GTA Accounting Insights

Category: Financial Statement

The 13 Accounting Terms an Entrepreneur Should Know Before Starting Their Business

Starting a business is no easy task. There are many things to think about – from the product or service you’ll offer to the branding and marketing strategy you’ll use to get your name out there. But one of the most important aspects of any business is its accounting. Without good accounting practices in place,…
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Reassessing your Financial Situation for 2022

The last two years have been really weird, to say the least. Our entire world turned upside down, or should we say, went into quarantine. Everything changed from our work pattern to our socialization. Businesses floundered and were shut down while others survived by changing according to the times. Suffice it to say that the…
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How to Prepare Tax Records for Your Accountant

As a business, you probably rely on your accountant to prepare your tax returns. Most business owners simply lack the time to understand the rules of taxes and learn the mistakes to avoid in tax preparation. Hiring a tax expert to get the job done right and save you time is probably the best bet.…
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Change the Fiscal Year End of a Canadian Business

If you’re running a small business in Canada, one of the things you’ll often be required to do is to make sure your taxes are in order. Hiring a tax accountant to handle all the paperwork and ensure your taxes are properly filed will save you time and money. Furthermore, tax accountants can advise your…
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