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    We want to give you as much value as possible. Our blogs and newsletters cover everything from T slips and tax deadlines, to tips on staying organized, and recommendations on great resources for small business owners.

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    What’s the best way to organize receipts for small businesses?

    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...

    May 21, 2024

    Ask your accountant how to make next tax season better

    Tax season can feel like facing a mountain, but with some prep and strategies, you can make it much smoother and stress-free. Here are some key tips to help you prepare for a better tax season next...

    May 15, 2024

    How to maintain your corporate minute book

    What is a minute book?

    PARTNER: Use to track your minute books

    May 15, 2024

    11 smart ways to invest your tax refund

    If you’re a small business owner who’s just received a tax refund, you might see it as an unexpected bonus — a bit of extra cash that can be put to good use. Here are some ways you can invest that...

    May 15, 2024

    Why would a sole proprietor want to incorporate?

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

    May 09, 2024

    What small businesses need to know about Budget 2024

    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.  

    Apr 21, 2024

    Get the most out of your corporate tax accountant

    We know that working with an accountant is an investment. We want our small business clients to get the most value possible from us. That means doing the obvious things: getting everyone’s taxes done...

    Apr 12, 2024

    How to pay business taxes in Canada

    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...

    Apr 11, 2024

    Do I really need to pay tax instalments?

    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...

    Apr 11, 2024

    Tax-savvy business owners: How to save big on taxes in 2024

    As small business owners, you know that every dollar counts. We want to help you minimize your taxes for the year by staying on top of the tax laws and using tax-saving strategies that will put more...

    Apr 07, 2024

    What's new in 2023 taxes?

    As you prepare your 2023 taxes and consider the tax year ahead, here are the significant changes to personal taxes. You’ll want to stay up to date as many of these will keep more money in your...

    Mar 16, 2024

    Bare trusts: what you need to know

    Canada’s trust reporting rules changed in 2023, meaning there’s more paperwork if you have a trust, including bare trusts. In this blog, we’ll cover: 

    Mar 16, 2024

    GST for dummies (GST 101)

    Good and services tax: consumers know they pay it, and business owners know they charge it, but do you know why? As the GST deadline approaches for many businesses, we wanted to share some GST 101:...

    Mar 12, 2024

    Don't procrastinate: why filing your taxes on time matters

    When it comes to doing taxes, does the early bird get the worm? The deadline to file your personal taxes in Canada for 2023 is April 30, 2024. For self-employed individuals, the filing deadline is...

    Feb 12, 2024

    How to manage small business debt and cash flow

    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...

    Jan 23, 2024

    CRA scams and how to spot them

    Is your phone ringing off the hook with fake calls from the “CRA”? Are you receiving Canadian Revenue Agency emails insisting you click on a link? Text messages promising a benefit payment or refund?...

    Jan 21, 2024

    Year-end tax planning for small business owners

    December is busy for everyone, but it's also your last chance to take advantage of a few tax planning opportunities that could save you money this tax season. Year-end tax planning can help small...

    Dec 14, 2023

    How your accountant can help your Canadian healthcare business

    A healthy business starts with True North Accounting. And if you’re a self-employed health professional or run a healthcare company, you have a demanding career with many important decisions and...

    Nov 21, 2023

    Canadian payroll taxes made easy: A practical handbook for entrepreneurs

    As a small business owner, you may have various questions about payroll – it can be a complex and critical aspect of managing your business. In this blog, we’ll outline the payroll process so you can...

    Nov 21, 2023

    How accountants can help maintain financial stability in mature companies

    As your small business evolves into a mature company, you’ll want to have your accountant by your side to ensure your financial ship sails smoothly. As a mature company, your priority will be...

    Oct 09, 2023

    Use automatic bank feeds with Xero to gain insights about your small business

    Xero is making it easier for Canada's small business owners and accounting and bookkeeping advisors to simplify their financial administration tasks. With Xero, Canadian small business clients can...

    Oct 06, 2023

    Navigating the challenges of rapid business growth: The role of an accountant

    Skyrocketing growth is every small business owner’s dream, but the reality is that it comes with its unique challenges. To scale your business, you’ll need careful planning, strategic...

    Sep 05, 2023

    Business valuation: what's your small business worth?

    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...

    Aug 09, 2023

    Audit-proofing your small business and best practices for record-keeping

    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...

    Jul 17, 2023

    Financial planning: Best practices for local Alberta businesses

    Financial planning can sound daunting, but it doesn’t have to be. A financial plan helps small businesses plan for growth by predicting cash flows and financing needs. Knowing your goals is...

    Jul 17, 2023

    The benefits of outsourcing your bookkeeping services for small businesses in Alberta

    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...

    Jun 19, 2023

    The value of seeking expert advice: how a growth advisor can benefit your local Canadian business

    If you're a local Canadian business experiencing growing pains, getting expert advice is essential to help drive your company forward. Explore the invaluable benefits a growth advisor from an...

    Jun 19, 2023

    How Hubdoc and Xero can reduce your small business paperwork

    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...

    May 16, 2023

    Maximizing your practice's cash flow with the help of an accountant

    Your accountant is key for a successful practice, as they can recognize and take advantage of financial openings to maximize your business’s profits. You can maximize your practice’s cash flow by: 

    May 16, 2023

    From startup to scaling up: Why entrepreneurs need growth advisory from their accounting firm

    Modern accountants are more than just number whisperers; they're also strategists, advisors and business pros.All accountants do is listen to entrepreneurs and try to solve their problems or give...

    Apr 21, 2023

    FHSA 101: How does the First Home Savings Account work?

    Are you planning to buy your first home? The Tax-Free First Home Savings Account (FHSA) is a great way to help you save for your down payment. Starting April 1, 2023, Canadians can make contributions...

    Mar 22, 2023

    What is the Underused Housing Tax (UHT)?

    As of January 1, 2022, Canada imposed an Underused Housing Tax (UHT), an annual 1% tax on vacant or underused housing ownership, including recreational properties. It’s billed as a foreign ownership...

    Mar 21, 2023

    Tax grey areas: Make the most of your vehicle and home office expenses

    Write-offs are frequently a dilemma for some people. What should I write off, what shouldn’t I, and what qualifies as a write-off? Some are more liberal with their write-offs while others tend to be...

    Mar 07, 2023

    What business entertainment expenses are deductible?

    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...

    Dec 12, 2022

    Write-offs for the fun-loving business owner

    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...

    Dec 12, 2022

    How to file an Articles of Dissolution form in Alberta

    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,...

    Nov 14, 2022

    How to dissolve your corporation in Alberta (the right way)

    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...

    Nov 14, 2022

    Should you pay a spouse a salary?

    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...

    Oct 17, 2022

    Should you pay yourself dividends or salary?

    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...
    Oct 15, 2022

    How to use Xero for your small business

    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...

    Sep 27, 2022