Are You Tracking Your Business Mileage?

As a small business owner, it’s extremely likely you use your car for business. The Canada Revenue Agency (CRA) allows you claim back a portion of your business mileage as a deduction on your taxes, so it’s important to ensure you’re accurately tracking your mileage throughout the year. Short Term […]

BC Wildfire Resources For Small Business

Our thoughts go out to everyone affected by the wildfires across British Columbia. During this difficult time, there are several resources available to business owners to help with managing the day-to-day situation, as well as planning for the rebuild. Below, we detail answers to some of the most common questions […]

5 Reasons a Bookkeeper Can Save You Money

If you’re a small business owner, chances are that you’re a fan of the do-it-yourself lifestyle. After all, you went into business for yourself. But while many small business owners love the freedom that owning their own business brings to them, it also means that expenses need to be kept […]

Year End Tax Planning Strategies for the Small Business Owner

Strategy and planning are always a key focus area for any small business. From an accounting perspective, there are a number of simple, but effective ways in which small business owners can optimize their tax planning approach. 1. Income Splitting In Canada, taxpayers are subject to a system […]

Accounting Myths vs. Facts

Accounting can be an intimidating and often dreaded part of business for many entrepreneurs. To make it harder, there are many false facts flying around the internet that it can be hard to distinguish the facts from fiction. To help dispel some of those myths, here are four of the most common myths, BUSTED.