Category Archives: accounting

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

What do I need to know about setting up my first payroll for my small business?

Congratulations on hiring the first employee for your small business. It’s time to run your first payroll but where to start? Let’s talk about getting your new employee paid and how to fulfill your responsibilities as an employer. 

Here’s what you need to know to set up payroll for your small business:

  • As an employer,

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 a bank loan to expand your business

Business is great, customers are excited about your product but you need more capital to service all of your new accounts. It’s time to think about bank loans to expand your business.

What to consider when applying for a business loan to expand your business

Start early! Banks are going to want to see two

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