How to Customize Your Quickbooks Online Setup | Quickbooks Online Optimization Support for Business Owners
What is QuickBooks Online? QuickBooks Online (QBO) is an accounting software platform created to help business owners easily and efficiently manage bookkeeping, accounting, and administrative processes. It helps to provide reliable and meaningful reporting and information that helps you make better business decisions. As an online, cloud-based tool, QuickBooks Online allows you to access important […]
Benefits of Cloud Accounting and Migration Support for Business Owners
As a leader in your business, one of your key goals is likely to save time, energy, and money by making strategic decisions to improve efficiency and performance. One such decision is migrating your accounting systems and processes to the cloud. What is Cloud Accounting Migration? Cloud accounting migration is the process of moving your […]
Understanding Changes to Capital Gains Inclusion Rates in Canada’s Budget 2024
The 2024 budget has introduced significant changes to the capital gains inclusion rate effective on June 25, 2024, aiming to redefine the taxation framework for corporations, trusts, and individuals in Canada. Changes to Canada’s Capital Gains Inclusion Rate Impact of Updated Capital Gains Inclusion Rate for Individuals: Under Budget 2024, the capital gains inclusion rate […]
Managing GST on Real Property Purchases: A Practical Guide for Businesses
Understanding how the Goods and Services Tax (GST) impacts real estate transactions is essential for business owners who are investing in real property. Real Property and GST: What You Need to Know Land and any permanent structures that are attached to it, such as residential and commercial buildings, are considered real property for tax purposes. […]
How Good Bookkeeping Supports Your Long-term Success
Accurate bookkeeping provides the reliable information that is the foundation for making great business decisions. Up-to-date bookkeeping provides you with financial information that can be analyzed to spot trends and then used to make adjustments to achieve the growth, profit, and outcomes you desire. For many business owners, bookkeeping can be a time-consuming task that […]
Navigating Canada’s 2024 Federal Budget: What You Need to Know
On April 16, 2024, Canada’s Deputy Prime Minister and Minister of Finance, Chrystia Freeland, unveiled the 2024 Federal Budget, titled “Fairness for Every Generation,” in Ottawa. This budget is focused on three key pillars: building more affordable homes, reducing the cost of living, and fostering inclusive economic growth. Here’s a breakdown of the significant tax […]
A Guide to Building a Strong Credit Score: Unlocking Financial Success
Having a solid credit score is crucial in today’s financial world. It opens doors to buying a home, getting loans with favorable terms, and more. Your credit score reflects how trustworthy you are with credit, and knowing how to build and maintain a healthy score is vital for your financial well-being. Tips for Building Your […]
Improving Your Business with Strategic Insights and Ongoing Coaching
Our monthly coaching program will reduce your stress and provide valuable insights to help you take your business to the next level and reach your goals faster. Our advisors will provide knowledge and guidance to help you grow and operate your business more efficiently, allowing you to create the business and lifestyle of your dreams. […]
Alberta Budget 2024: A Comprehensive Overview for Businesses and Families
The newly released Alberta Budget for 2024 aims to place a strong emphasis on healthcare, education, family assistance, and community safety. Investing in Jobs and the Economy A number of initiatives are introduced in Budget 2024 for companies and the economy. With a $5,000 refundable tax credit, the Alberta is Calling attraction bonus seeks to draw […]
Canadian Interest Rates Q2 2024: April 1-June 30, 2024
The Canada Revenue Agency (CRA) has announced prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to both individuals and corporations. These rates are in effect from April 1 to June 30, 2024. Income Tax Interest Rates Q2 2024 The interest rate […]