Here are some step-by-step instructions on how to pay your federal and provincial corporate taxes, GST, payroll remittances and even your personal taxes — just skip to the part that is applicable to...

Being audited is every small business owner’s worst nightmare. To audit-proof your business, staying organized is important to promote compliance and enhance efficiency. This blog post explores best...

You’re constantly juggling a never-ending to-do list when running a small business. And while managing your books is crucial to financial success, most business owners will agree it’s not exactly...

Wooing and wowing your clients, prospects and partners is a part of building relationships and your small business. Luckily for all of us, these expenses are 50% deductible and there are tons of...

As a small business owner, knowing what you can write off can save you money — and every receipt adds up! More importantly, it can limit your risk for a CRA audit. In this blog, we’ll show you common...

Step one: lose the shoebox. Kidding aside, there is a better way to organize expenses and receipts for your small business. We’ll show you how to simplify this task so you can take advantage of any...

As a small business owner, bookkeeping is an essential part of your business. But recording and categorizing all of your business transactions when you’re focusing on building a successful business...

Bookkeeping is the task of recording all the day-to-day transactions of your business, like sales invoices, cash receipts and expenses.

Whether you’re looking for financing or an investment in your company, one thing is certain – your balance sheet matters. Find out why having a strong one is crucial, and how to strengthen your...

As a small business owner, mistakes happen – that’s life. We’re here to help you understand why they happen and how you can avoid the common ones, at least when it comes to bookkeeping.

A bookkeeper, an accountant and a CPA walk into a bar — wait, what’s the difference? The terms “CPA,” “accountant” and “bookkeeper” are often used interchangeably and often all three are just...

We’ve always been fans of Xero’s accounting software. On November 9, they’re launching a new starter plan that’s tailor-made for consultants, freelancers and small businesses. At just $15 CAD/month,...

We all get bombarded with so much mail and email that it can be difficult to sort the important from the unimportant. Documents that are important for tax purposes arrive throughout the year, or...

My name is Madeline and I am a co-owner of True North Accounting. I am responsible for the day-to-day administrative duties and wanted to write a blog about how True North Accounting handles its own...

We look at our clients' bank statements all the time and I see so many people not taking advantage of low-hanging fruit from the banks. Here are five easy ways to save time and money!