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Author: Bob Wang

6 mistakes that will cause you problems with the CRA

Starting a new business? Avoid making these 6 mistakesthat will cause you problems with the CRA Legacy Advantage is a Small Business Bookkeeper, and we often see horrible situations that could have totally been avoided had you planned ahead. Let me tell you…. Some the horror stories you hear about the Canada Revenue Agency, some are inconveniently true: Bank accounts frozen, forcing bankruptcy. We have a client, who got very busy running his business. He also wasn’t very comfortable with the numbers, so he turned a blind eye to his bookkeeping. As a result, his business now owes $100K...

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