Nov 16, 2018 | Small Business Accounting, Tax Advisory, Toronto Chartered Accountant
Many small business owners are unfamiliar with the tax changes taking place in 2018, especially the changes related to the refundable dividend tax on hand (RDTOH). What is RDTOH? RDTOH is a tax mechanism used under the Canadian tax system that is built on the concept...
Jul 6, 2018 | Small Business Accounting, Tax Advisory
When running a small business in Canada, most entrepreneurs are savvy enough to know that when revenues (for taxable supplies) exceed $30,000 in any four consecutive quarters, it is time to register for and collect GST/HST. This also means that you’ll need to file...
Jun 19, 2018 | Chartered Accountants Toronto, Small Business Accounting, Tax Advisory
A major concern for Canadian small business owners has been the talk and proposals regarding revised tax rules that the government brought forward in the middle of 2017. While there was a lot of confusion, opposition and unanswered questions at the time, there have...
May 23, 2017 | Small Business Accounting
Having your business evaluated by a Chartered Accountant provides you with an accurate picture of what it is worth in the current market. A business valuation is important for business owners if you are looking to make any changes. Professional Chartered Business...
May 15, 2017 | Small Business Accountant
A Chartered Professional Accountant can help your business grow at various stages. They do a lot more than handle payroll, bookkeeping, and taxes. The financial advice they can provide can make or break whether a business survives or not. A big question small business...
May 9, 2017 | Small Business Accounting
Many businesses could benefit from hiring a CFO (Chief Financial Officer), but unfortunately, most small businesses cannot afford to do so. In this instance, outsourcing a CFO might be the answer. Businesses outsource CFO services when they need a more in-depth...
May 1, 2017 | Chartered Accountants Toronto
What happens if you missed the 2017 tax deadline? The Canada Revenue Agency (CRA) puts hefty penalties on those that file their taxes late. That is why Chartered Accountants always recommend filing and getting started on your taxes as early as you can. However, if you...
Apr 24, 2017 | Small Business Accountant, Toronto Chartered Accountant
An end of the year assessment is important for any company. It is the best way to give you an accurate and updated picture of your company’s finances. There are three types of end of year engagements: audit, compilation, and review engagement. Each differs in terms of...
Apr 17, 2017 | Small Business Accounting, Toronto Chartered Accountant
Tax season is upon us and that means that everyone is focused on gathering their financial data. Filing taxes can be stressful, but the thought of a financial audit by the Canadian Revenue Agency (CRA) can be worse – mostly due to the myths about them out there....
Apr 6, 2017 | Chartered Accountants, Cloud Accounting, Small Business Accounting
For the past couple of years, Intuit’s QuickBooks Online has been dominating the accounting software market and have also become a household name with a reputation for reliability. It has only been recently that competition has started to arise. Xero has quickly...
