{"id":177,"date":"2014-10-29T18:51:53","date_gmt":"2014-10-29T18:51:53","guid":{"rendered":"http:\/\/homesteadtax.com\/site\/?p=177"},"modified":"2015-10-26T16:13:11","modified_gmt":"2015-10-26T16:13:11","slug":"outsourcing-bookkeeping-smart-business-decision","status":"publish","type":"post","link":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/","title":{"rendered":"Why Outsourcing Bookkeeping is a Smart Business Decision"},"content":{"rendered":"<div class=\"fcbkbttn_buttons_block\" id=\"fcbkbttn_left\"><div class=\"fcbkbttn_button\">\n                            <a href=\"https:\/\/www.facebook.com\/lisa.cox.399826\" target=\"_blank\">\n                                <img src=\"http:\/\/homesteadtax.com\/site\/wp-content\/plugins\/facebook-button-plugin\/images\/standard-facebook-ico.png\" alt=\"Fb-Button\" \/>\n                            <\/a>\n                        <\/div><div class=\"fcbkbttn_like \"><fb:like href=\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\" action=\"like\" colorscheme=\"light\" layout=\"button_count\"  size=\"small\"><\/fb:like><\/div><div class=\"fb-share-button  \" data-href=\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\" data-type=\"button_count\" data-size=\"small\"><\/div><\/div><p>Many small business owners are often hesitant to outsource their bookkeeping needs.\u00a0 Outsourcing the tracking of their business income, expenses, and government filings is often viewed as an unnecessary cost.\u00a0 Additionally, they may be uncomfortable giving someone else access to their company&#8217;s financial information.\u00a0 These are both valid reasons that give small business owners&#8217; pause, but in reality, outsourcing your bookkeeping needs is a smart business decision.<\/p>\n<p>When talking to prospective bookkeeping clients, we reinforce that if someone is a good cabinet maker, that doesn&#8217;t mean that they can run a successful cabinet making business.\u00a0 Doing your own bookkeeping requires time, knowledge (of accounting and bookkeeping software) and requires you to be organized and have an eye for detail.\u00a0 Bookkeeping services have the experience to manage your books efficiently, while adhering to government filing deadlines which frees up business owners to do what they do best &#8212; service their clients.\u00a0 Simply put, let someone else manage your books, while you manage your business.\u00a0 This can be a painful lesson when the government levies penalties and interest for late filed returns.<\/p>\n<p>When your business is in start-up mode, you may not need a bookkeeper initially as you can easily track your sales and expenses on an excel spreadsheet.\u00a0 As your business grows, so will the demands on your time and the volume of bookkeeping entries necessary to track all your business activities.<\/p>\n<p>If you are in a start up situation, it is prudent to meet with an accountant or bookkeeper as they can guide you in registering your business or corporation, registering for HST, source deductions or WSIB, and provide perspective on what to expect as you get your business off the ground.\u00a0 They have valuable experience that can shorten the learning curve for any new business.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many small business owners are often hesitant to outsource their bookkeeping needs.\u00a0 Outsourcing the tracking of their business income, expenses, and government filings is often viewed as an unnecessary cost.\u00a0 Additionally, they may be uncomfortable giving someone else access to their company&#8217;s financial information.\u00a0 These are both valid reasons that<a href=\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\" class=\"read-more\">Read the rest of this page &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":219,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.<\/title>\n<meta name=\"description\" content=\"outsourcing bookkeeping toronto\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.\" \/>\n<meta property=\"og:description\" content=\"outsourcing bookkeeping toronto\" \/>\n<meta property=\"og:url\" content=\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\" \/>\n<meta property=\"og:site_name\" content=\"The Homestead Group Inc.\" \/>\n<meta property=\"article:published_time\" content=\"2014-10-29T18:51:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-10-26T16:13:11+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png\" \/>\n\t<meta property=\"og:image:width\" content=\"717\" \/>\n\t<meta property=\"og:image:height\" content=\"548\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/homesteadtax.com\/site\/#website\",\"url\":\"https:\/\/homesteadtax.com\/site\/\",\"name\":\"The Homestead Group Inc.