GTA Accounting Insights

Category: blogs

Why You Should Hire Separate Bookkeepers and Year-End Accountants

As a business owner, you must know why you need clear and more accurate books, ideally those that you update on a monthly basis. Just the thought of having good books is not enough. You need to have an action plan to get there. This means you will need to find and work with the…
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Here Are Tips for Startup Financial Management in Mississauga

So, you managed to get the fund you have been waiting for your startup, and now you are somewhat worried about how you will manage your business’s finances. Do not worry. We have got you covered. It’s time for you to give your investors a reason to believe in you. Show them that you are…
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What To Ask a Payroll Service Provider in Mississauga

We all know how important payroll services are for small businesses and how they impact their potential to file taxes to remain in good financial standing. When hiring a payroll service provider, you want to ensure that you’re getting a good quality service that will meet your needs. Here are 10 quick questions you should…
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How To Choose Your Corporate Fiscal Year-End in Mississauga

Whether or not you are required to file taxes for your business as a corporate business owner in Mississauga, it is always a good idea to be prepared and understand the different tax deadlines. Depending on your business structure, your corporate fiscal year-end (CYE) may differ from the calendar year. The cycle plays a vital…
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Real Estate Taxes vs Property Taxes In Canada

Today, we are here with the most confusing topic of all time. But worry no more, as today is the day we resolve this confusion by helping you understand the real deal behind real estate taxes vs property taxes and how we debunk this topic. We are going to elaborate it first and then jump…
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Do’s and Don’ts After Raising Startup Capital in Mississauga

The key factor in every startup’s success is money. Whether it’s to finance product development, cover operational costs, or fuel growth, every business needs capital. And for many entrepreneurs, the search for funding starts with raising startup capital. If you are someone who recently raised startup capital, congratulations! This is a major milestone for any…
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Clever Ways to Increase Dental Practice Revenue in Mississauga

Revenue is the lifeblood of any business, and dental practices are no exception. If you’re looking for ways to increase revenue at your Mississauga dental practice, there are several things you can do. We all know that dental is one of the most lucrative industries in the world. But every business has its unique challenges,…
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Tax-Efficient Ways To Withdraw Money from Your Business

The taxes involved with withdrawing money from a business can be complicated. There are many different tax-efficient ways, including whether or not the owner has generated enough revenue for themselves and if they plan on investing any additional funds back into their company while taking out cash to fulfill personal needs like improving lifestyle options…
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Clever Tips For Your Billing and Collections Process in Mississauga

Have you ever stayed on top of your Mississauga business’ billing and collections? If not, you’re not alone. We get it hard, but no one said it’s impossible. You see, there is not much complexity behind it, and we can assure you you can be on top of it provided you have the will and…
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Bookkeeping Secrets Every Freelancer Needs to Know

Bookkeeping is a skill that not everyone has mastered. It can be difficult to find a bookkeeper who can keep up with the constant demands of your business. Bookkeeping is one of the essential parts of running a small business. It’s also one of the hardest things to learn for most freelancers. Why? Because every…
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