This new budget is a shocker. Business owners need to be informed about what’s changing with the 2024 federal budget and how it will impact their financial position.  

When you start your own business, you realize how great it was to have taxes magically lifted away from your paycheque. Now, rather than doing your taxes once a year, you’ll have to make tax...

When you’re facing an insurmountable mountain of debt, it’s an awful and crippling feeling. As our economy struggles, many Albertans and small businesses helplessly watch their monthly debt levels...

Small business owners need to know the value of their businesses for many reasons – making informed decisions, attracting investors or planning an exit strategy. Valuing a business is part art, part...

As a small business owner, managing paperwork is probably one of your least favourite tasks. It can be challenging to stay focused and organized with the many receipts, invoices, bills and other...

As a small business owner, you’ve decided to shut down your business. You may have experienced a change in lifestyle or retirement, or perhaps your business was not profitable. Whatever the reason,...

We talk a lot about how to set up your business, but what happens if your company stops doing business? What is the “right way” to dissolve your corporation? If your corporation doesn’t own much, the...

As a small business, we use the same tools we recommend to our clients. Because everyone — including us! — wants to save time on everyday tasks so we can focus on innovating and building our...

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...

Note: For the latest in Alberta government small business supports, consult the Government of Alberta website. 

Capital is vital to starting your small business and helping it thrive. Which route is best to raise money for your small business — loans, grants or something else? In this blog, we share the...

Do you know Changpeng Zhao? He’s the CEO of cryptocurrency exchange Binance, and has a net worth of US$96.9 billion. This number makes him the wealthiest Canadian, as well as the richest crypto...

“Competitive advantage” may not be the first words that come to mind when you think about your employees requesting parental leave. But as it turns out, flexible benefits that support new families...

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...

No one wants to plan for the worst-case scenario, and when you're married you certainly don't want to be worried about anything as terrible as divorce. After all, you're in love and you want your...

Thinking about the future and retirement planning can be overwhelming for anyone. This can even be more daunting as a small business owner. Without a pension plan or matching program from an...

From brainstorming and research to strategizing and finally getting your idea off the ground, starting a small business is a long (and sometimes intimidating) process. And while accounting is an...

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...

If you’re like most of us, you’ve been spending a lot of time in your home office lately. Whether you have a makeshift setup at your dining table or dedicated space with a fancy standing desk, there...

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...

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,...

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...

Cybersecurity is a big topic, and many small business owners might be surprised to know that your own people are your biggest security threat. Today’s hackers try to lure people into giving secure...

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've received money from any of the government relief programs, expect to be asked to prove your eligibility. We outline what the government will ask you for, how to be prepared and what to do...

Since the COVID-19 outbreak hit in Alberta, we have had to quickly adjust, like so many businesses. We temporarily closed our offices and pivoted to phone calls and online meetings, webinars and...

As your small business guide, we’re here to help you navigate through this tough time. We have all been hugely affected by COVID-19 and for small business owners, there are many questions around the...

We work with a lot of small businesses run by couples who are familiar with the terrain of working and living together 24/7. As we settle into the new reality of self-isolation, most of us are now...

As a small business owner, healthcare may be a big question mark for you. A traditional health insurance plan can be expensive. But your kid needs braces, and you have a couple of prescriptions. You...

With the new year on the horizon, you’re probably thinking about setting your goals for the year ahead. Establishing a few key performance indicators (aka KPIs) will give you clarity into your...

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...

Small business owners have especially complicated financial situations; you want to be sure your loved ones are taken care of if something were to happen to you. A bit of work with your CPA, lawyer,...

This post comes from our Marketing Director, Erica O’Donnell, who has worked in the digital marketing world for nearly 15 years.

Money. Like it or not, we all need it to live and thrive in this world. Understanding the investments available to you, how markets work and the ins and outs of taxes is super important so that you...

Here are five apps that will make your business sturdier and more organized. There’s so much to track as a small business owner. Stacks of unorganized papers, making up numbers for your accountant,...

Remember when you first set up your home office? New desk, shelves, and filing system. Stationery and pens were all organized. Wasn’t it a nice place to be? Weren’t you excited to do some work?

What does a financially fit business owner look like? They confidently take advantage of every write-off and have a tight paper trail. They've automated their instalment payments and save enough from...

At True North Accounting, we’re proud to provide accounting, bookkeeping and small business advisory services for small businesses in Calgary and Okotoks, Alberta.