Topic: Blog

4 Signs You’re Ready to Outsource Your Bookkeeping to a Toronto Accounting Service

Posted on 2018 Jun 18 by

When it comes to business, timing can make a world of difference. This is particularly true of the decision to outsource your bookkeeping function. Whether you’re a start-up company that lacks the necessary internal resources, a fast-growing company that has outgrown your existing accounting function, or a foreign-owned company operating in Canada without local finance…

Read more »

5 Insider’s Tips on Obtaining Financing from the Bank

Posted on 2018 Apr 16 by

As an audit firm, we are always advising our clients on when they should seek financing and how best to approach lenders. The reasons a business should seek financing will vary, and include supporting growth or expansion, ensuring sufficient working capital, mitigating cash flow fluctuations, dealing with emergency expenses, purchasing or replacing equipment, and hiring…

Read more »

Business Advice from a Hamilton Accounting Firm: 5 Tips for Filing Business Tax Returns

Posted on 2018 Mar 22 by

Ben Franklin famously said that “nothing is certain but death and taxes”. We’ve already explored how to prepare your business for future succession, in a series of posts (ownership transitions, management transitions, and formalized corporate governance), so now it’s fitting that we offer tips to help you to prepare for business taxes. Tax-time can be…

Read more »

Did You Know...

Federal Budget 2018 – Refundable Dividend Tax on Hand

Posted on 2018 Feb 28 by

The February 27, 2018 Federal Budget proposes changes to the refundable dividend tax on hand (RDTOH) regime. Currently, the goal of the Canadian tax system is to achieve integration between the shareholder and the private corporation. Generally, this means that no matter how income is taxed in the corporation, by the time the income is in…

Read more »

Passive Income

Federal Budget 2018 – Passive Income

Posted on 2018 Feb 28 by

One of the most anticipated aspects of the 2018 Federal Budget was the changes to the taxation of passive investments held within a private Canadian owned corporation. The Budget release, to much relief, has proposed a simplified approach for the taxation of passive income earned inside a private corporation. The new proposed measures will be…

Read more »