May 9, 2017 | Small Business Accounting
Many businesses could benefit from hiring a CFO (Chief Financial Officer), but unfortunately, most small businesses cannot afford to do so. In this instance, outsourcing a CFO might be the answer. Businesses outsource CFO services when they need a more in-depth... 
May 1, 2017 | Chartered Accountants Toronto
What happens if you missed the 2017 tax deadline? The Canada Revenue Agency (CRA) puts hefty penalties on those that file their taxes late. That is why Chartered Accountants always recommend filing and getting started on your taxes as early as you can. However, if you... 
Apr 24, 2017 | Small Business Accountant, Toronto Chartered Accountant
An end of the year assessment is important for any company. It is the best way to give you an accurate and updated picture of your company’s finances. There are three types of end of year engagements: audit, compilation, and review engagement. Each differs in terms of... 
Apr 17, 2017 | Small Business Accounting, Toronto Chartered Accountant
Tax season is upon us and that means that everyone is focused on gathering their financial data. Filing taxes can be stressful, but the thought of a financial audit by the Canadian Revenue Agency (CRA) can be worse – mostly due to the myths about them out there.... 
Apr 6, 2017 | Chartered Accountants, Cloud Accounting, Small Business Accounting
For the past couple of years, Intuit’s QuickBooks Online has been dominating the accounting software market and have also become a household name with a reputation for reliability. It has only been recently that competition has started to arise. Xero has quickly... 
Mar 30, 2017 | Toronto Chartered Accountant
Everyone’s worse nightmare is to get audited by the Canada Revenue Agency (CRA). There are multiple reasons why you may have been chosen for either a personal or business audit. However, the best thing to do when you are hit with an audit is to comply, be honest, and... 
Mar 9, 2017 | Small Business Accounting
If you run a small business you have probably been faced with the dilemma of whether or not you should hire an accountant. Often times, small business owners will try to handle everything themselves. Some people would rather hire a Chartered Accountant just for tax... 
Feb 21, 2017 | Toronto Chartered Accountant
For the past couple of years, people have been falling victim to the CRA scams. No, the Canadian Revenue Agency isn’t scamming people out of their money. Rather, people are pretending to be the CRA to scam others out of money and sensitive information. It is easier... 
Feb 14, 2017 | Toronto Chartered Accountant
Both your business and personal finances can benefit from hiring a Chartered Accountant. However, not all accountants are the same. You might be wondering what you should be looking for when selecting the person to help you manage your financial data. Look for the... 
Jan 24, 2017 | Chartered Accountants, Small Business Accounting
If you own a small business that has been incorporated, you have a few options when it comes to how to pay yourself. The two main options are either salary or dividends. Each payment method has advantages and disadvantages so we have compared the two for you. Salary... 