Articles

How to Find the Perfect Accounting Professional If you’re looking to hire an accounting professional for your small business, you need to find someone whose skills go beyond simple bean counting and maximizing your tax refund this year. Bean counting (controlling expenses and budgeting) and receiving a large tax refund are important, but a tax … Read more

Budget Calculator The majority of small businesses and startups (up to 80% by some counts) fail in their first 5 years. This is in part due to a lack of a realistic budget. Why this happens varies from business to business—sometimes it’s simple neglect or other times owners are overly optimistic or pessimistic—but the end … Read more

As you get closer to opening your own small business, there is one important question you need to answer: should you lease or buy your commercial space? As with most things, it’s not an easy question. There are pros and cons to each option and making a final decision requires a lot of research, analysis, … Read more

Succession planning is all about finding the right strategy for selling your business or passing it onto someone else—whether it’s a family member, friend, entrepreneur, or employee. A good succession plan: Ensures the transfer of your business goes off without a hitch Protects the businesses reputation Builds value; provides financial security for you, your family, … Read more

Keep a Clear Picture of your Company’s Financial Health If you don’t have an accurate handle on your business income and expenses, how do you know if you’re actually making money? Monitoring cash in and cash out can help you make better decisions — before it’s too late. Besides, when it comes time to sell … Read more

Estate planning is all about preparing for the inevitable. Your estate is made up of everything you own, which includes your car, home, bank accounts, investments, life insurance and personal possessions (you might have someone in mind to inherit art or furniture). And unfortunately, it doesn’t matter if you have a big estate or modest … Read more

Spring time and planting season are behind you. Did the equipment survive? Harvest Season will be hear soon enough. Are you in need of new equipment to bring in the crops? Or maybe you need to replace the van for your HVAC, plumbing or electrician business. One thing that farmers and tradespeople know is that … Read more

Spring time and planting season are behind you. Did the equipment survive? Harvest Season will be hear soon enough. Are you in need of new equipment to bring in the crops? Or maybe you need to replace the van for your plumber or electrician business. One thing that farmers and tradespeople know is that to … Read more

How Tax Professionals Can Help with CRA Representation and Audit Support Preparing taxes can be stressful at the best of times but dealing with the Canada Revenue Agency (CRA) and getting audited takes it to an entirely different level. If you’re a small business owner, independent contractor, or farm operator, and you’ve been incorrectly assessed … Read more

Recreational cannabis will become legal in Canada as of Oct. 17. Growing illegal marijuana has a long tradition in Canada, whether as a massive grow op in an abandoned Molson brewery plant outside of Barrie, Ont., or representing British Columbia’s second largest agriculture export to the United States, even before Washington state and Colorado went … Read more