Do Sole Proprietors Need a Business Number?

Do sole proprietors need a business number? You need a Business Number (BN) if you are a Sole Proprietor or in a Partnership and you require what the CRA refers to as “”Program Accounts””. Program accounts include GST/HST, Payroll, and Import/Export accounts. Read more on turbotax.intuit.ca One of the most common types of business ownership … Read more

Webflow: Everything You Need to Know

Is Webflow on AWS? Hosting Webflow Site on AWS S3 + CloudFront + Route53 (Low cost and high availability) Using Webflow hosting will be an easier and cleaner way to work on your website. If not, this process of hosting on AWS should take a maximum of 2-3 hours if you are proficient with Amazon … Read more

The Origin of the Name “Pair of Tweezers”

Why is it called a pair of tweezers? Read more on en.wikipedia.org Have you ever wondered why a pair of tweezers is referred to as a “pair”? Tweezers, after all, are made up of just one tool, not two. The origins of the word “pair” hold the key to the solution. Its root is “paria,” … Read more

Can an S Corp Use Cash Basis Accounting?

Can an S corp use cash basis accounting? As an S corporation, you can use either the accrual or cash accounting method if you don’t keep an inventory. If you maintain an inventory, you have to use the accrual method. The IRS considers an inventory to be items you produce, purchase or sell to generate … Read more