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.
Navigating Tips and Gratuities in Canada: A Guide for Employers and Employees
This guide explains how tips and gratuities are treated in Canada, including when they are pensionable under CPP, insurable under EI, and taxable. Learn the difference between controlled, direct, and declared tips, and what employers and employees need to know for proper reporting.
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.
How Long Should You Keep Tax Records in Canada?
Wondering how long to keep your tax documents in Canada? The CRA requires you to keep records for at least 6 years—but special cases like property sales, objections, or late filings can extend that. Here's what you need to know.