Increase Your Gross Profit Margin
Gross profit margin might be the single most predictive factor about the success or failure of a...
Two ways to write off your vehicle expenses
You can deduct your vehicle expenses if you normally work away from your place of business. There...
Understand the Capital Dividend Account
Incorporated small business owners may be able to take tax-free cash out of their corporation...
Benefits of a holding corporation
Holding corporations provide significant advantages to small business owners who run profitable...
The 7 Benefits of Outsourcing Your Bookkeeping
There are many benefits to outsourcing your business processes to external service providers. Small...
Should your business take out a loan?
Small business owners can access capital through small business loans to help grow their business....
Why to invest in commercial real estate?
Owning commercial real estate might be one of the most significant opportunities that exist for...
Pay less tax with Health Spending Accounts?
A Health Spending Account is a cost-effective alternative or supplement to traditional health...
Why do corporations pay lower tax rates?
Small businesses in Canada pay very low rates of tax on their income. That’s a positive thing,...
Understand the Lifetime Capital Gains Exemption
The Lifetime Capital Gains Exemption (LCGE) allows Canadian incorporated small business owners to...
Reduce your taxes by claiming home office expenses
Do you use a home office for earning employment or business income? Claiming home office expenses...
SIX REASONS TO SWITCH TO QUICKBOOKS ONLINE
Change can be scary. If you’re familiar with the desktop version of QuickBooks you may be hesitant...
CHOOSING YOUR CORPORATE YEAR END DATE
Before choosing a date for your year end, think about the date that works best for your kind of...
WRITE OFF YOUR CELL PHONE EXPENSES
Can you write off your cell phone expenses?
If you use your cell phone for business and personal...
LET'S INCORPORATE!
As a sole proprietor, you may be looking back at last year’s results and ahead to the time you...
KNOW YOUR TAXPAYER BILL OF RIGHTS
The first time I called Canada Revenue Agency (CRA) for a client I was nervous. The prospect of...
Should you lease or buy?
Buy/lease decisions are much more than a matter of taxes.
Buy or lease? That is the question that...
Five Costly Payroll Mistakes To Avoid
Canada Revenue Agency (CRA) can be difficult to deal with at the best of times. No one likes to...
Salary or dividends for small-business owners?
The way a bonus is paid has a significant effect on corporate and personal after-tax income.
Tax benefits for the self-employed
There are many tax advantages for self-employed Canadians who work from home and hire family...
Ten tips for choosing your next accountant
Your accountant is about to retire.
In a recent member survey the average age of a public practice...