Blog

Two small business owners working together in their small coffee shop in Markham Ontario September 5, 2024

Things to Consider When Determining the Price for Your Services

If you are a first-time entrepreneur or small business owner, Congratulations! You have just stepped onto the next exciting – and, for many…

Business Consulting
An image of a T4 Tax Slip August 29, 2024

Understanding T3, T4, T4A, T5 Tax Slips and Their Use in IT Filing

The Canadian income tax system works on self-assessment. The Canadian Revenue Agency (CRA) requires taxpayers to report their world income from all sources…

Tax
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…

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…

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…

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…

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