Accounting

An image of a small business owner in Markham who is struggling to keep up with his business by using Excel as his main accounting software June 18, 2026

Is Excel Slowing Your Business Time to Upgrade to Accounting Software

For most new entrepreneurs and small business owners, Excel is the go-to place for managing their business finances due to its ease of use, affordability,…

Accounting
An image of a lawyer in Markham who recently spoke with their accounting team about trust accounting for the law firm April 16, 2026

Why Do Law Firms Need Trust Accounting?

Working in a law firm is very different than working as a doctor or accountant. You represent your client and handle your client’s money, the…

Accounting
An image of a small business meeting in which they are discussing their shareholder agreement February 5, 2026

How Can Business Owners Use Shareholder Loans Efficiently?

Every company begins with funds that the business owner injects into it. You use your savings to meet business expenses. A good bookkeeping habit is…

Accounting
An image of a farm in Durham Region that has just insured their crops against Farm Losses July 17, 2025

Everything Farmers Should Know About Farm Losses

The agricultural business is different from other businesses, as all its revenue is skewed toward the harvest season. If the crops are destroyed due to…

Accounting
An image of a small business accountant discussing the business of agriculture with her client in Durham region June 19, 2025

How Accounting and Taxation Works for Agriculture?

Agriculture, be it farming or fishing, is a business. It earns money by selling goods. However, the nature of its operations is unique in many…

Accounting
An image of a young startup company based in Markham Ontario May 22, 2025

Startup 101: Having an Accountant by Your Side Has Its Benefits

So, you’ve got your startup off the ground, maybe it’s just you and a co-founder working out of a shared office space or from your…

Accounting
An image of an accountant reviewing their clients capital dividend options. October 10, 2024

How a Capital Dividend Account Works?

As a small business owner, you can withdraw money from the business either as salary or dividends; both are taxable income. But what if…

Accounting
An image of a desktop with some Canadian money below a calculator July 11, 2024

Why Should Every Entrepreneur Know How To Do Cash Flow Analysis?

Cash flow tells you how much money comes in, goes out, and from where it comes and goes. Cash flow analysis doesn’t tell you if…

Accounting
An image of small business owner reviewing their retained earning. May 9, 2024

What Retained Earnings Mean for Your Business?

Profits are a key motivation for any for-profit business. Many business owners feel that sales growth and profitability make their business successful. But when…

Accounting
An image of a small business owner meeting with their advisor to discuss both their personal and business accounts. March 7, 2024

How Can Small Business Owners Separate Business Accounts and Personal Accounts

Every business starts as a sole proprietor or partnership before expanding to an office and corporation. When starting a business, you must learn administrative, financial,…

Accounting

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