Category Archives: Accountants

Case Study: Outsourcing accounting achieved huge tax savings and growth in Andrew’s companies

tax savings and growth

It had a positive domino effect on his whole business portfolio.

With three companies to run, Andrew’s accounting had become an afterthought. His books were a mess, he felt stressed about surprise CRA audits and he didn’t realize he was paying more than he needed to in tax. Here’s how we transformed his accounting and …

Using QuickBooks Time software to maximize workforce efficiency!

QuickBooks time software

Effectively managing employee time and integrating time tracking data with accounting processes is vital for operational success. The QuickBooks Time app (QBT) offers a comprehensive platform tailored to meet the needs of businesses seeking seamless time tracking, employee management, and integration with QuickBooks Online. Let’s explore the key features and benefits of QBT and how …

When are your taxes due

taxes due dates

With the end of the Financial Year getting closer and closer, we elaborated a recap of when are your taxes due so you don’t miss any deadline!

Different dates apply for each category

Personal Taxes – In Canada, the deadline to file your personal tax return is April 30 of each year.  In 2023, April

Success Story: “It was liberating to hand all the accounting stuff over to Titanium”

Men in front of a car smiling - the smoke bloke

“Unless you are well-versed in accounting, it’s worth your investment to outsource it”.

This is what Mike Taylor of The Smoke Bloke recommends to other business owners who are struggling through doing the accounting themselves.

When we first met Mike he was running The Smoke Bloke on his own. He was the bloke, smoking. After …

How to successfully set up your small business

set up small business

Ready to take the plunge and start your own business? Here are ten steps to successfully set up your small business:

 

  1. Register your business with the province of Ontario. Google “register a business Ontario” – make sure to use the ontario.ca page
  2. Think about setting up your systems for future growth now. It’s easier to

How to pay less personal taxes

how to pay less tax

Are you ready to start to pay less personal taxes? Here’s a summarized guide on how to achieve that.

Maximize your deductions: CRA specifically allows certain deductions to reduce your taxable income and help you pay less tax. The most popular deductions are:

  • RRSP and pension contributions
  • Childcare expenses
  • Moving expenses
  • Spousal support payments
  • Employment

How much debt is right for my business

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A growing business is a business that is usually consuming cash flow. Rapid expansion means investments in development costs, marketing, inventory, and accounts receivable, the time between your investment and receiving the money from your customer can stretch out for months.

Large construction projects can take forever! Additionally, we want to match the cash flow

How to apply for your first bank loan

two businessmen at laptop are watching chart of th       utc scaled

As business owners, we invest our experience and capital to service our customers, pay our employees and return a profit on our investments.   Capital can come from the owner in the form of equity investments and also your first bank loan.

At a certain point, your business may need more investment to continue to grow.

How to automate your accounting

woman use of tablet computer at home       utc scaled

The old onerous ways of bookkeeping and accounting have gone the way of the dodo bird! We’re great at helping shoe box clients but we can do so much better. Cloud accounting means that a lot of the drudgery in accounting has been eliminated. The marriage of cloud-based accounting and open architecture have enabled third

Best ways for contractors to track payroll of subcontractors

smiling young man working with documents at home       utc scaled

So now you’ve got the big job and it’s time to get things done. But…the job is too big for your firm or maybe involves a sub-trade that is not your specialty. It’s time to assemble your dream team of partners to help get the job done. You’ve got sub contractors! What’s the best way