Ring out the old

It must be the Gregorian Calendar that brings the year to a close and instills upon us the hoop-la that accompanies it. Or maybe there is something about a New Year that is a causative, the hope to indulge in new resolutions. Or perhaps it is a sweeter indulgence that accompanies the festivities at this time of year. 

If you are a small business owner a calendar year-end may coincide with your fiscal year-end. And you may be impelled by your accountant and bookkeeper to organize your documents. Now with accounting data in the cloud, we urge you to upload your receipts so that backup documents are available.  

And we affirm yet again that we are here to help you in your bookkeeping, management consulting, personal and corporate tax preparation matters. We specialize in cloud accounting software such as Oracle NetSuite, Intuit QuickBooks Online, Intuit QuickBooks Desktop, Xero. With over twenty-five years of senior accounting experience in Vancouver, Canada, Trusha Desai, Founder & CEO of Trusha Desai Innovation Management Inc. is a Certified Professional Bookkeeper, Certified QuickBooks Online (Advanced) ProAdvisor, and Certified Xero Advisor. Do reach out to CEO@TrushaDesai.com 

And above all, our best wishes to you and yours for 2025. 

#Canadian #Budget for 2025

Seniors and retirees are squished into fixed income #budgets squashed by inflation in all spheres, ranging from groceries to shoes to haircare: do you go on a perennial

AI-generated image of senior in refurbished boots

(this is a home-based hair cut)

diet ~ chowing down on that monogamous potato that will be your best friend, frequent the shoe repairman who will be on first name terms with you, or simply grow your hair … being mindful that shampoos, conditioners, and Morocco oil are not inexpensive … you may run out of pencils while crafting your budget. And then you think, oh! Those craft brew guys have it tough too.

So, does your investment income beat inflation? If it does, have you factored in #Canadian personal income #tax? Do reach out, I can ensure that all credits that are forthcoming are accounted for in a CRA-friendly fashion.

We have not touched on fraudulent swindles that target seniors. We have not seen the tip of the floating iceberg in Antarctica of harassment in all its shapes, sizes, colors, and manners that affect seniors duly termed #ageism.

Small #business is big #business

Are you a #startup? Have you been in business for less than five years? Have you recently hired employees? Did you sink your life’s savings in your business to purchase fixed assets or lease office space?

What do you do when inflation hits your bottom line? How do you forecast your quarterly revenue? What cash flow projections can you make? Small business is affected by lackluster performance of the Canadian economy. However, startups are affected more drastically. For cash and people are the life of a business. They go together. It does not matter whether you manufacture a product, are a distributor, reseller or advertiser. It does not matter whether you are a professional or a courier franchisee. Everyone is affected. And we need to swim. We need to float. We need to go with the ebb and flow of the tide. However, we will not let a tsunami jeopardize us.

Please reach out for your professional #bookkeeping, #payroll, #management #consulting, #strategy, capital #gains, personal and corporate #tax requirements to me ceo@TrushaDesai.com #TrushaDesai.com 

For this will end. And one day, we will wonder how we all did it together. At Trusha Desai Innovation Management Inc., we think outside the box. For strategic powerful solutions to everyday issues, contact me, Trusha Desai (aka Trusha Pandit), Founder & CEO of Trusha Desai Innovation Management Inc. #TrushaDesai.com