Blog

An image of two small Toronto business owners meeting with their Markham CPA to discuss whether or not they should consider setting a Holding Company? October 5, 2023

When Can Small Business Owners Consider Setting Holding Companies?

Small business owners think about growing their businesses and protecting their assets from heavy taxes and business risk. They work with business and tax consultants…

Business Consulting
An image of a small business owner reviewing exit strategies with another team member. September 19, 2023

Considering Retirement? 5 Ways To Exit Your Business

Many small business owners focus on starting, expanding, and sustaining their businesses for the long term. While these are important, one more thing you as…

Business Consulting
An image of a small business bookkeeper in Markham Ontario September 8, 2023

Small Business Bookkeeping Made Easy: Essential Tips for Canadian Entrepreneurs

Small businesses are critical to Canada’s economy, making up a staggering 98.1% of all employer businesses in the country. These businesses…

Bookkeeping
A self Employeed business person sitting in her vehicle with her golden lab. August 18, 2023

Understanding Tax Obligations for Self-Employed Individuals in Canada

Be your own boss. Work from anywhere in the world. Flexible work in your own time. Get paid to do what you love. Whatever your…

Tax
An image of two small business owners in Markham who are discussing their common accounting mistakes August 4, 2023

Six Common Accounting Mistakes Canadian SMEs Should Avoid

Managing the finances of a small or medium-sized enterprise (SME) in Canada can be challenging. As owners, you juggle many priorities, from finding new customers…

Accounting
An entrepreneur doing a competitive analysis for her start up. July 21, 2023

How Can Start-Ups Do Competitive Analysis

Setting up your business and getting noticed in any industry or market is challenging as a start-up. But going beyond surviving to thrive needs…

Business owner
An Entrepreneur giving gifts to her staff July 7, 2023

Entrepreneurs: The Tax Implication of Giving Gifts to Clients and Employees

You give gifts for many reasons, sometimes as a token of appreciation, sometimes to celebrate holidays and birthdays, and sometimes to say thank you. In…

Tax
TFSA or RRSP June 23, 2023

TFSA or RRSP – How should business owners approach saving for retirement?

If you are self-employed or own a business that you work full-time, saving for retirement can be challenging. Alongside focusing on business growth, you should…

Financial Advisory
An image of an entrepreneur reviewing some tax tips with his local Markham CPA June 9, 2023

Tax Tips for New Entrepreneurs

Whether you’re working on a new business full-time, starting a new side hustle or business, or navigating the world of freelancing, making sure you are…

Tax
An image of a small business owner in Toronto who just was advised on what accounting system to use for their small business May 19, 2023

5 Steps for New Businesses to Set up an Accounting System

Good accounting is the foundation for the financial success of a business of all sizes. Efficient accounting systems help you keep track of your income…

Accounting