Alberta versus BC

Many clients tell us they plan to move BC because of the warmer weather but there are some things that they should keep in mind. Although Alberta and BC have equal small business corporate tax rates of 12%,  Alberta is still the rational choice for your headquarters.

Alberta’s differences over BC:

  1. Higher GDP with an economy size comparable to Finland vs. BC’s economy which is comparable to Romania. In 2017 Alberta grew at twice the rate of BC
  2. More than twice the exports as BC
  3. Alberta is less dependant on oil (a real resource) than BC is dependent on real estate (over-valued)
  4. Higher incomes
  5. No provincial sales tax, no provincial health-care premiums (BC’s monthly premium rate), least expensive motor vehicle licenses and permits, which all mean that in addition to higher incomes and lower cost of living, Albertans have more disposable income to spend on your business.
  6. Personal tax advantages to earning non-eligible dividends at $60,000 in a family.
  7. Alberta has no probate fee. However, in BC, where the gross value of all your real and personal property in BC subject to probate doesn’t exceed $25,000, there is no probate fee and where the gross value DOES exceed $25,000, the probate fees are:

    0.6% of the portion of gross value over $25,000 up to $50,000 and 1.4% for the portion of gross value over $50,000 (Example: $8,900 total probate fees if your gross value is $650,000)

  8. There is a property transfer tax (PTT) in BC. You are charged this transfer tax when you make changes to a property’s title. This tax is based on the fair market value of the land and improvements the tax is: 1% on the first $200,000, 2% from $200,000 up to $2,000,000 and 3% on the value greater than $2,000,000.  (Example: Fair market value of $650,000 property = $11,000 PTT payable)

Edmonton’s advantages over Calgary

  1. While there is money to made from the bigger population of BC, it isn’t worth the headache compared to dealing with a demographic with higher disposable incomes.
  2. Edmonton has a well-balanced economy: Petrochemical industries (reserves second only to Saudi Arabia), technology sectors -AI, nanotech, financial centre (Canadian Western Bank, ATB, Servus, TD, Manulife), retail: The Brick, Katz Group, AutoCanada, Boston Pizza, Pizza 73, Liquor Stores GP, Shaw Communications, Booster Juice, Earl’s, Fountain Tire
  3. Edmonton’s University of Alberta tops the schools in Calgary, so this will always help Edmonton’s real estate.


Math Hacks for Your Business


Due to mathematical clustering and conformity, the closer you are to your highest-grossing competitor, the more likely it is you will get half their customers upon opening. If you follow the rest of the advice in this blog and have multiple sources of income, to begin with, you ride out the zero-sum game until you are the only one left.

Your competitor’s revenue can be estimated by multiplying their traffic and their average ticket price.

Is it worth hiding cash/claiming questionable expenditures?

Risk<Reward x Probability of getting caught

In 2018, the answer is a clear NO.  The reward (~20% combined income & sales tax saved on underreported income) is far less than the risk (100% penalty of the taxes evaded + the taxes) multiplied by the high probability of getting caught by the Canada Revenue Agency’s advanced algorithms. Your accountant should be able to tell you which of your financial ratios/metrics would flag your return for a limited review.


the estimated benefit x the probability of gain = value of the transaction

You must take the chance of a 100x return if you had a 1/10 chance of success.  So if you have a 1/10 chance of something that would make you $100,000 better off, the value of the trade is $10,000.  For this reason, it is worthwhile to understand the underlying technology of crypto assets.   As an exercise, I  even built my own blockchain in Python.

For crypto assets, it is fairly common to have a 10% chance of a 100x return. Even at only $10,000, the value of the trade is $1,000. Even if you value your time at $500/hour, it will take less than 2 hours to set up your accounts on Kraken/Binance and begin buying.

In contrast to crypto investing, due to the normal distribution Brownian function of the stock market, unless you are “playing” with enough money it is often not worth your time.  If you lose 25% you need to gain back 33% just to break evenIf you are young, you are better off dollar cost averaging into CIBC’s balanced index fund (the one without the S&P 500) and anyone would benefit by loading up on small caps after a crash.



How Much Does Bookkeeping Cost?

My billing over the past 10 years was tiered based on income levels: $380K, $880k, $1.5 million, $6 million.  The new billing is based on expenditures processed: more expenditures means more transactions to process, review and more after-work in terms of CRA compliance.

This move is also in response to CRA’s increased audits of different expense account and industries.

