Blog

An trained bookkeeper reviewing their clients files in their office in Markham August 8, 2024

Understanding the Importance of Bookkeeping Services in Business

Are you someone who leaves sorting out their tax stuff to the very last minute? No sooner does tax season begin than you make a…

Bookkeeping
An image of a CPA in Markham helping his small business client manager their overhead costs. July 25, 2024

Tips For Small Business Owners to Manage Business Overhead Cost

Businesses often go overboard spending in the early stages, hoping to give the best services or products. They don’t realize they could spell financial trouble if their fixed overhead…

Business Consulting
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 a family reviewing their succession planning advise from their local Markham CPA firm. June 13, 2024

7 Steps To Get Entrepreneurs Started With Succession Planning

The power of an organization is that it continues for generations. What was started by the founder continues to become a multi-national business and sometimes…

Business Succession
An image of a Markham CPA reviewing a small businesses payroll June 5, 2024

How Companies Can Pay Employees on Business Payroll

Every business starts as a partnership or a one-person company. As the business grows, you feel the need to hire employees. While hiring the right…

Bookkeeping
An image of a small business owner selling a property and completing the paperwork May 21, 2024

Understanding the Changes in Capital Gains Rules and Its Impact on Your Tax Bill

The 2024 Federal Budget created a stir among taxpayers, both individuals and the business community. While the details of the legislation have yet to be…

Tax
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 local CPA helping small business owners with their exit strategy. April 19, 2024

5 Common Exit Strategies Entrepreneurs Can Consider When Planning Their Retirement

Have you ever thought about what will happen to your business after you are gone? Sometimes, life takes priority. Maybe a medical emergency or need…

Business Succession
An image of some 2024 Tax documents April 4, 2024

These 2024 Tax Changes Could Impact Your Budget and Tax Planning

It is time to file the 2023 tax before the April 30, 2024, deadline. During this time, we often realize how planning for taxes in…

Tax
An image of a self employed individual on a phone call in her office March 21, 2024

The Tax Difference Between an Employee and a Self-Employed

Starting your journey as an earning member of society with your first job or gig can be exciting. Or moving from a corporate 9-5 job…

Tax