Although the end of 2013 is still several weeks away, many income tax planning opportunities for individuals and businesses must be taken care of before the end of the calendar year. This newsletter contains a number of tax planning opportunities that you should think about before the end of 2013 as well as considerations for […]

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As a small business owner, the collection of HST may be seen as a nuisance and for some it may feel as if you are acting as a tax collector. Like it or not, we all have to comply, file and remit the HST we have collected. Whether you complete your HST return yourself, have […]

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Top Bookkeeping Mistakes

by Tax Guy - Burlington Accountant November 5, 2013

Over my career, I’ve seen a lot of journal entries and I’ve seen what can happen to someone’s livelihood when bookkeeping mistakes are made. The fact is, that one of the most common reasons a business fails is due to poor financial management. Your financial records will tell you where you stand: How much cash […]

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Your Part-Time CFO

by Tax Guy - Burlington Accountant November 4, 2013

Within any business, the financial controller or chief financial officer’s (CFO) is the top finance role within any organization. Their function is to understand your business’s numbers and provide you with a financial analysis of your business results that is actionable and easy to understand. We offer CFO and controllership services to many businesses to […]

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A Great Bookkeeping Filing System

by Tax Guy - Burlington Accountant September 17, 2013

We have all heard of the shoebox accounting system where all of the receipts are put into a box and taken to the accountant or bookkeeper to be sorted and turned into financial statements or a tax return. If you really want to save on professional bookkeeping fees (and your bookkeeper will appreciate it), here […]

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Why Use A Bookkeeper?

by Tax Guy - Burlington Accountant February 12, 2013

Bookkeeping is an important part of your business! The information in your bookkeeping system tells you how your business is performing and helps you make informed decisions. Without an effective bookkeeping system, you can easily lose track of you cash flows and potentially get in some hot water with the CRA. Bookkeepers Save Time As […]

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Tax & Owning Rental Properties In Canada

by Tax Guy - Burlington Accountant February 8, 2013

Perhaps you moved out of the country for a few years and then decided to make it permanent or you have purchased property in Canada as an investment to generate income. No matter the reason, you should be aware that Canada imposes a withholding tax on the rents and sale of real property. Knowing the […]

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Medical Professional Corporations & Tax Benefits

by Tax Guy - Burlington Accountant February 7, 2013

Ontario allows regulated health practitioners to incorporate and reap the benefits of operating through a corporation. This means that Physicians, Dentists, Surgeons, Audiologists, Dental Technicians, Psychologists, Nurses, Midwives, Chiropractors, Physiotherapists and Massage Therapists to incorporate their practices. In addition, other professionals such as veterinarians, social workers, and lawyers are also permitted to incorporate and take […]

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