If you are going to do something, do it as best you can. There is no sense in working 30 years, sacrificing your health and time with your children if you can make the same money in 10.

Efficiency is only important when a resource is scarce.  As a young person with a whole lifetime ahead, money was the priority. As we get older, time and attention is the priority. (Attention is important, for example, Spending 1 hour QUALITY time with your kids, interacting with them and reading to them is much better than spending 2 hours with them in front of the television)

Its an inefficient use of time to advance your wealth beyond a certain point since money eventually becomes perpetual (ie living off 7% returns on $3 million).

We all should maximize our limited time left on earth and improve our craft each day.  Office workers are not capable of more than 5 hours of focused deep work each day.  The best way for me to improve is to work with big numbers on limited accounts. Big numbers mean the errors of others would compound to adversely affect my customers.

Businesses that revolve around E-commerce, beauty/aesthetics, food/health are all great businesses that could effectively give you $20,000 or more a month in after-tax income and being in Alberta, there is still some opportunity left in the oil/pipeline sector as well.

Keeping in mind, Pareto’s principle aka the 80/20 rule, 80% of the effects come from 20% of the causes and in our case, 80% of the inefficient use of time comes from 20% of the customers. By refusing service to companies that do not use their time and resources efficiently guarantees we don’t have to lose time with audits. This, in turn, gives us more time to spend with our valued clients.

The all-inclusive flat fees including GST are as follows:

$8,800    Industry: Annual expenses over $1 million
$7,100    Enterprise: Annual expenses between $450k and $1m
$5,600    Venture: Annual expenses between $200k and $450k
$4,700    Boutique: Annual expenses between $100k and $200k
$3,900    Micro: Annual expenses less than $100k
$3,200    Startup: No payroll & revenue below $380k

Save 1 free month of bookkeeping for every new client you refer to us.  Your referral will also get 1 free month of bookkeeping and you’ll receive a thank-you for introducing them to a service that at a cost of 1% or less, legitimately reduces the 3 sources of negative cash flow that matter (taxes, payroll, and housing) by 3-30%.  If you have those 3 sources of negative cash flow figured out, leasing a Benz for $1,000 /month really can never make a difference.

The Best Way to Deal with Minimum Wage Increases

One month from today minimum wage increases from $12.20 to $13.60 and next year it will be $15 per hour.

This will have a detrimental effect on many businesses. Many businesses will suffer worse margins and less profit, here how to do the OPPOSITE:

Don’t increase prices

Your choice is the same as everyone else: less employees or less profit.  The only way to maintain your current margins is working with fewer people. In a restaurant example, if your food costs as a percentage of sales are already low vs. industry benchmarks, increasing your prices with respect to food costs would be bad for you.

Change payroll practices

We have worked with customers in various industries to prepare them for the minimum wage hike since late 2015: normalizing 5-hour shifts and eliminating people who work less than 50% (100% being 40 hours per week). Fewer people means considering appropriate times to do prep work (pre-portioning, mixing etc) to mitigate the busy times with fewer people (even if it is only 1 less person). Also, this means getting the fewer remaining staff – personable kitchen staff, for example, to help with guest service. A more radical/specialized change in restaurants is conveyor ovens.

5-hour shifts

I have been so impressed with the improvements our restaurant customers have made, effective Aug 1 our own office enjoys 5-hour shifts. Shifts under 5 hours, employees are not entitled to any breaks.  Breaks during the typical workday are not used to re-energize or restore attention. The end goal of efficiency is to remunerate employees as much as they did when they had 8 hour days, this will, in essence, give them a higher raise than the increase in minimum wage.

Now, most of our customers are no longer concerned about the minimum wage increase since it does not affect them anymore (they pay more than the minimum wage: they hire 2work them like 4 and pay them like 3. This is the same as paying someone an 8-hour wage for 5 hours of work). If you can give them an increase of paying them 8 hours at their “old rate” for 5 hours of work you could go as far as eliminating tipping.

For example, if an employee is currently earning minimum wage at $12.20/hour + tips, if you reduce their shift to 5 hours and reap the same benefits you could afford to pay them $18.30/hour and eliminate tipping. 

($12.20 x 7.5 hours = $91.50 / 5 hours = $18.30/ hour)

The check to make sure you are on the right track is if you pay someone $18.30 per hour, the employee should also “pay the company” at least $36.60 per hour (giving you $18.30/hour as their contribution to overhead). Profit per employee is an important metric SwissBooks will track for you.

