Debits & Credits is deeply committed to community here in and around Barrie. We have a strong makeup of small business owners and individuals here who work hard and have done a stellar job looking after one another during this time. Inspired by this community, our team has been working hard to provide the best…

We are pleased to announce that we have moved our office from Downtown Barrie to Uptown Barrie effective October 31, 2016. Since we’ve been bursting at the seams for space for a while, our new office is a beautiful and larger space. This will give us more breathing room to serve you better and is easier to…

Debits & Credits Accounting & Bookkeeping was pleased to be a part of the 2016 Rainbows Gala in which EVERY PENNY raised at this event was used for Rainbows for All Children Canada-the largest non-profit organization committed to helping children and teen grieve and grow after loss. (www.rainbows.ca).  The Gala took place on May 14th…

Do you know how to setup your accounting software for your business? Many businesses get their new software package and install it on their office computers immediately but do you know how to setup the accounting software properly to gain maximum value? We at Debits & Credits can help you get your accounting software setup…

At Debits & Credits, we specialize in accounting and bookkeeping for dental practices. 3 Big Reasons we think we are a better dental bookkeeper than your current service. – We offer services your current bookkeeper/accountant probably doesn’t so we can help make sure you are on track to meet or exceed your industry averages, keep…

If you’re starting up a new company or fairly new, you may not have an accountant or bookkeeper in your hired staff.  Accounting vs Bookkeeping is the question! You are wanting to concentrate on running your business and not having to worry about the books but you know you can’t put off.  So should you…

With Christmas and New Year’s quickly approaching, it’s that time of year where most businesses would be filling in those last shipping orders, taking care of receivable and payable matters, closing out deals or preparing/completing their year-end. While some owners may be happy with their profit margins and productivity from their teams, are those owners…

As the year is coming to a close, it is a good time to gather your paperwork and organize receipts so you aren’t rushing to do this for your next tax return in the new year.  I have been preparing income taxes over the past three seasons and while that may not be a long…

There are so many competing demands for our money because we have to decide where and how to invest it.  A TFSA is something to consider.  You then have to take into consideration the rate of return, timing, frequency, limits, fees, taxes and other investments, like RSP’s.

I recently worked on a client who needed his 2014 tax return filed but was involved in a complex situation concerning his separation agreement with his ex-wife.  They had split up in 2013 and had both children (under at the age of 18) living with both parents separately 50% of the time.  The CRA rejected…