Meals and entertainment (M&E) expenses are often incurred by businesses, but they can be confusing to deduct. To ensure you’re maximizing your deductions, it’s essential to understand the specific rules and regulations. As a business owner, maximizing tax deductions is crucial for maintaining healthy financials. In 2025, meals and entertainment deductions […]
Every Canadian business owner struggle with the bookkeeping dilemma: do-it-yourself (DIY) Bookkeeping or outsource it to a professional bookkeeper? While both options have its own set of pros and cons, the best choice hinges on your business specific needs. This blog post will explain into the pros and cons of DIY […]
Understanding the cost of bookkeeping services for small businesses in the Greater Toronto Area (GTA). Maintaining accurate records and understanding your financial health is crucial for any business, regardless of size. Bookkeeping services play a vital role in achieving this, offering businesses valuable insights into their financial position, profitability, and potential for […]
Many people may believe that the word “Cloud” has been overused and is now a touch stale. The cloud has, in fact, never been more important for SMBs, especially cloud accounting for business. Cloud accounting for business software may revolutionize your accounting, tax preparation, and bookkeeping process, simplify financial management, and […]
Running a small business involves several task and responsibilities. But one aspect that should never be overlooked is bookkeeping. Proper bookkeeping basics practices ensure accurate financial recording, allowing you to make informed decisions and comply with legal and tax requirements. In this guide, we will explore the essential accounting principles every […]