I am confident that in the long run, this is better for Canada, making us a little more like Switzerland etc. where people have a career in every type of work. The work is done with pride, and this will only help your reputation and your business, and the quality of product and service across the board should increase to society’s benefit.

The Most Efficient Way to Run a Business


Our new office hours are Monday to Friday 8am to 1pm. If it is inconvenient for you to drop by during our office hours you can also arrange a time for someone to pick-up your documents after 1pm. (Edmonton area only)

Background and Framework for Efficiency

  1. Focused 5 hour work day: We had the focused 5 hour work day from 2010-2013 and started it again with one employee in March 2017. We have seen first hand that our focused 5 hour work day reduces absences, stress and increases efficiency. Shifts under 5 hours, employees are not entitled to any breaks.  Lunch and breaks during the typical workday are not used to re-energize or restore attention.  In our office’s case, they are spent eating lunch late at our desks in front of the computer, while other workplaces time is lost strolling in late after getting caught in line at Tim Hortons. Back in 2010-2013, as owners, we worked 10+ hour days and we were much more efficient running two employees on separate 5-hour shifts (8am-1pm and the second person from 1pm-5pm).
  2. Unless you are financially independent, you should be working rather than hiring out the work. No one will ever do a better job than you, and no one will ever care about your big picture as well as you. Only farm out things that can be completed more efficiently through unique skills and economies of scale (Accounting, bookkeeping vs. doing it yourself). Due to minimum efficient scale, the cost/technology would not make sense for an individual to specialize in something that is not directly related to their ability to generate revenue.
  3. The most sustainable payroll solution is that if you pay someone $20 per hour, the employee should also “pay you” at least $40 per hour (giving you $20/hour as their contribution to overhead). You have to account for the payouts you are responsible when you have staff: statutory holidays, 4% vacation and eventually termination pay.  Profit per employee is an important metric that our 3rd iteration of SwissBooks will measure and report to you.
  4. Consider converting any full-time staff you have to focused 5-hour shifts. If you are open longer you could consider running back-to-back 5-hour shifts as we did 2010-2013.
  5. Bring efficiency and focus into your life is efficiently articulated in this appropriately titled book: Efficiency: Get Rich Without Giving Up Your Life.  It will also tell you how to start an online business or make money with affiliate marketing.

Dear valued SwissBooks clients,

We would like to inform you of a billing change effective September 1st, 2017.

Since launching THUT Accounting in 2006, our constant improvements equip you with the most innovative accounting solution, which is why this billing change will also support the ongoing development of new value for your business.

The all-inclusive flat fees including GST are as follows:

$8,800    Industry: Annual expenses over $1 million
$7,100    Enterprise: Annual expenses between $450k and $1m
$5,600    Venture: Annual expenses between $200k and $450k
$4,700    Boutique: Annual expenses between $100k and $200k
$3,900    Micro: Annual expenses less than $100k
$3,200    Startup: No payroll & revenue below $380k

Save 1 free month of bookkeeping for every new client you refer to us.  Your referral will also get 1 free month of bookkeeping and you’ll receive a thank-you for introducing them to a service that at a cost of 1% or less, legitimately reduces costs by 3-30%. 

If you do not report at least $90,000 of annual net income and have at least 20% pre-tax margins, then SwissBooks is not helpful and it is not fair to recommend a product that is not going to be tailored to your needs. It may be in your best interests to dissolve your corporation and save yourself unnecessary accounting fees by filing as a proprietor.  Alternatively, the easiest ways to turn it around are either through focusing on either recurring revenue or big ticket item sales. 

We want to thank you for your continued business and we are committed to working with you to help save you money, and help you net $20,000+ a month after-tax in your business.

Christian Thut
Präsident, THUT of Switzerland


Kính gửi khách hàng SwissBooks,

Chúng tôi muốn thông báo cho bạn về thay đổi thanh toán có hiệu lực từ ngày 1 tháng 9 năm 2017.

Kể từ khi mở công ty THUT vào năm 2006, những cải tiến liên tục của chúng tôi mang lại cho bạn giải pháp kế toán sáng tạo nhất, đó là lý do tại sao thay đổi thanh toán này cũng sẽ hỗ trợ sự phát triển liên tục của value mới cho doanh nghiệp của bạn.

