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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…

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…

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…

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…

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…

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…

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…

Tax
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,…

Accounting
An image of a real estate agent who has recently set up her PREC February 23, 2024

Benefits Of Incorporating a Personal Real Estate Corporation (PREC)

Being a real estate agent is equivalent to being an entrepreneur. You have to advertise the property and take care of the documentation, repairs,…

Business Consulting
February 9, 2024

Invoicing 101: Steps To Prepare Your First Invoice

Invoicing for small business owners might look like a small part of the business, but it is important to maintain healthy cash flows. It…

Bookkeeping

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