Insights
Practical notes for owners on tax, bookkeeping, cash flow, year-end, and CRA reviews. They are general information, drawn from the issues the firm sees most often.
Top tax mistakes small businesses make
Ten tax mistakes owner-managed businesses in Ontario commonly make, from mixed expenses to ignored CRA notices.
Accounting mistakes entrepreneurs make
Common bookkeeping and accounting habits that hide cash problems until they are urgent.
Financial metrics every owner should monitor
The numbers that show whether a business is healthy, profitable, and able to pay its tax and debt.
How business owners can improve cash flow
Practical levers for cash flow: collections, supplier terms, inventory, pricing, and tax planning.
What to do before year-end
A year-end checklist for reconciliations, payroll, HST, shareholder loans, and a meeting with your accountant.
How to prepare for an audit or CRA review
The records and habits that make a CRA review or audit less disruptive.
Tax planning opportunities that get missed
Planning areas owners often leave until filing time, when many of them no longer work.
Financial warning signs owners should not ignore
Early signs that a business is losing visibility into profit, cash, or tax.