Accounting for a Restaurant

Running a restaurant is a tough business, requiring the owner to be very analytical of financial data to ensure the success of the business. Many times an owner will use software to manage the accounting workload; the problem is many times these accounting software packages don’t...READ FULL STORY »

Brining Assets into a Business

Transferring personal assets into a business is quite a common occurrence, however many people don’t realize there are tax implications that follow these types of transfers, such as input tax credits that GST/HST registrant may recover. Each business structure, such as a sole...READ FULL STORY »

Growing Your Business

More than simply number crunching, accountants are an excellent resource for any sized business to ensure health business growth. Growing your business with an accountant by your side, giving you the right advice and providing you accurate financials, will allow you to make the hard deci...READ FULL STORY »

Submitting HST payments

Business owners in Ontario have several ways to pay HST that their outstanding HST remittance to the CRA. Remember, the HST that is collected by your business should be placed into its own bank account, and not used for the business; this money is simply being collected on behalf of th...READ FULL STORY »

What To Do With Overdue Invoices

Unpaid invoices can break a business, especially small businesses that rely on a steady stream of cash flow to grow. This article aims to give business owners some direction on what to do collect on overdue invoices, as well as how business owners can mitigate the risks of in...READ FULL STORY »