The Risk of Timing the Sale of Your Business
Introduction: When it comes to selling a business, many entrepreneurs try to time their exit based on external economic factors. They hope to sell their business at the peak of … Read more
taxes
Medical and Charitable Expenses
As tax season approaches in Canada, it is important to start organizing all of your receipts for expenses in the previous year. This will not only help you claim all … Read more
Effortlessly Log Your Business Miles with QuickBooks Online’s Mileage Tracker Tool
QuickBooks Online includes a mileage tracker feature to assist businesses in keeping track of their vehicle expenditures for tax reasons. The Canada Revenue Agency (CRA) in Canada permits companies to claim … Read more
Personal Tax Season is Approaching: Time To File Your Taxes
Tax season is quickly approaching. It’s crucial to start organizing and gathering all the required paperwork as the deadline for submitting your personal tax return is April 30. This guide … Read more
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
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 set up a holding company in Canada?
What is a holding company? A holding company is a type of corporation that owns other companies’ stock. It is usually used as a way to manage and control a … Read more
When is the right time to transition to a new accountant?
Transitioning to a new accountant can be a very tricky decision to make. However, it is completely normal to outgrow your current accountant and move on to someone who understands … Read more
Importance of Bookkeeping?
Bookkeeping is the process of recording and storing financial transactions. Transactions are typically recorded in a bookkeeping system, which can be either paper-based or electronic. The goal of bookkeeping is … Read more
How to pay yourself as a business owner?
If you’re like most people, you probably don’t know how to pay yourself as a business owner. Being a small business owner, it’s important to know how to pay yourself. … Read more
