by Roberto Belingueres | Oct 23, 2022 | Accounting, Articles & Publications, Taxes
Shareholder Owners Salaries vs Dividends. