This web page describes the paper work and other steps that a Canadian household should take to be able to rent a nanny or different caregiver. The data is supplied by a CGA.
In easy phrases, accounting entity separates one business unit from another and in addition separates the enterprise and the group from the owners. The accounting entity principle states that even when the enterprise is owned by a sole proprietor, his/her private dealings and transactions have to be saved separately from those of the enterprise. The accounting entity or authorized entity gives a separate legal identification to the enterprise. This identity allows the enterprise to sue or get sued in its own identify. The accounting entity enables the accountants to determine the financial condition of the business.
In most instances, business house owners are too busy attempting to construct their trades or services to consider promoting their corporations. …