Category: Tax

Payroll in Tax and Bookkeeping
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Payroll and Associated Matters

Wages and salaries are very often grouped together and it is not easy to fix the distinctions between them. It is hard to believe that snobbery does not sometimes playa part. It is sometimes said that wages are paid weekly, whereas salaries are paid monthly, and it is sometimes said that wages are paid in cash, whereas salaries […]

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Bookkeeping of VAT
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Value Added Tax in Bookkeeping

VAT is a simple concept that has somehow managed to get very complicated in practice. Its complexities once led to a celebrated court case to establish whether a jaffa cake is a cake or a biscuit. If you enjoy a jaffa cake with your afternoon tea, you will be pleased to know that you are eating a cake which […]

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GST in Canada
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What is G.S.T

G.S.T TERM G.S.T is the summary of Goods and Service Tax. It used in countries: Australia, Canada, Hong Kong, India, Malaysia, New Zealand and Singapore. This tax is a replacement of hidden tax of manufacturing tax (13% ) but with a rate of 5%. for example if you have a 3500 CAD income then your […]

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