Các khoản phí cố định bao gồm GST:

$ 8,800 Industry-Thu nhập lên đến 6 triệu đồng dollar
$ 7,100  Enterprise -Thu nhập lên đến 6 triệu đồng dollar
$ 5,600 Venture -Thu nhập lên đến 1.5 triệu đồng dollar
$ 4,700  Boutique -Thu nhập lên đến $ 880 nghìn
$ 3,900 Micro -Thu nhập lên đến   $ 380 nghìn
$3,200  Startup: No payroll & revenue below $380k

Free 1 tháng lệ phí kế toán cho mỗi khách hàng mới mà bạn giới thiệu cho chúng tôi. Người giới thiệu của bạn cũng sẽ nhận được free 1 tháng lệ phí kế toán và bạn sẽ nhận được lời cảm ơn vì đã giới thiệu họ với dịch vụ với chi phí 1% hoặc ít hơn, mà giảm chi phí hợp lý xuống 3-30%.

Nếu bạn không báo cáo ít nhất 190.000 đô la doanh thu hàng năm và có ít nhất 20% lợi nhuận trước thuế, vậy thì SwissBooks không hữu ích và không công bằng khi đề nghị một dịch vụ
không được phù hợp với nhu cầu của bạn. Có thể là vì lợi ích tốt nhất của bạn để giải thể công ty của bạn và tiết kiệm cho bạn các khoản phí kế toán không cần thiết bằng cách nộp đơn proprietor. Ngoài ra, cách đơn giản nhất để xoay quanh nó là thông qua tập trung vào doanh thu định kỳ hoặc doanh thu bán hàng lớn.

Chúng tôi muốn cảm ơn bạn về công việc kinh doanh tiếp theo của bạn và chúng tôi cam kết làm việc với bạn để giúp bạn tiết kiệm tiền và giúp bạn 20.000+ đô la một tháng sau khi đóng thuế trong doanh nghiệp của bạn.

Trân trọng,
Christian Thut
Präsident, THUT of Switzerland

Best Ways of Thinking Differently

There was an excellent comment in our highly popular post on Choosing Your Market & Pricing. Thank-you “dicky dee” for creating this idea and everything in quotes are his words.

  1. Most people think “follow your passion” is sound advice. Successful people often attribute their success to doing what they are passionate about- it’s just an easy thing to say so they don’t need to waste time answering questions. This makes it about YOU and YOUR passion. No one cares about you and its never about you- it is about others. The sooner you figure this out the better. Providing something that OTHERS NEED will make you a success faster and it is easy to become passionate afterward. No accounting grad is ever passionate about accounting. If they get their face plastered on a fleet of vehicles and have a lead accounting role at a huge company its easier to tell people he followed his passion, rather than he followed the money. I forgot who said this but money is a neutral indicator of value, by aiming to make it, you are aiming to become more valuable.
  2. Most people follow trends. Our feed is entirely #Blockchain and #Bitcoin, should our next focus be in Blockchain? Probably not, dicky dee explains: “it makes it a lot harder to achieve your goals if thousands of other businesses are doing the same thing as you, it would work however if you have a solid way of differentiating yourself from the pack that would be highly advantageous.” Ease of entry is how he describes this “winner takes all” reality we live in where few players enjoy the bulk of the work. Do something no one else thinks of doing. How can you think like this? UNDER-CONSUME so you don’t need to work. Then instead of working, you can think. Most people don’t think anymore- they are constantly doing something, when they aren’t working/driving/yapping, they glance at their phone. Learn to do nothing but think, if you are bored that just means you are boring.
  3. Most people don’t talk about scale and instead focus on operating margins and net worth. Scale trumps margins. If you have scale, margins can decrease and as long as its positive you have a real business. Scaling is not linear and with the right skill set and framework you can go from half a million dollars in debt to “rich” in a couple years.  Read our customer’s great example in the comments section. Scale is relative and can serve anyone to some extent: why have one noodle house when you can have seven? *wink*  “Scaling with using minimal cash flow” is just plain efficiency. Most people are saving $1,000 a year on switching accountants, scarcity mindset tries to protect their net worth. Your net-worth is irrelevant when you are old, asset rich and cash poor. Cash Rules Everything Around Me: seek to maximize your company cash flow, you can spend as much as you want since your net-worth becomes meaningless after you realize having stuff is overrated.
  4. Most people trade their limited time for money. You can never get back time, so with each year of life you live, the marginal “worseness” increases. The piper will be paid, make use of your time now, so you are not wasting exponentially more time in the future. Only trade time for money when you have no money and lots of time on the money-time continuum. With each surplus dollar, you should trade money for time: someone is buying your time every time you look at their advertisement. You can buy time by outsourcing your bookkeeping/accounting. “If your business depends on you to be there instead of hiring out and creating systems and processes then you will never have true wealth no matter how much money you make because you don’t own your TIME and your income is capped off by how many hours you put in.” Leveraging technology has its limitation so how much do you pay someone to replace you? The most sustainable solution is that if you pay someone $20 per hour, they should also “pay you” $20 per hour. If you pay them $20 per hour and they “pay you” $40 per hour you should pay them more or you’ll lose them. And unnecessarily re-doing the hiring process at no gain is an enormous waste of time.

