You know that one of the most important tax decisions you’ll make as a small business owner is how to pay yourself. But what about paying your spouse or common-law partner? Does it make sense to...

As a small business owner, choosing how and when to pay yourself is one of the most important financial and tax decisions you’ll make. You may have questions about this topic, including:  

• Should you...

At True North, we’re all about using the right tools to help your small business work smarter, not harder. That’s why we love using Xero — it’s an accounting software specifically designed for small...

When you start on your own as a freelance consultant or self-employed trade or professional, sole proprietor is the default category. You may be wondering if it’s time to incorporate? You don’t need...

When you start a business, should you become a sole proprietor or incorporate? We get this question a lot, and it’s important to understand the pros and cons of each. In this blog, we explain the tax...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

If you own a small business, you know that it can be challenging to get everything you’ll need to start, or continue, through an unsteady economy. For that reason, learning the ins and outs of small...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

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...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

Here’s what I learned from creating one for my business. 

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

This is an excerpt of our On Tap interview with Jay Baydala on September 24, 2020. Questions and responses have been edited for length and clarity. Thank you to Village Brewery for being this month’s...

This is a guest post from Goodlawyer, a trusted partner of True North Accounting. Goodlawyer’s North Star is to get more people the legal help they need. Goodlawyer empowers clients and lawyers to...

Have grand plans for a start-up? Before you quit your job and throw all your energy into starting a business, you should establish a vision of where you want your business to go and how you’re going...

As the owner of a growing small business in Canada, there are just a few things you need to take care of on the legal side to ensure you keep yourself protected. Too often, small business owners...

We’ve all got back to school on our mind. Getting back to brainy endeavours isn’t just for the little ones - there are tons of opportunities for small business owners to level up their leadership,...

Lots of people have a side hustle these days (check out Avenue’s recent article The Art of the Side Hustle). When your heart’s in the game and you start to make a few bucks, you may start to wonder:...

"Running my own business is hard. While the rewards and freedom are great, I get really stressed out at tax time and am always worrying about paying enough tax, and not getting in trouble with the...

Choosing between Dividends vs Salary can be a difficult decision, that really depends on your situation. To help shed light on this topic, we’re sharing a scenario about one particular business and...