Owning your own business is a dream that many people have. It can be incredibly rewarding to build something from the ground up and see it grow and succeed. However, owning a business is not for the faint of heart. It takes a lot of hard work, dedication, and a certain set of skills to…
Bookkeeping is an essential aspect of running a successful business. It involves recording financial transactions, keeping track of expenses, and ensuring that taxes are filed accurately and on time. As a business owner, you have the option of doing your own bookkeeping or hiring someone to do it for you. In this blog post, we…
As a small business owner in Canada, it is important to understand the tax laws and regulations that apply to your business. This includes knowing what expenses are deductible, how to keep accurate records, and when to file your taxes. In this blog post, we will outline some key things that you need to know…
As a small business owner, it’s important to stay organized and on top of your financial responsibilities, especially as the year comes to a close. Here are some year-end activities you should consider to prepare for your company: Review your financial statements: Take some time to review your financial statements, including your balance sheet and…
The world has changed since COVID-19; maybe for good. People have changed the way they do things. Some people prefer to engage in contactless, over-the-web, services not just because of health concerns; some live in remote areas and may not be able to visit a service provider or business closeby. When it comes to accounting…
I’ve had a number of clients wondering about when they have to file their 2019 taxes and more importantly when they have to pay CRA. I want to make this post as simple as possible for those of you that are wondering. Before we get into it, please note that this post does not cover…