Insights & Advice for Business Owners
Welcome to my Blog — your go-to resource for small business financial insights across.
Whether you're a startup navigating cash flow or an established company looking to streamline your accounting, tax preparation & bookkeeping processes, you'll find valuable content designed to support your success.
As a CPA and QuickBooks Pro Advisor, I’m here to break down complex topics into clear, actionable advice tailored for entrepreneurs.
Bookmark this page and check back weekly for fresh content on accounting, taxation, bookkeeping, financial management, software integration, and more.
Busting Common GST/HST Myths: Don't Get Caught Off Guard by Canadian Tax Rules!
Many business owners misunderstand GST/HST rules, leading to penalties. This post debunks key myths about provincial sales tax exemptions and explains the new 2024 electronic filing requirement, helping you stay compliant with CRA regulations.
Waiting to Pay Your Tax Bill? Why the CRA Wants Your Money Sooner
Owing more than $3,000 in net tax? CRA requires quarterly installment payments. Learn the rules, interest charges, and how to avoid costly penalties.
What to Expect If You Miss a CRA Payroll Remittance Deadline
Missing a payroll tax deadline can lead to hefty CRA penalties and daily interest. Learn what happens, how to avoid it, and why proactive payroll support matters.
Simplifying Dividend Taxation in Canada: Eligible vs. Non-Eligible Dividends
Confused about eligible vs. non-eligible dividends? Learn how dividend taxation works in Canada, including gross-up rules, dividend tax credits, and integration.
CRA Is Going Paperless: What Canadian Business Owners Should Know
As of October 2024, CRA will stop sending paper notices to business accounts. Important updates like tax assessments and installment reminders will be sent digitally via your CRA My Business Account. Learn how to stay informed and avoid penalties.
Is QuickBooks the Right Choice for Canadian Sole Proprietors?
Not sure if QuickBooks is the right accounting tool for your Canadian small business? We break it down with real-life insight from other sole proprietors.