by admin | Mar 9, 2021 | Accountant, Accounting Tips, Bookkeeping, Small Business, Tax Accountant, Tax Tips, Taxes
CRA Audits Do Happen The words Canada Revenue Agency (CRA) and Audit separately can already make people break out in a sweat, but put them together? I don’t think anyone is ever thrilled to hear that they are going to have to go through a tax audit! However, as an...
by admin | Feb 9, 2021 | Accountant, Accounting Tips, Bookkeeping, Checklists, Tax Accountant, Tax Tips, Year End
As you get all your paperwork organized for tax season, here is a comprehensive list of things to consider when preparing your company’s financial information for your accountant: Have your bank accounts and credit cards been reconciled? Have you looked at your...
by admin | Oct 9, 2020 | Accounting Tips, Bookkeeping, Business Advice, Business Strategy, Entrepreneur, Financial Advice, Investments
A Financial Forecast/Budget Will Provide You With All The Data You Need To Make Important Decisions Budgeting and forecasting are great ways for every entrepreneur to set out goals and targets for their business. As an accountant, I love numbers, I love the stories...
by admin | Mar 29, 2018 | Accounting Tips, Small Business, Tax Tips
Incorporating a small business in general can provide some tax advantages such as: access to the small business deduction a potential deferral of taxes if profits are kept in the corporation access to the capital gains exemption on sale of qualified small business...
by admin | May 31, 2017 | Accounting Tips, Saving
Sleep on decisions Avoid making impulse purchases by promising that you will sleep on the decision. Set a limit. For example, you could tell yourself that any purchase over $200 requires 24 hours of decision making. Make mindful decisions Take a step back and make...
by admin | Jan 19, 2017 | Accounting Tips, Bookkeeping, Entrepreneur, Mompreneur, Self-Employed
A meal or entertainment expense can be a number of different things. This type of expense can include activities like, dinners, lunches, drinks after work, coffees, going to a live performance, the opera, ballet, sporting event, office Christmas party, etc. However,...
