Business Services
Need help navigating the complexities of your accounting, taxes, and financial strategy on your own? Discover our range of services to help with your business needs.

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Business Services

Frequently Asked Questions
Have another question? Email us at admin@bennettassociatesllp.com
What’s the difference between accounting and bookkeeping?
Bookkeeping involves recording daily transactions, while accounting interprets, classifies, and summarizes financial data for reporting and decision-making.
How often should I update my books?
Regular updates—monthly or quarterly—ensure accurate financial insights and compliance.
Does Bennett & Associates assist with cloud-based bookkeeping?
Yes, we support various cloud accounting platforms for real-time financial tracking.
What is a Fractional CFO, and what services are included?
A part-time CFO providing high-level financial strategy and oversight on a flexible basis. Typical services include: budgeting, forecasting, financial analysis, cash flow management, and much more.
When should I consider hiring a fractional CFO
Ideal during periods of growth, fundraising, or when needing strategic financial guidance without the cost of a full-time CFO.
What is a Quality of Earnings (QoE) report, and what does it entail?
A detailed assessment of a company's financial health, focusing on the sustainability and accuracy of earnings. Including analysis of revenue streams, expense quality, accounting policies, and potential financial risks.
Who needs a QoE report?
Typically used by buyers, investors, or lenders during mergers, acquisitions, or significant financial decisions.
What types of business structures can I register and what information is required?
At B&A, you can register sole proprietorships, partnerships, corporations, and cooperatives. We will require your business name, address, ownership details, and a description of your business activities.
Do I need to register federally or provincially?
Depends on your business scope; we can advise on the best option.
What payroll services do you offer?
Salary calculations, tax deductions, remittances, T4/T4A slips, and Records of Employment (ROEs).






