GTA Accounting Insights

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How Can Contractors Keep Up With Bookkeeping in Mississauga?

When working as a contractor, you have to pay all the taxes and be up to date with the bookkeeping; otherwise, you could face penalties and interests. Not a lot of people have time for that. They have their work cut out for them, and if they spend time anywhere else, they might lose their…
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How Can Self-Employed People File Their Taxes in Toronto?

You have been working as an employee for a very long time. Now, you have started a side-hustle to bring more financial freedom and flexibility to your life. It could be anything ranging from freelance work or your own physical or online business. Being self-employed is great as you are more independent. Your side-hustle could…
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How Can Outsourcing Bookkeeping Help You Increase Your Profits

Most business owners wonder if outsourcing bookkeeping would help their business to increase profits. Little do they know that NOT having a bookkeeper to manage your company’s financial data could be disastrous for the growth of the business.   When you have a startup, you won’t have difficulty managing the bookkeeping by yourself if you…
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How Can You Save Your Time By Hiring a Bookkeeping Service?

You are all excited to start a business and enter the world of entrepreneurship. You feel elated as well as anxious. You need to be good at so many things to grow your business—for example, marketing, management, accounting, etc. You can easily manage your startup and do well in marketing, but you are unsure about…
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Tax Planning Tips for Doctors in Toronto

We all have to plan our taxes. It is essential to make a good financial strategy. When you know about all the taxes, you know exactly how much you have to pay and when. This way, you would avoid the penalties and remain compliant with all the rules and regulations. We have seen that the…
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Is It Possible to Pay Fewer Taxes on Rental Properties in Toronto?

Becoming a landlord in Toronto is not as easy as it looks. Anyone can buy property, but if you want to rent it out, there are some responsibilities you need to consider. You’d have to be ready all the time to solve all the tenants’ problems. For instance, if the pipe is leaking on your…
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