small business owner

Is It Worth Paying a Bookkeeper for Your Small Business?

As a small business owner, you wear many hats. From marketing your products and services to managing operations, there’s always something demanding your attention. One critical area that can either drive your business toward success … Read more

Are You Unknowingly Part of The Underground Economy?

Every so often, we come across variations of the question: “Can’t I just pay my employees with cash?” It’s a question that taps into the broader conversation about the underground economy in Canada—a sector that, … Read more

man in car

Is My Travel Back and Forth to Work a Claimable Expense?

Small business owners often ask me about what is claimable on their income tax. One that stands out is travelling back and forth ‘to the office’ or ‘to a client site’. If you have a … Read more

family business

Do You Have a Family Member Working for You?

When you are hiring employees, and one of those employees is your family member, did you know they may not qualify for Employment Insurance (EI) benefits? CRA has imposed a rule where employees who are … Read more

woman working at laptop computer

When You Can See the Numbers, You Have Control

A guest post from Linda Daley, a happy client… For a few years, I struggled with keeping up with my small business bookkeeping and accounting. It’s a mess I got myself into very easily and … Read more

woman reading tax return

Salaries and Taxes for Your Small Business – Some Planning Required

Often, as business owners, we don’t want that huge tax bill at the end of the tax season. Some decide they want to just pay themselves a salary so they can pay taxes as a … Read more

woman planning

Starting a Small Business? You Need a Plan!

Have you considered becoming a business owner? It’s always recommended that you understand the need in your preferred industry. This helps you uncover who your completion is and whether a new business can hold a … Read more

woman speaking on the phone

How to Deal with Uncollectable Accounts

It has been a rough year with Covid-19 being the center of attention for not only our personal lives but for small businesses struggling to get back on their feet. Sometimes these unexpected events cause … Read more

renting apartment

One Big Reason to Ensure Your Financials are Up To Date

Many business owners have told me about their challenges with keeping up with their bookkeeping, about constantly being “behind”. No matter if you are a sole proprietor or own a corporation, if you don’t have … Read more

business planning

How Do You Know When To Borrow Money For Your Business?

Following your business plan helps you make decisions about borrowing. You know, that document you created when you first started your business? You never did one, you say? I don’t know how many times I … Read more

Struggling To Pay That Tax Bill Every Year?

Quite often, as sole proprietors, we have the tendency to want to spend what we bring into our accounts. Yes, even someone as disciplined as myself still sees the cash in the account and the … Read more

Bookkeeping Paperwork

15 Tips to Make Your Bookkeeping Paperwork Easier To Manage

Whether you do some, all or none of your own bookkeeping tasks, accuracy depends on maintaining detailed records. Misfiled and lost transaction records can cost you money because (a) legitimate expenses incurred may not be … Read more