Blog

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
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, and…

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 is…

Bookkeeping
January 26, 2024

Consulting 101: Are Tax Consultants Different from Accountants?

Many small business owners often mistake accountants for tax consultants as the former file their tax returns. But there is more to taxes than just…

Tax
January 12, 2024

Considering Outsourcing Bookkeeping? Here’s What Small Business Owners Can Expect

Every small business owner is also an expert juggler, to begin with. From owner to CEO to CTO to salesperson – you wear several hats…

Bookkeeping
December 15, 2023

Situations Where a Tax Expert Can Save The Day

Be it business, personal assets, income, or inheritance, tax is a part and parcel of every transaction. While you must pay tax on most transactions,…

Tax
December 7, 2023

New Business Owners Guide: Day 1 of Keeping Books of Accounts

As a new business owner, you have done a lot of homework and research before taking the big step. Day 1 is when you will…

Bookkeeping
November 16, 2023

Hospitality Sector: What You Should Know About Withholding Tax On Tips and Gratuities 

Every sector has its benefits and challenges. In the hospitality sector, tips are a way of showing appreciation for the service offered. Be it a…

Accounting
An image of a small business owner who is considering outsourcing bookkeeping to their local CPA firm in Markham November 3, 2023

How Outsourcing Bookkeeping Services Could Help Boost Your Small Business

What’s the one thing all small businesses have in common?  The ambition to grow bigger and better. Going from small to big is exciting but…

Bookkeeping
An ariel view of a neighbourhood in York region GTA October 20, 2023

Things Small Business Owners Should Consider Before An Estate Freeze

As a small business owner, you set up a business, make investments, and build an estate so you reap benefits throughout your lifetime and your…

Estate Planning