GTA Accounting Insights

Category: blogs

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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All About Tax Deductions For Small Businesses in Canada

It’s the time of the year where you have to get all your paperwork ready to file your tax returns. Some people get stressed about it. But as long as you declare everything truthfully, you’re good to go. When you have a small business in Canada, you might be eligible for a range of tax…
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Should You Hire A Freelancer Or An Accounting Firm in Toronto For Corporate Taxes?

Getting your business finances done from an expert Accountant is going to be one of the smartest decisions you’ll make. You already have a lot of stress to manage your strategic business goals, and you don’t want yourself to spend a lot of time doing the corporate taxes. So, what should you do? Should you…
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How Much Tax Do You Have to Pay If You Are A Small Business?

Owning a business, big or small, is no small feat. You constantly find yourself wearing different hats throughout the day. One minute you could be working on a new product, and the next, you could be working on your taxes. On another occasion, you could be dealing with a customer and helping resolve their issues.…
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Should You Hire In-House Accountants Or Outsource Your Corporate Taxes

We all know that Accounting plays a vital role in any business. You can not grow your business well if you don’t have a competent accountant to solve your corporate taxes. However, it might be difficult for a business owner to decide whether to hire an in-house full-time accountant or outsource the work. You have…
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How to Prepare and File Corporate Taxes in Toronto?

Being a businessman is great, especially when your business is generating a good amount of profit. But we all know that nobody can become successful overnight. You might have worked so hard for your business to make it successful and achieve financial freedom. However, running your business is just one part of it. The second,…
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How To Prepare If You Are Selling Your Business?

Selling your business could be a tough decision. You might have spent a lot of time and effort building it. There are various reasons why you could be selling it. You could be moving to something bigger and better, you could be in dire need of money, or you want to enter a different industry.…
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