Consultant/Contractor 101

There are few questions more shocking to an accountant than “Why do we need financial statements?”

Do I need to register? What if I forget to charge it? We answer these questions and more in this post.

This post helps to demystify the small business tax landscape. It gives you the information you need to stay compliant in terms of your business tax filings and payments.

CPAs provide 3 basic and increasingly valuable services to small business owners. Corporate tax returns are just the first.

One of the most common questions we get asked at Origami by prospective clients is, 'When should I incorporate?' Here's what we tell them.

You only have so much time, patience, and determination in any given day. Do you want to spend it learning bookkeeping or building a successful business?

You want to strike out on your own, but right now you have a job. Pay attention and learn as much as you can about how business works (and doesn't work) while you're there. Future you says thanks.

At the end of the day, you have to ask yourself a simple question: was this expense paid primarily in an effort to earn business income? If the answer is yes, it is deductible, if the answer is no, it is not.

As the owner-manager of a Canadian small business corporation, you have two options when it comes to paying yourself: a dividend or a salary. We discuss the pros and cons of each option in this post.