GTA Accounting Insights

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5 Things Business Owners Look for in a Bookkeeping Company

Are you a business owner looking for an efficient bookkeeping company that can save you time and money? Hiring the right bookkeeper is essential for any business, small or large. Finding one who strikes the perfect balance between providing knowledgeable advice and taking care of your everyday financial operations is crucial. But with so many…
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What are Facebook Donations, and Can You Deduct Them From Your Taxes?

Have you ever considered donating to a charitable organization or cause and wanted to take advantage of the ease of Facebook donations? Making donations through Facebook has become increasingly popular, with over $2 billion raised for causes worldwide since its inception in 2015. Whether donating money to support disaster relief, fundraisers for families facing medical…
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4 Things You Should Know About Taxes If You’re Selling on eBay

As an eBay seller, you know that taxes can’t be avoided. And while managing taxes may not be your favourite activity, the good news is that it doesn’t have to be overly complicated either ­– with the proper knowledge and systems in place. In this blog post, we’ll cover the four things you need to…
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4 Tax Tips that will Benefit College Athletes

College athletes are among the most economically challenged of all student groups. Their economic realities often make it difficult for them to succeed on and off the field. With higher demands placed upon them in academics, training rigour, travel time and more, college athletes need help with their financial obligations. But understanding how your taxes…
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6 Ways You Can Earn a Passive Income

Passive income is money that you earn without doing any work. It’s a great way to make money while you’re sleeping or on vacation! There are multiple ways that you can earn a passive income. Here are six ways that you can start earning a passive income today. What Is Passive Income? Passive income is…
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Business Income vs. Hobby Income: What are the Differences

Do you have a business, or are you just a hobbyist? There is a big difference. Many people only realize this once it’s too late, and they’ve already mistakenly misreported their income. So, what are the differences between business and hobby income? Keep reading to find out. Spoiler: Business income is taxed differently than hobby…
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