\",\"description\":\"Accounting, Bookkeeping and Tax Professionals\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/homesteadtax.com\/site\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png\",\"contentUrl\":\"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png\",\"width\":717,\"height\":548},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#webpage\",\"url\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\",\"name\":\"Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.\",\"isPartOf\":{\"@id\":\"https:\/\/homesteadtax.com\/site\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#primaryimage\"},\"datePublished\":\"2014-10-29T18:51:53+00:00\",\"dateModified\":\"2015-10-26T16:13:11+00:00\",\"author\":{\"@id\":\"https:\/\/homesteadtax.com\/site\/#\/schema\/person\/b28feff69f41a770c647c64e49027855\"},\"description\":\"outsourcing bookkeeping toronto\",\"breadcrumb\":{\"@id\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/homesteadtax.com\/site\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why Outsourcing Bookkeeping is a Smart Business Decision\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/homesteadtax.com\/site\/#\/schema\/person\/b28feff69f41a770c647c64e49027855\",\"name\":\"Admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/homesteadtax.com\/site\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/0.gravatar.com\/avatar\/918cc1799849b49edd11ae9996b18ad7?s=96&d=mm&r=g\",\"contentUrl\":\"http:\/\/0.gravatar.com\/avatar\/918cc1799849b49edd11ae9996b18ad7?s=96&d=mm&r=g\",\"caption\":\"Admin\"},\"url\":\"http:\/\/homesteadtax.com\/site\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.","description":"outsourcing bookkeeping toronto","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/","og_locale":"en_US","og_type":"article","og_title":"Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.","og_description":"outsourcing bookkeeping toronto","og_url":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/","og_site_name":"The Homestead Group Inc.","article_published_time":"2014-10-29T18:51:53+00:00","article_modified_time":"2015-10-26T16:13:11+00:00","og_image":[{"width":717,"height":548,"url":"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png","type":"image\/png"}],"twitter_misc":{"Written by":"Admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/homesteadtax.com\/site\/#website","url":"https:\/\/homesteadtax.com\/site\/","name":"The Homestead Group Inc.","description":"Accounting, Bookkeeping and Tax Professionals","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/homesteadtax.com\/site\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#primaryimage","inLanguage":"en-US","url":"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png","contentUrl":"http:\/\/homesteadtax.com\/site\/wp-content\/uploads\/2014\/10\/Bookkeeping-Flyer.png","width":717,"height":548},{"@type":"WebPage","@id":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#webpage","url":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/","name":"Why Outsourcing Bookkeeping is a Smart Business Decision - The Homestead Group Inc.","isPartOf":{"@id":"https:\/\/homesteadtax.com\/site\/#website"},"primaryImageOfPage":{"@id":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#primaryimage"},"datePublished":"2014-10-29T18:51:53+00:00","dateModified":"2015-10-26T16:13:11+00:00","author":{"@id":"https:\/\/homesteadtax.com\/site\/#\/schema\/person\/b28feff69f41a770c647c64e49027855"},"description":"outsourcing bookkeeping toronto","breadcrumb":{"@id":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/"]}]},{"@type":"BreadcrumbList","@id":"http:\/\/homesteadtax.com\/site\/outsourcing-bookkeeping-smart-business-decision\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/homesteadtax.com\/site\/"},{"@type":"ListItem","position":2,"name":"Why Outsourcing Bookkeeping is a Smart Business Decision"}]},{"@type":"Person","@id":"https:\/\/homesteadtax.com\/site\/#\/schema\/person\/b28feff69f41a770c647c64e49027855","name":"Admin","image":{"@type":"ImageObject","@id":"https:\/\/homesteadtax.com\/site\/#personlogo","inLanguage":"en-US","url":"http:\/\/0.gravatar.com\/avatar\/918cc1799849b49edd11ae9996b18ad7?s=96&d=mm&r=g","contentUrl":"http:\/\/0.gravatar.com\/avatar\/918cc1799849b49edd11ae9996b18ad7?s=96&d=mm&r=g","caption":"Admin"},"url":"http:\/\/homesteadtax.com\/site\/author\/admin\/"}]}},"_links":{"self":[{"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/posts\/177"}],"collection":[{"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":4,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/posts\/177\/revisions"}],"predecessor-version":[{"id":220,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/posts\/177\/revisions\/220"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/media\/219"}],"wp:attachment":[{"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/media?parent=177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/categories?post=177"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/homesteadtax.com\/site\/wp-json\/wp\/v2\/tags?post=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}