Accounting Blog and News

Using your car for business: Is it tax-deductible?

Vehicles are a tax-deductible asset. From the CRA’s (Canada Revenue Agency) viewpoint, while it is possible to use your car for business purposes, you must be careful in the claiming…

Accounting Terminology – Do not fear. (Part 2)

Financial Analysis: Essential Ratios Explained Diving into financial analysis doesn’t have to be daunting. At New Heights Accounting, we aim to make complex financial ratios straightforward and understandable. In “Accounting…

Accounting Terminology – Do not fear (Part 1).

Demystifying Financial Analysis: Key Terms Explained Navigating the world of accounting can often seem daunting, especially for those just starting out. At New Heights Accounting, we believe in making this…

Effective Strategies for Pricing Your Products

Understanding the Importance of Accurate Product Pricing As a business owner, setting the right price for your products is crucial. This goes beyond mere profit-making; it’s about ensuring the financial…

Bookkeeper Position Available

Employment Opportunity as a Bookkeeper Available! Are you seeking employment in Nanaimo, BC? New Heights Accounting is hiring! *This is not a remote working position. Company: New Heights Accounting Corp.…

THE FUTURE OF CAPITAL GAINS IN CANADA

CAPITAL GAINS IN CANADA The federal election is over. Now that the election is over what is the prognosis of Capital Gains in Canada with the election of the Liberals…