Accounting Now | A CPAs Perspective

Imagine you're trying to find a decent place to live in Canada, but everywhere you look, the prices are sky-high or there's just nothing available. This isn't just bad luck; it's part of a bigger issue that's been cooking up for a while, largely because of how popular...

Bookkeeping is a crucial aspect of running a business, yet many entrepreneurs and small business owners neglect it. It's easy to get caught up in the day-to-day operations and overlook the financial health of your business. However, keeping track of your finances is...

As the year winds to a close, it presents you with the perfect time to plan for year-end taxes and make necessary adjustments for the new year. Don’t get blindsided by the holidays and neglect to put time and effort into year-end planning. The last thing you want is...

Do you regularly sell goods and services? If yes, do you collect the proper amount of sales tax from customers? If you are unsure about the answer to the second question, it may be time to reach out to our team to ensure you are compliant with Canada Revenue Agency...

So, you’ve decided to take the leap of faith and start your own business. First of all, congratulations! Entrepreneurship can lead to many opportunities for business and personal growth. However, don’t get too caught up in your excitement and neglect the basics of...

What is a tax instalment? An instalment payment is a partial payment of the total amount of tax payable for the year. Personal Taxes If your 2020 net tax owing is more than $3,000 in Ontario then you must instalments to the Canada Revenue Agency (CRA). The CRA may or...