Key CRA Deadlines for Small Businesses and the Self-Employed
Missing a CRA deadline can mean interest and penalties, even when you have done everything else right. Here are the main dates most small businesses and self-employed people in Ontario need to know. Save this page and check it often. The main deadlines What Who Deadline Payroll remittances Employers (regular remitters) 15th day of the […]
Registering a US Company as a Canadian: What to Know Before You Start
More Canadian business owners are selling to customers in the United States, and some decide to set up a US company to do it. Before you start, it helps to understand the basic steps and the questions to ask. Here is a simple overview. Common types of US companies The two most common choices are […]
Sole Proprietorship or Corporation: Which Is Right for Your Ontario Business?
Choosing how to set up your business is one of the first big decisions you will make. In Ontario, most small business owners choose between a sole proprietorship and a corporation. Neither is right for everyone. Here is a simple comparison to help you think it through. Sole proprietorship: you and the business are one […]
Do I Need to Register for HST in Ontario? A Plain-English Guide
One of the first questions new business owners ask us is, “Do I need to charge HST?” The answer depends mostly on how much you sell. Here is how the rules work, in plain English. The $30,000 small supplier rule Most businesses do not have to register for GST/HST until their taxable sales go over […]
How to Choose Virtual Bookkeeping Services in Mississauga
Managing your business finances can quickly become overwhelming. Between tracking expenses, reconciling bank accounts, managing invoices, preparing financial reports, and keeping records organized, bookkeeping can take up valuable time that you would rather spend growing your business. This is why many business owners are turning to virtual bookkeeping services. Instead of hiring a full-time in-house […]
10 Signs You Need Professional Accounting Services
Running a business involves much more than selling products or providing services. You also need to manage invoices, expenses, payroll, taxes, financial records, cash flow, and compliance. As your business grows, keeping up with all these responsibilities can become difficult. That is where professional accounting services in Mississauga can make a real difference. An experienced […]
