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A small business entrepreneur who has just reviewed his balance sheet. January 27, 2023

Entrepreneurs: What Balance Sheet Tells You About Your Business?

No business in this world happens without money. At any given point, an entrepreneur should know his business worth and financial position – strengths…

Advisory
An image of a family business that has been discussing succession planning January 13, 2023

Benefits of Succession Planning for Small Business Owners

Small business owners often wonder if their businesses will survive without them. Over the years, you’ve poured your heart and soul into the company. It’s…

Estate Planning
An image of a small business owner who is evaluating their professional bookkeeper December 16, 2022

5 Reasons Why Small Business Owners Should Hire a Professional Bookkeeper

Take some time and think about why you became an entrepreneur. Was it to be in control of your business, which you can’t get…

Bookkeeping
An image of a small business owner in Markham speaking with her tax accounting team regarding eligible and non-eligible dividends. December 2, 2022

What’s the difference between eligible and non-eligible dividends?

All types of companies pay out dividends. These dividends are a portion of after-tax profits from the business or investment income distributed to shareholders. This…

Tax
An image of two small business owners discussing their Capital Dividend Account with their tax accountant November 18, 2022

What is a Capital Dividend Account and How Can Small Business Owners Use It?

Do you own a private corporation? Then you should know about the capital dividend account (CDA), a special corporate tax account that enables shareholders to…

Business owner
An image of two business partners discussing a holding company they have set up for their small business. November 4, 2022

The Pros and Cons of a Holding Company for your Business

If you’re a business owner looking to protect and grow your assets in Canada, you might have considered a holding company for your business. A…

Business Consulting
An image of a small business owner being paid by check his salary or dividend amount October 21, 2022

Is it better to take a salary or dividend from my business?

You might be both an investor and an employee of your business. Whether to take a salary or a dividend from your business tends to…

Tax
A small business owner in Markham reviewing their corporate investment income October 7, 2022

What you need to know about taxes and corporate investment income

Many businesses and corporations have different sources of income. For example, apart from their active companies, corporations may have other subsidiaries or investment holdings that…

Tax
An image of several vehicles for sale at a car dealership in Markham September 23, 2022

Financing versus leasing a vehicle

You might be debating between leasing or financing a car when looking for a new car. When deciding between financing or leasing a new vehicle,…

Business owner
An abstract image of a financial consultant in a Management Company September 9, 2022

How Management Companies Help Small Business Owners Improve Performance

Running a business is no child’s play. An entrepreneur wears many hats in marketing, accounting, human resource, operations, and management. You may hire employees to…

Cloud Accounting Financial Advisory

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