What Expenses Can I Deduct?
As a business owner, it’s important to understand what expenses you can claim as deductions on your taxes. These deductions can help lower your overall tax bill, but it’s important … Read more
accounting
Starting Vs. Growing a Business
Most company founders are good at the first stages of entrepreneurship. But in the phases that follow, they may only be average. Just because you have a knack for starting … Read more
CRA My Account vs My Business Account: Key Differences
The Canada Revenue Agency (CRA) offers several online services to help individuals and businesses manage their tax affairs. If you’re a business owner or self-employed individual in Ontario, you may … Read more
How to sell the “prevention” instead of the “cure”?
To grow a valuable business – one you can sell – you need to set up your company so that it is no longer reliant on you. This can be … Read more
Income Smoothing for Personal Real Estate Corporations
A number of people want to invest in real estate, but they don’t want to go through the hassle or risk of buying a property. If you are one of … Read more
Income Splitting for Personal Real Estate Corporations
Income splitting for Personal Real Estate Corporations is a way for real estate investors to leverage the corporate tax rates in order to reduce their total taxes paid. Income splitting … Read more
How to Create a Recurring Revenue Model That Appeals to Customers?
Have you struggled to identify a recurring revenue model that will work in your business? If so, you’re not alone. Most owners understand the benefits of recurring revenue, such as … Read more
The Build vs. Buy Equation
If you’re wondering what your business might be worth to an acquirer, there is a simple calculation you can use. Let’s call it “The Build vs. Buy Equation”. At some … Read more
How to protect your financial data
Most people know that they should protect their financial data, but many don’t know how. Here at CPA4IT, keeping our clients’ data safe is our top priority. We ensure this … Read more
What is the secret to a successful exit?
Stephanie Breedlove started Breedlove & Associates in 1992 as a way to pay her nanny. The big payroll processors weren’t interested in dealing with one person’s wages and doing it … Read more