Changing GST/HST Environment a Boon for Bookkeeping Industry

With successive provincial budget announcements, governments are turning to the power of sales taxes to shore up revenues and enlist the help of business to collect those taxes for them. Nova Scotia, for example, announced a hike to their sales taxes in their recent provincial budget, while Ontario and British Columbia will be moving to a harmonized tax regime in July. Those working with business owner clients in the tax and bookkeeping field could benefit greatly from deeper and more formalized knowledge in the areas of personal, corporate and GST tax matters, to better assist their clients to emerge into this post-financial crisis reality.

"Today more than ever, business owners need to count on their professional document managers to know the intricate details surrounding tax compliance in a changing world and how to handle increasingly complex business transactions,î says Evelyn Jacks, President of The Knowledge Bureau, "For these reasons we have updated courses and research tools available in the DFA, Bookkeeping Services Specialist Program, featuring EverGreen Explanatory Notes, and are introducing several new courses specific to the succession planning needs of business owners.î

Consulting in the area will provide important opportunities to consolidate relationships with clients, and gain referrals for new business. However, it will be important for tax and bookkeeping professionals to be on top of the most cutting edge changes, warns Mrs. Jacks.

Advanced Bookkeeping for Business Profiles