The SMB Owner’s Survival Guide to Avoiding Tax Penalties Welcome, brave entrepreneur! You’re on a jungle trek journey few take — starting and operating a small or mid-sized business in Canada. Sometimes the environment is calm— even welcoming, but beware! Lurking in the shadows are some CRA fearsome foes: late fees, interest charges, and, worst […]
The GST/HST Survival Guide in Six Acts I had to make a choice recently. Write this blog or go out to a play I wanted to see. I struggled mightily with choosing between a bit of after-hours writing effort or going to enjoy an evening taking in the thespians. Eventually good work ethics won out, […]
CRA Tax Debt: A Short Simple Guide to Winning Ok— you’ve received a notice from the Canada Revenue Agency (CRA) with a balance owing that looks more like a line of computer code than a reasonable sum of money. Don’t panic or make any sudden moves. Sit down, clear your desk of distractions, and let’s […]
Navigating Today’s Payroll Challenges: A Quick Guide for Small Business Owners Of all the important responsibilities in business, paying your employes in a timely and correct manner is close to the very top of the list – if not the top. Without happy employees, you don’t have much of a business future. So, it’s important […]
An Accountant’s Role In A Greener Future 7:00 AM: A Morning Routine With Purpose Emma wakes up early, as she always does, but today feels different. As a certified accountant she’s been focused on sustainability for years, but today she will be presenting an environmental impact report to a major client group. After a cup […]
Ethics in Accounting: Balancing Profit and Integrity—An Open Letter to Future Accountants Dear Future Accountant, You are about to step into a world where numbers speak louder than words, but I want to talk to you about the subtle silences between those numbers—the ethical dilemmas that financial report reading will not prepare you for. Let […]
Navigating the Complex World of International Taxation: Tips for Global Businesses Going global. The ultimate corporate goal. And while global business brings countless opportunities for businesses to expand across borders, it also brings new challenges—and none more complex than international taxation. For businesses that operate in multiple countries, understanding and complying with different tax laws […]
The Future of Taxation: How AI is Transforming Tax Compliance and Accounting Artificial intelligence (AI) is emerging as a real ‘game-changer’, particularly in the realms of tax compliance and accounting. Few innovations in the past decade have come with the power to completely transform even the rapidly evolving world of finance. Make no mistake, Artificial […]
Understanding Financial Statements: A Guide for the Accounting Novice For most business owners, financial statements are like insurance policies. Absolutely needed, but very intimidating to read. Don’t fret. In under five minutes, this blog will help make understanding financial statements much easier. And what can be simpler than putting everything in a question-and-answer format? While […]
The Biggest Accounting Mistakes We See in Our Practice and How to Avoid Them Ah, accounting—the lifeblood of every business and, let’s be honest, the occasional headache-inducer for many small business owners. But hey, it’s not all doom and gloom. While accounting mistakes are common, they’re often easily avoidable. And the good news is that […]
