by adminaccountantcpa | Mar 3, 2021 | Small Businesses, Tax Information
A Health Spending Account (HSA) is a self-insured health plan which can be arranged by employers for their employees. Small business owners spend a considerable amount of money every year on medical expenses for themselves and their employees. An HSA offers an...
by adminaccountantcpa | Sep 11, 2020 | Small Businesses
Are you thinking of starting your own business or buying an existing one? The first thing that you need to look at is its structure. This is because choosing the right structure will have a major impact on your estate planning as well as your personal taxes. Today,...
by adminaccountantcpa | Nov 27, 2019 | Small Businesses
Here is a list of must-do accounting tasks for all business owners. Organize your accounting recordsReview bank reconciliationsGo over accounts receivable Go over your financial documentsThink About what you can write off Ask about additional...
by adminaccountantcpa | Sep 17, 2019 | Small Businesses, Tax Information
Many small business owners use their personal belongings in their businesses. Doing this shows the banks and the CRA (Canada Revenue Agency) that you have a personal stake in the venture. Naturally, the CRA has put together some rules which you need to follow in order...
by adminaccountantcpa | Sep 13, 2019 | Small Businesses, Tax Information
There are certain things you need to do if you are planning to close your business. This includes notifying the Canada Revenue Agency (CRA), paying any outstanding tax amounts, filing a final tax return and financing your succession planning. You won’t need your...
by adminaccountantcpa | Apr 18, 2019 | Audit, Small Businesses
There are three types of reports that can accompany a business’s financial statements. The purpose of these reports is to assure the reader that the statements are free from material misstatements. These are An Auditor’s ReportA Review Engagement ReportA Notice...
