What’s in the Ontario budget? Highlights from the 2022 fiscal plan The Ontario budget is usually one of the most anticipated annual statements of the provincial government. The release of the government’s fiscal plan is the perfect way to get a sneak peek at what the... Accounting News Taxes Jun 22, 2022
PARTNERSHIP: What to Know PARTNERSHIP Partnerships, sole proprietorships, and corporations are the three most prevalent business entities in Ontario. Let’s see in detail what is a partnership and what you need to know when you... Accounting Nov 30, 2021
SOLE PROPRIETORSHIP: What to Know SOLE PROPRIETORSHIP A sole proprietorship is an option if you are the sole owner of a small business. The business is run by a single individual who works alone, frequently referred to as a “self-empl... Accounting Nov 9, 2021
How to Improve Cash Flow? Once you have learned to read the cash flow statement you can apply few tricks to improve the cash flow. LET’S TAKE A LOOK! 1. Maintain your books up to date If you own a business where cash flow is c... Accounting Oct 19, 2021
What is the Business Cash Flow? Cash Flow Definition As the name suggests, cash flow is the process through which cash and equivalent assets are in and out of a business. Cash expenditures are divided into three categories: operatin... Accounting Oct 5, 2021
How much is the Cost of Payroll? The hiring of the first or additional employee is a strong indication of business expansion. It’s all too common for small companies to underestimate the expense of employing a new employee and the pa... Accounting Sep 21, 2021
When Do you Have to Register a GST/HST Account? You must create a GST/HST account If you earn more than $30,000 in four calendar quarters, whether they are partnerships or corporations. Every Canadian Business owner is obliged to disclose business ... Accounting Sep 7, 2021
What is a Corporate Minute Book? What is a Minute Book? A corporate minute book is simply a collection of all company records, such as the articles of incorporation, that are accessible to the corporation’s shareholders and creditors... Accounting Aug 25, 2021
How to Start a Business in Canada What is the Best Way to Start a Small Business in Canada? Opening a business in Canada can take a lot of energy and can be expensive on a mental, physical but above all monetary level if you do not ha... Accounting Aug 10, 2021
Collecting powers of CRA vs. Bankruptcy COVID-19 has left businesses on the edge of bankruptcy, and it gets even more difficult if you owe a debt to the CRA. This agency has precise collecting power processes that start with a notification ... Accounting Jul 28, 2021
Advantages of incorporating your business Important to know when you should incorporate a business, it has more advantages than downsides to help you with your business journey, especially if you do it before signing contracts, hiring employe... Accounting Jul 14, 2021
Top 6 Reasons to Adopt Cloud Accounting Solutions Small businesses that still manage their accounting in a traditional way can find themselves in tedious tasks, transcribing each transaction and making them available for everyone at the company. This... Accounting Jun 29, 2021
