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.
Navigating the World of Tips in Canada: What Employers and Employees Need to Know
Tips are taxable income in Canada—but when do CPP and EI apply? This guide breaks down controlled, direct, and declared tips so both employers and employees can stay compliant with CRA rules.
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.
How to Catch Up on Your Back Taxes in Canada Without the Stress
Struggling with unfiled tax returns or unpaid taxes in Canada? This guide offers step-by-step support to help you catch up, deal with the CRA, and regain financial peace of mind—without the overwhelm.
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.