Mar 30, 2017 | Toronto Chartered Accountant
Everyone’s worse nightmare is to get audited by the Canada Revenue Agency (CRA). There are multiple reasons why you may have been chosen for either a personal or business audit. However, the best thing to do when you are hit with an audit is to comply, be honest, and...
Mar 9, 2017 | Small Business Accounting
If you run a small business you have probably been faced with the dilemma of whether or not you should hire an accountant. Often times, small business owners will try to handle everything themselves. Some people would rather hire a Chartered Accountant just for tax...
Feb 21, 2017 | Toronto Chartered Accountant
For the past couple of years, people have been falling victim to the CRA scams. No, the Canadian Revenue Agency isn’t scamming people out of their money. Rather, people are pretending to be the CRA to scam others out of money and sensitive information. It is easier...
Feb 14, 2017 | Toronto Chartered Accountant
Both your business and personal finances can benefit from hiring a Chartered Accountant. However, not all accountants are the same. You might be wondering what you should be looking for when selecting the person to help you manage your financial data. Look for the...
Jan 24, 2017 | Chartered Accountants, Small Business Accounting
If you own a small business that has been incorporated, you have a few options when it comes to how to pay yourself. The two main options are either salary or dividends. Each payment method has advantages and disadvantages so we have compared the two for you. Salary...
Jan 16, 2017 | Small Business Accounting
Taxes can be stressful, but a lot of this stress can be avoided by simply filing your taxes early. These are just a few of the many benefits to filing early and avoiding the last-minute tax season rush. More Time to Pay Your Taxes This is especially beneficial if you...
Jan 12, 2017 | Cloud Accounting
Bookkeeping is one of the most stressful parts of owning and operating a small business. There is a lot to keep track of, and the possibility of making a simple, but giant mistake, can cause anxiety. Doing accounting yourself for your small business can be...
Jan 9, 2017 | Small Business Accounting
An income tax audit is everyone’s worst nightmare. Whether you are filing business or personal taxes, the threat of an audit from the Canada Revenue Agency (CRA) hangs over everyone’s head. As a small business, your chances of getting audited increase...
Jan 4, 2017 | Small Business Accounting
Running a small business has its challenges: managing everything from clients to vendors, staff, computer systems, bills, cash flow, and the list goes on. Of course, every entrepreneur and small business owner wants their company to be successful, but it can be...
Dec 16, 2016 | Tax Advisory
If you are not familiar with tax-loss selling, the concept is simple: sell the stocks that you own, which are currently at a loss position, to generate a capital loss for tax purposes. This capital loss can be used in the current period to offset capital gains,...
