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.
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.
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.
Time-Saving QuickBooks Shortcuts Every Business Owner Should Know
Discover time-saving QuickBooks shortcuts for Canadian business owners. Boost productivity, reduce errors, and simplify your bookkeeping.
Why Industry-Specific Bookkeeping and Tax Services Matter for Your Business
We offer industry-specific bookkeeping and tax services built for Toronto businesses. Discover how a tailored approach can improve your financial clarity and compliance.
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.
Why the Canada Revenue Agency Charges Interest and Penalties
Wondering why the CRA adds interest and penalties to unpaid taxes? This guide breaks down how they work, when they apply, and what you can do if you’ve fallen behind.
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.
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.
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.
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.
Certified QuickBooks ProAdvisor in Greater Toronto Area: Why It Matters
Not sure if you need a Certified QuickBooks ProAdvisor? Discover how the right support can simplify your finances and help your Canadian business thrive.
Unlock Your Financial Success: 5 Accounting Secrets Every Business Owner Needs to Know!
Want to take control of your business finances? These 5 accounting secrets can help you boost profits, avoid costly mistakes, and make smarter decisions—no accounting degree required.
Top 5 Bookkeeping Mistakes Small Business Owners Make (And How to Avoid Them)
Even the most driven business owners can slip up when it comes to bookkeeping. From mixing personal and business expenses to falling behind on records, learn the top 5 mistakes—and how to avoid them before they cost you.
Why Bookkeeping is the Backbone of Every Successful Business
Success doesn’t happen by accident—it’s built on strong financial management. Bookkeeping is the backbone that keeps your business organized, compliant, and ready to grow.
10 Essential Tips for Effective Expense Tracking
Struggling to stay on top of your business expenses? These 10 essential tips will help you track spending with ease, avoid surprises at tax time, and gain better control over your cash flow.
The Hidden Costs of Neglecting Your Business's Bookkeeping
Ignoring your bookkeeping doesn’t just lead to disorganized records—it can cost you big. From missed tax deadlines to poor cash flow decisions, discover how neglecting your books quietly drains your profits.
Financial Health Checklist
Want to know if your small business is financially healthy? This financial health checklist for small business owners is a simple way to review your company’s performance.
Top-Rated Bookkeeping Services for Entrepreneurs
Trusted by entrepreneurs — see why Ali Asghar CPA is known for simple, reliable, CRA-compliant bookkeeping. Tailored for small businesses
Why Every Small Business Needs a Bookkeeper
Behind every successful small business is a solid financial foundation—and that starts with a great bookkeeper. From staying tax-ready to making smarter decisions, discover why bookkeeping isn’t optional, it’s essential.