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Our Blog

Featuring tips and information to support you and your small business.
Why You Should Read your Notice of Assessment

Why You Should Read your Notice of Assessment

Anytime you file an income tax return, you will receive a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA). It serves as a confirmation of your completed return and contains important details about your return.  We are most familiar with the NOA...

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Staycation in Ontario and Receive a Tax Credit

Staycation in Ontario and Receive a Tax Credit

If you’re itching for a break, the Ontario government has introduced a temporary tax credit on eligible accommodations for the period of January 1 to December 31, 2022.  The Ontario Staycation Tax Credit provides a 20% personal income tax credit on accommodations...

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Understanding Your Balance Sheet Report

Understanding Your Balance Sheet Report

A balance sheet summarizes a company’s assets, liabilities and equity at a specific point in time. Think of it as a snapshot of what your business is worth on a specific date.  A balance sheet is organized into 3 main sections: Assets (what your business...

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How to Track Mileage Using the QuickBooks Mobile App

How to Track Mileage Using the QuickBooks Mobile App

See how easily you can track your business mileage using the QuickBooks mobile app. The app can automatically track your mileage using your phone's GPS, allows tracking for multiple vehicles, and easily categorizes between business and personal mileage.  Watch...

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2022 Canadian COVID-19 Government Support Programs

2022 Canadian COVID-19 Government Support Programs

Updated January 18, 2022 The COVID-19 pandemic continues to blanket the world as we start 2022. Here are the latest government financial support programs available for Ontario businesses and Canadian individuals and businesses.  For Businesses Ontario business...

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How Your Money Mindset Influences Holiday Spending

How Your Money Mindset Influences Holiday Spending

Remember when your parents would tell you that “money doesn’t grow on trees?”. You probably didn’t realize it but your money mindset was already being shaped at a young age. Money mindset is your attitude or belief about money, and it dictates whether you have a...

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Why Your Small Business Needs a Bookkeeper

Why Your Small Business Needs a Bookkeeper

As a business owner, it’s easy to think you can do it all. After all, you have to wear many hats, especially in the beginning as you embark on your business. For most, bookkeeping is a task one dreads and procrastinates doing yet is something that needs to be...

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