Category Archives: Accountants

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

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

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

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

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

FAQs – Our Ten Most Frequently Asked questions

questions and answers

We understand some topics may seem more complex than others when talking about our business. Find here the answers to our most frequently asked questions.

How long is it going to take?

Services can be done quickly if all back up documents are submitted and organized and submitted well before your deadlines.  It’s human nature

Lease vs. Buy – What’s the best option for my business?

Lease vs. Buy

Considering whether to purchase or lease a new piece of equipment? What’s right for your business? There’s more to consider than the monthly costs alone. You need to look at your expectations, service life and the total cost of ownership to determine the best for your business.

How does a lease work vs. buying

Leasing