Year-End is Coming: Why Canadian Businesses Need Bookkeeping Strategies (and a Professional to Guide Them)
The year is winding down, and if you run a business in Canada, you probably feel that extra pressure of closing not just the calendar but also your financial books, making sure every dollar is tracked, every invoice is reconciled, and every CRA (Canada Revenue Agency) requirement is met. This process, year-end bookkeeping, is instrumental […]
Should I Hire a Bookkeeper or a Business Accountant?
The decision to hire a bookkeeper or a business accountant depends primarily on whether you are starting a new business, are in a growth phase, or have an established company. Each phase has its own specific needs and complexities. As a business owner, your expertise is a crucial factor in this decision. If you have […]
Year-Round Financial Housekeeping for Business Success
Financial Housekeeping is primarily the task of paying attention and maintaining your business finances throughout the year. One of the first ways to set your business up for success is to organize frequent meetings with your CPA. Small business owners can often struggle with the details of their bookkeeping and accounting procedures. Bookkeeping is an […]
Navigating Financial Waters: Budgeting and Cash Flow Planning Strategies for Ontario Organizations
In today’s ever-changing economic landscape, organizations across Ontario face unique challenges in managing their finances effectively. As accountants specializing in helping businesses thrive, we’ve seen firsthand the impact that strategic budgeting and cash flow planning can have on an organization’s success. This post will explore practical strategies to enhance your financial management practices, ensuring your […]
A Guide to Strategic Tax Planning for Businesses
In the complex financial management landscape, strategic tax planning is crucial in achieving long-term business success. AMI CPA Professional Corporation understands the complexity of tax regulations and their potential impact on your bottom line. This blog will explore the critical tax strategies that propel your business toward financial prosperity. Understanding Your Business Structure: Effective tax […]
Tax-Saving Strategies: A Comprehensive Guide for Individuals and Businesses in Canada
Tax-Saving Strategies When it comes to managing finances in Canada, one crucial aspect that often leaves individuals and businesses scratching their heads is taxes. While taxes are a necessary part of funding public services, there are numerous legitimate ways to minimize your tax burden, personally and for your business. In this blog, we’ll explore some […]
Tax Saving Strategy – Pension Income Splitting
An income tax saving strategy that is not often discernable either from the annual income tax guide or tax return form. It is called pension income splitting. Many taxpayers who could benefit aren’t familiar with pension splitting if they are not getting professional tax planning or tax return preparation advice. Pension Income Splitting is a […]