per ton.

The carbon tax will directly impact your business if you produce greenhouse gas emissions. This means you will need to factor in the carbon tax cost when making decisions about your business operations.

Got old books that haven't been balanced for years? Don't worry - we can get them in shape!

We've worked with clients who haven't done their books in almost a decade.

Don't worry about it. We know it's difficult to manage and run a business.

We're here to help. No judgements!

We're here for a free consultation. Get in touch: https://liftcpa.com/

If you don't change and adapt to the latest technology, you'll get left behind. 😧

We've heard this countless times.

While embracing new tech is scary, there are so many benefits to migrating accounting to the cloud.

Here are two good reasons to make the switch:

1. Cloud-based accounting software is always up to date. New features and updates are available as soon as they're released. No waiting through lengthy updates.

2. Cloud-based accounting software is more affordable. Because cloud-based solutions are subscription-based, they typically cost less than traditional desktop software. Plus, there's no need to invest in expensive hardware or IT infrastructure to support the software.

If you're a business owner, it's natural to want to be financially savvy. After all, part of being a successful entrepreneur is having a good understanding of your finances and knowing how to make smart decisions with your money.

However, there's nothing to be embarrassed about if you don't understand all the financial jargon out there or the ins and outs of accounting.

That's what accountants are for. We don't judge people who don't entirely understand their finances. We exist to serve this side of your business.

The most important thing is that you're taking steps to learn more about finance and business accounting, and you'll learn a lot with a competent financial partner!

We're here for a free consultation. Get in touch: https://liftcpa.com/