Tax News
Bookkeeping Basics for New Businesses
ON October 25, 2016Poor bookkeeping is one of the main reasons why many startup businesses don’t go the distance. Maintaining an accurate record of the books provides valuable insight into your current financial situation. It will also help you keep up with the needs of your organization and capitalize on any financial benefits. Proper bookkeeping is not only […]
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What to look for when hiring a bookkeeper
ON October 17, 2016Why Hire a Professional Bookkeeper? You’re a successful business owner, brimming with talent, capable of wearing many hats. But if you lack important bookkeeping skills, your business could be missing out on some huge financial opportunities. So, before you hire someone to take your company to the next level, you need to make sure you […]
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Tax Tips & Traps – Fall 2016
ON October 7, 2016Tax Tips Traps Pdf Format In this edition: Tax Ticklers Some Quick Points to Consider Canada Child Benefit Get Yours Today! Selling Your Business Do It Before 2017? CRA Instalment Notices Do I Have to Pay Them? Looming Life Insurance Changes Changes Hit in 2017 Losing The Small Business Deduction Intercompany Payments Examples of Corporations Potentially […]
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When is it time to hire an accountant?
ON October 3, 2016Entrepreneurs are multi-taskers, taking a DIY approach whenever they can. Why pay for something when you can complete the task yourself? So, it makes sense that many small business owners are reluctant to hire an accountant. But if spending time on your accounting is taking you away from working on your business, you’ll probably want […]
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Tax Advice for Freelancers
ON September 21, 2016Who wouldn’t want to be a freelancer? You get to work where you want, when you want, and how little or much you want. Sounds great! But, keep in mind, all that freedom comes at a cost. With no payroll deducting your income tax, your chances of receiving a refund are pretty much next to […]
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5 Reasons You Should Outsource Your Bookkeeping
ON August 24, 2016Are you interested in benefits of outsourcing bookkeeping? As a small business owner, you have more than enough on your plate. Handling the company website, creating marketing strategies, managing employees, the list goes on and on. And with so many tasks taking up your time, many business owners simply don’t have the luxury to become […]
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5 Tax Tips for the Small Business Owner
ON August 15, 2016The 2016 tax season has come and gone. And like many, you are probably enjoying the summer months, with taxes being the last thing on your mind. However, just because tax season isn’t for some time, it shouldn’t stop you from preparing for next year—especially if you are a time-crunched small business owner. Here are […]
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Tax Tips & Traps – Spring 2016
ON August 3, 2016Tax Tips Traps Newsletter – Spring 2016 (PDF) In this edition: TAX TICKLERS TIPS AND GRATUITIES Employer’s Responsibilities to Withhold CPP and EI WORKING BUT NOT PAYING YOURSELF Employment Insurance Issues CRA SCAMMERS Who is Really Calling? MULTIPLICATION OF THE SMALL BUSINESS DEDUCTION Significant Changes Ahead COMBINED AUDITS OF OWNER-MANAGED COMPANIES Shareholders’ Personal Information CREDIT CARD […]
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Can I Write Off Moving Expenses?
ON August 2, 2016The warm summer season is the perfect moving time for many Canadians. And if you are one of them, you are undoubtedly planning or in the midst of a summertime move. Whether it’s for a new job, to be closer to school, or you are looking to upsize or downsize, there is a host of […]
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How to Pay Yourself as a Small Business Owner?
ON July 25, 2016As the owner of a Canadian small business, you will want to know the different ways you can pay yourself. After all, it’s part of the benefits of the “be your own boss thing,” right? When it comes to enjoying the fruits of your labour, there are a few ways to do this. So, without […]
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