With tax season around the corner, the fear of a potential audit is creeping in for many business owners. That unease can be squashed with just a few steps designed to reduce the chances of being flagged by the CRA. One of those steps is ensuring that your tax return includes a completed Schedule 50.
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With tax season around the corner, the fear of a potential audit is creeping in for many business owners. That unease can be squashed with just a few steps designed to reduce the chances of being flagged by the CRA. One of those steps is ensuring that your tax return includes a completed Schedule 50.
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When it comes to accounting and finance, numbers are the map of everything. One number, in particular, commonly finds the spotlight—the number 12. It’s particularly vital to accountants, marking the 12 months in a fiscal year, but beyond that, it plays a key role in some of the most valuable tools for business analytics. Trailing […]
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The holiday season is a time for joy, togetherness, and giving back. But beyond the happiness of giving, charitable donations also come with some tangible financial benefits. Whether you’re personally looking to increase your donations or, as a business owner, are strategizing to align your giving back with your financial goals, understanding the tax advantages […]
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As the year draws to a close, the excitement of new beginnings looms on the horizon. However, before looking back at 2024, it’s crucial to assess your business’ financial health. A well-executed year-end review prepares you for the tax season ahead and sets the stage for future growth. In this guide, we’ll walk you […]
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Starting a new business is thrilling, but amidst the excitement, there’s a crucial aspect that requires your added attention: bookkeeping. Proper bookkeeping is not just about tracking numbers; it’s about laying a solid foundation for your business’ financial health and stability. In this guide, we’ll cover the basics of bookkeeping and accounting to help you […]
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In the world of business, numbers tell a story. They reflect a company’s financial health, guide decision-making, and shape strategic planning. While many business owners might feel comfortable managing their finances independently, hiring a professional accountant can offer substantial advantages that contribute to financial growth and stability. Here’s a look at how a professional accountant […]
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Launching a new business requires more than just a great idea; it demands meticulous financial planning and strategic decision-making. Whether you’re diving into the world of tech startups, retail, or general services, understanding the financial landscape is crucial for long-term success. Here’s a comprehensive guide to navigating the financial complexities of starting your own business. […]
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Being an entrepreneur in today’s ever-changing world is difficult enough — now imagine having to maneuver through it blindly. Having the right guidance and a few tips can help set you up for success. Here’s our financial literacy guide for entrepreneurs that will help direct you onto the correct path for your financial growth. Why […]
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As the summer sun beckons, so does the call for adventure and relaxation. But with the excitement of planning a vacation comes the dread of overspending. With a bit of creativity and careful planning, you can enjoy a fantastic vacation without emptying your pockets. Let’s explore some savvy tips to make the most of your […]
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