Profit Improvement Strategies for Auto Repair Businesses
If you own an auto repair business, you know that improving your profits is essential to long-term success. Fortunately, with the right financial guidance and support, you can take steps to increase your profits and grow your business. Profit Package: More Cash, Greater Profit Benefit from our Profit Package specifically designed for auto repair businesses. […]
Profit Improvement Strategies for Trades Businesses
As a trades business owner, you know that managing your finances is key to the success of your business. Whether you’re looking to minimize your personal and business taxes or increase your profits, working with an advisor who specializes in the needs of trades businesses can be a game-changer. ONSight Advisory offers you services and […]
Profit Improvement Strategies for Physicians
As a physician, you have invested significant time, effort, and resources into your medical practice. However, with increasing competition and a changing healthcare landscape, it can be challenging to achieve the level of profitability you desire. Through integrated planning and ongoing support, you can improve your profit. Integrated Planning for the Future One of the […]
Highlights from Canada’s 2023 Federal Budget Update | Impacts for Business Owners
The federal government released Canada’s 2023 Federal Budget update (Budget 2023) in March, which has three main focuses: making life more affordable, stronger public health and dental care, and growing a green economy. As a business owner, it’s important to stay up-to-date with changes in the Canadian federal budget that can impact your operations. Here […]
Making Accounting Simpler for Auto Repair Business Owners
Auto repair business owners have a lot on their plate, from managing employees to handling customer service and repairing vehicles. With so many tasks to juggle, it can be easy for accounting to fall by the wayside. However, staying on top of your finances is crucial for the success of your business. Here are some […]
Making Accounting Simpler for Trades Business Owners
As a trades business owner, you have a lot on your plate. You are responsible for managing projects, coordinating with clients and subcontractors, and ensuring that your team is working efficiently. In the midst of all this, it can be easy to overlook the importance of accounting. However, accurate accounting is critical to the success […]
Time Savings for Physicians and Medical Practitioners | Simplify Your Accounting
Physicians are busy professionals who have to balance the demands of patient care with the needs of their business. One area that can often cause stress and headaches is accounting. Keeping track of expenses, managing payroll, and staying on top of tax obligations can be time-consuming and overwhelming. However, by implementing a few simple strategies, […]
Small Business Succession Planning | How to Plan for Successful Succession
According to the Canadian Federation of Independent Businesses (CFIB) report released in January 2023, 76% of small business owners plan to exit their businesses within the next 10 years. However, only 9% have a formal succession plan in place. Some common obstacles to succession planning include: Completing a business valuation Improving the value of your […]
Canada’s Underused Housing Tax (UHT) | FAQs
Important Update – March 28, 2023 On March 27, 2023 the Canada Revenue Agency announced that “to provide more time for affected owners to take necessary actions to comply, the Minister of National Revenue is providing transitional relief to affected owners. The application of penalties and interest under the UHTA for the 2022 calendar year […]
2023 Tax Changes and Updates for Canadians
Based on the relatively high inflation that Canada experienced in 2022, many significant tax figures, rates, and rules have been updated for 2023. Find changes to federal and Albertan tax brackets and rates, and updates to basic personal amounts, the CPP contribution rate, and Canada Child Benefit here. 2023 Updates to TFSA Limit The 2023 […]