SwissBooks Pro Tip:

“Man muss immer umkehren” is a German saying that the solution to a problem can be clarified by re-expressing it in inverse form. Work backward and reverse engineer your target. A worthwhile target is to clear $1+ million in a year, if not through recurring revenue then at least through selling your business. The latter part is easier so you only need to generate between $200,000 to $333,333 in annual discretionary cash flow to sell your business for a $1 million. But by the time you are hitting those figures, you won’t want to sell anyway since you would have figured out how to scale.

An oversimplified example in online sales would be: you would need 100,000 sales at $10 of profit per sale. Assuming a 2% conversion this would require 5 million visitors, which will cost $500,000. So you need to come up with $550,000 (50K extra to live assuming 1-year cycle).

If you don’t have it – the process continues. You’ll need 55,000 customers in the preceding cycle at $10 profit per sale which assuming the same 2% conversion would require 2.75 million visitors, which will cost $275K. You need to come up with $325,000 (50K to live).

Getting this requires 32,500 sales at $10/sale with 1.625 million visitors which costs $162,500. You’ll need $212,500 (50K to live).

21,250 sales from 1.0625 million visitors costing $106,250. Requires $156,250.

781,250 visits costs $78,125. So if you had $50,000 of startup cash you could make this model work for you in 5 years and the only way to speed it up is by improving your margins or conversion rate, just don’t forget what is important (in this example its volume). Traps: If the cost of producing and delivering your offering is 50% of your revenue – its probably not worth pursuing.

Pour Conclure

SwissBooks by THUT is our 3rd SaaS iteration is aimed to help you strategize the framework to increase 5 metrics and reduce 5 metrics through our 5-step accounting process run by a 5 person team.

Our year-end report will outline the framework to increase: 1 Revenue, 2 Growth, 3 Efficiency, 4 ROI, and 5 Value, while reducing: 1 Costs, 2 Time, 3 Turnover, 4 Risk and 5 Paperwork.  

SwissBooks uses real-time aggregate data to tell you where you stand and how to improve if you are sub-par.

How Other Accountants Decrease Your Taxes

Willkommen to the second article on our series on terrible accountants and what you need to watch out for before they waste your money and time.
The aim is not to harm this Chartered Professional Accountant, this post is only there to give some background information on why clients make the upgrade to SwissBooks and wonder why they have to pay corporate income taxes for the FIRST time after more than 5 years in business. This should also save some unsuspecting business owners the same grief.

 Each time we discuss these details with the clients, they have no idea where his numbers come from.
1. A successful Edmonton Tint Shop The accountant wrote off more than $115, 000 of vehicle expenses in the year the client purchased a brand new Mercedes Benz ML63 for over $100,000. (If you have assets of a business (buildings, equipment, vehicles, etc.), you can ONLY claim a yearly deduction on the depreciation on the cost of these assets, also known as Capital Cost Allowance (CCA).  – As this is a vehicle, the rate is 30% and the first year rule applies = $100, 000 / 2 = $50,000 x 30% = $15,000 versus the $100,000+ that the accountant claimed)
2. A successful Edmonton Nail Salon – 
  • Strangely in the preceding year, the accountant reported sales which are $100,000 less than the debit/credit card terminal payments deposited in the bank.
  • There was also an unexplained $12,437 of vehicle expenses vs. our itemized $1,412 of vehicle expenses 
3. A corporation running 2 Award Winning Restaurants – 
  • Strangely there is nearly $50,000 of unexplained interest expense in the first preceding year, as well as abnormally high and unexplainable amounts in the second and third preceding tax years.
  • Same story with the repairs & maintenance account: we have nearly $11,000 of itemized entries mostly paid by the client credit card. In the 3 preceding years, the other accountant claimed there was more than $36,000, $38,000 and nearly $50,000 of repairs and maintenance.  
  • For EACH of the years in question, nearly $18,000 + $12,000 +$9,000 were claimed as professional fees when the ACTUAL amount paid for the 3 years is less than the accountant’s claim in 1 year
  • The accountant claimed GST on ALL of the food purchases for the restaurant when most foods do not have GST
  • This client pays for his restaurant’s expenses with his Mastercard but the accountant double claimed expenses by recording the expense off of receipts AND THEN also recorded the expense again by claiming the payment to the Mastercard as food purchases.

