Canadian entrepreneurs and businesses can deduct many of the expenses incurred by operating a vehicle for business purposes. However, it is important to be aware of what the requirements for deductions are to make sure you are keeping all required logs and not deducting more than permitted.
See how Your Accounting Cloud helped OpsXL streamline their bookkeeping and payroll, optimize their tax planning, and support them throughout the pandemic
The explosion of the gig economy made self-employed talent available in practically all industries, yet many small businesses are still not aware of how this new talent can benefit them. Learn about the differences between employees, freelancers, and contractors, and how to decide which choice is best for your business.
Government funding can offer much-needed support to empower business owners to expand, grow, and undertake new projects. Learn what you need to know about government grant funding and where to start your government funding research.
Whether you are just starting your business or are an experienced entrepreneur, incorporation can be a complex but important option to consider. This article breaks down some of the pros and cons of the two most common business structures in Canada - sole proprietorship and corporation - to help you understand whether incorporating is right for your business.
As 2020 is coming to a close, we can reflect on what has been an especially challenging and unprecedented year. With the pandemic changing virtually all aspects of how we lead our lives and businesses, there are valuable lessons we can take away as we plan and prepare for the year ahead.
Ontario has joined the list of provinces allowing real estate professionals to incorporate a PREC, meaning Ontario agents can now take advantage of the tax and financial benefits of incorporation
The Federal Government announced plans for a new business rent subsidy program, extensions to the wage subsidy program until June 2021, and increases to the emergency business account loan
Canada’s plans for post-CERB transition include a more accessible EI system and three new temporary benefit programs (CRB, CRSB, CRCB) aimed at supporting Canadians and promoting economic recovery
Canada's 2020 Speech from the Throne outlined important priorities including continuing efforts to fight the COVID-19 Pandemic and extending business support programs
Cloud accounting and your small business: A blog miniseries exploring the basics of cloud accounting
Cloud Accounting, Automated Accounting, and Optical Character Recognition continue to shape and innovate the role and impacts accountants have on small businesses
What is cloud accounting? Discover how cloud-based technology can help your small business thrive