Accounting Now | A CPAs Perspective

Here, we’ll share client stories, business news and trends you care about. We’ll also share updates on Canadian Revenue Agency (CRA) changes and opportunities.

Preparing your Business for Tax Season

Preparing your Business for Tax Season

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...

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Sales Tax: What is it and how will if affect my business?

Sales Tax: What is it and how will if affect my business?

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...

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I Have a Business Idea, Now What?

I Have a Business Idea, Now What?

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...

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Tax Instalments: Are you on the hook for 2021?

Tax Instalments: Are you on the hook for 2021?

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...

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How To Digitize Your Business With Cloud Accounting

How To Digitize Your Business With Cloud Accounting

Businesses are gradually moving their work practices online or to the cloud, a virtual web server network that collects, maintains and handles data to improve operating performance. This includes accounting which is typically characterized by time-consuming yet...

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