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 | Jan 18, 2021 | Tax Accountant, Tax Tips, Taxes
Last Updated: January 18, 2021 As businesses compile their paperwork for this year’s tax season, I’ve put together a detailed and up-to-date list of some new and important things to consider when preparing your Corporation Income Tax Returns for 2020. After all, this...
by admin | Jan 7, 2021 | Tax Tips
Last Updated: January 7, 2021 Happy New Year! It was so nice to see the back end of 2020. As an accountant specializing in tax compliance, 2021 is going to be an interesting year. With all of the different government initiatives that were handed out last year, we...
by admin | Dec 7, 2020 | Self-Employed, Small Business, Tax Accountant, Tax Tips
If you’re a small business owner (or someone who is self-employed) and are wanting to improve your bookkeeping habits so that you don’t feel so anxious every tax season, this post is for you. Here are my top three recommendations based on conversations I’ve had this...
by admin | Nov 10, 2020 | Business Strategy
Written by Dayna Holland with the help of Elizabeth Mah There are many reasons why a company may consider restructuring its business. You may want to create a way for your employees to buy into your company or you may want to freeze your wealth and hand down 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 | Aug 5, 2020 | Bookkeeping, Business Advice, Business Strategy
As the owner and director of a small accounting business, I think that there is definitely a way in which bookkeepers, accountants and business owners can support one another while working together at an organization. While an individual can be both an accountant and...
by admin | Jul 8, 2020 | Uncategorized
The Canada Revenue Agency has the right to audit you, whether you are an individual, partnership, trust or corporation. This also includes charitable and not-for-profit organizations. The purpose of an audit is to ensure that you have been complying with the laws set...
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...