We have documented every time we tried to get working papers or the accounting ledger.  We look forward to the day he corrects his ways and takes his profession more seriously otherwise we will work with his professional accounting board to make sure he is punished.  (We have already successfully worked with CGA to score a fine against a different Edmonton CGA who was taking client’s cheques written to CRA and making them out to herself)

Make no mistake, these people are cowards and unsophisticated criminals, cheating their customers and the federal and provincial governments. Their designation means nothing when the client signs all this paperwork that they take whole responsibility of the reported numbers.

This is what we call inflating expenses to “minimize” your taxes: fake accomplishment will bite you in the end. Putting your customers at risk by reporting bogus numbers should put you in prison.

We feel sorry for this CPA (and his victims) but need to leave his name here to save time (so we do not have to explain the taxes his former clients need to pay and for his current and potential victims). It is truly a meaningless life when you charge material amounts of money and give nothing to the client in return other than a fake accomplishment, stealing from the government and eventually hurting the client when this catches up to them.  We fired one unsuccessful client who wanted us to help her cheat, only to get a professional courtesy letter from this same CPA, birds of the same feather flock together.

Welcome to SwissBooks
  1. 1. A full ledger is provided that reconciles to your bank and credit card statements showing each accounting entry in a clean layout.
  2. THUT is committed to further extending its market position.  The basis for this is an outstanding reputation.  Clear virtues and principles determine our daily thoughts and actions.
  3. High performance is the value that represents THUT.
  4. Striving for the highest quality, uncompromising customer service, and continuous further development create the common foundation on which we act when working together.

  5. Our credibility is based on the code.  It sustainably shapes our good name with the public, and therefore also our financial success.

  6. Our promise unequivocally says what we stand for and what we deliver.  We put ourselves in our customer’ shoes.
  7. The THUT tradition of commitment – as strong today as through the 19 generations of our state documented history – continue to place the interest of whom we serve before all other considerations.  Niklaus Thut, a Habsburg overlord and now a revered Swiss hero died defending his home.  Before he was killed, he ate the flag to prevent it falling into enemy hands. We will never dishonor our family reputation which stood for over 630 years for any ill-gotten short-term gains.  We will work with you to minimize your tax obligation, preserve and protect assets for future generations.  Accounting is beautiful a series of debits and credits that must balance.  There is no such thing as bad accounting- only bad accountants.

Like all people with no value, bad CPAs should be avoided at all costs.  Join my personal vendetta against all the bad CPAs in Canada that hide behind their designations or hide behind their high fees. Their customers automatically associate authority based on the high fees they charge. Bad CPAs: please start behaving or I will continue throwing punches as usual.

Upcoming topics for bad accountants:
  1. “Investing” under $500,000 in individual stocks: inefficient waste of time. If you could beat my index fund your time is worth more working on Wall-Street.
  2. Franchises: not worth pursuing unless you are the franchisor.

We can’t be responsible for other accountants irresponsibility.  Our responsibility comes from 10 years of delivery quality, completing files on time, servicing memorably and saving our customers’ far more money in taxes than any small price difference.

Share with someone that could use some advice in this post or save some taxes
For every person, you refer we’ll give you a free month or a gift card equal to 1 month of service of your referral – whatever is bigger! Up to $600!
Anyone you refer gets a free month of bookkeeping!
THUT data capture technology extracts data from bank, credit card, and online statements and allows for automatic bank reconciliation – this renders the CPA obsolete.
THUT uses artificial intelligence to locate and extract line item and tax summary data from receipts and exports it into a CSV file.
Cleansing algorithms allow it to extracts transactional data that is 100% accurate.
Send us your prior financials and we will prove to you how our value is unrivaled in Canada.