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.
“We Forgot to File the 45(3) Election!” – A Canadian Taxpayer’s Close Call and What You Can Learn From It
Learn how a client narrowly avoided thousands in unexpected taxes after forgetting to file a 45(3) election when converting their rental property back to a principal residence. A must-read for homeowners and tax professionals.
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.
Why Your Refund Shrunk This Year — Even If You Made Less
Think you should get a bigger refund because you earned less? Here's why it doesn’t always work that way — and what CRA refunds really mean.
Why You Won’t Actually Save $800 from the New Federal Tax Cut
The federal tax cut promises big savings, but most Canadians earning around $70,000 will keep less than $800. Here’s a breakdown of what’s really changing.
Declared a Bonus but Haven’t Paid It Yet? Here’s What You Need to Know
Declared a bonus but haven't paid it yet? Your corporation may lose its tax deduction. Discover what the CRA expects and how to stay compliant.