Canada provides generous incentives for businesses to invest in research and development through programs like the SR&ED program. However, navigating the regulations and requirements can be complex, which is why seeking expert guidance is crucial for businesses to take full advantage of these incentives. Read more to get more in-depth info.
As 2022 is wrapping up, small business owners are preparing for the challenges that will emerge in 2023. However, in order to face the new year, analyzing the performance of the business in the current year is necessary. There are a few obvious and some not so obvious areas that need attention. Here are five different areas to cover in this analysis.
At the start of any business venture, a business owner’s main focus is to ensure the continuance and growth of their venture. This could lead to tighter cash management in order to strive in this novel setting. Explore tax deductions that can help you improve cash flows and minimize the burdens involved.
Audits are tedious, sure, but you will be happy to hear they will not be the end of your business, and shouldn’t be the cause for sleepless nights. In this article, learn all you need to know regarding CRA audits.
If you have a small business, you may have considered hiring accounting and bookkeeping services. You may use the two terms interchangeably. Maybe you even wonder half-seriously if an accountant is just an expensive bookkeeper. So, what exactly is the difference between bookkeeping and accounting? Read the article to learn more.
For many of us, it’s a time to gather our receipts and papers, groan over how much we owe, and then file our taxes electronically or by paper. For entrepreneurs and startup founders in Ontario, there are a few extra reasons to be happy as well, and they are – tax credits. Let’s examine six of the most popular tax credits for Ontario businesses.