When it comes to corporate funds, any distributions, loans, or withdrawals by shareholders must be carefully documented and handled according to CRA guidelines. Failure to

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Financial planning is a crucial aspect of long-term business success. It involves setting financial goals, creating a budget, and outlining the steps needed to achieve

When it comes to managing the finances of a business, understanding the difference between cash and accrual accounting is crucial. Both methods have their own

Managing accounting processes can be a time-consuming and tedious task for businesses of all sizes. However, by streamlining your accounting processes, you can save valuable

When it comes to managing the finances of a business, understanding the difference between cash and accrual accounting is crucial. Both methods have their own

Understanding financial statements is essential for anyone involved in business, even if you’re not an accountant. These statements provide valuable insights into a company’s financial

Modern accounting practices have evolved significantly with the integration of technology into the industry. The role of technology in accounting has not only streamlined processes

Bookkeeping is an essential part of managing a business’s finances, but it’s easy to make mistakes that can lead to financial discrepancies and compliance issues.

Cloud accounting has become increasingly popular in recent years, revolutionizing the way small businesses manage their finances. With its numerous benefits, it’s no wonder why

Understanding Cryptocurrency and Tax Planning As the world of finance continues to evolve, cryptocurrencies like Bitcoin, Ethereum, and others have become a significant part of

As an employer in Nova Scotia, it’s essential to stay informed about key labor regulations to ensure compliance and foster a fair workplace. Here are the main employment standards to

As an employer in Ontario, it’s essential to stay informed about key labor regulations to ensure compliance and foster a fair workplace. Here are the main employment standards to keep

As an employer in Alberta, it’s crucial to stay informed about key labor regulations to ensure compliance and foster a fair workplace. Here are the main employment standards to keep

Understanding the Alberta Business Landscape Alberta is a thriving province in Canada with a robust economy and a favorable business climate. Its diverse industries, from oil and gas to technology

Self-employed individuals—including sole proprietors, freelancers, and independent contractors—are required to file personal tax returns with business income by June 15. However, any taxes owed must be paid by April 30

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When it comes time to sell your small business, understanding its value is essential to securing the best possible price. By employing a few proven

If you’re considering selling your small business, it’s essential to make it as attractive as possible to potential buyers. By focusing on specific strategies that

When it comes to buying or selling a business, partnering with a seasoned accounting firm like 786 Venture CPA can make all the difference. This

Due diligence is the comprehensive process of assessing all aspects of a business to verify its financials, operations, legal status, and market position. It’s an

When selling a business, determining the right transaction structure—asset sale, share sale, or a hybrid sale—is critical to optimizing financial, tax, and operational outcomes for

Evaluating financials is a critical step when selling or buying a business. A thorough review ensures transparency, validates the business’s value, and identifies potential risks.

Selling a business is a complex transaction involving a series of essential legal documents that outline the terms, protect both parties, and ensure compliance with

Getting Started with CRA Registration Registering for a Canada Revenue Agency (CRA) account is a straightforward process that can be completed online. Having a CRA

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Financial planning is a crucial aspect of long-term business success. It involves setting financial goals, creating a budget, and outlining the steps needed to achieve

When it comes to managing the finances of a business, understanding the difference between cash and accrual accounting is crucial. Both methods have their own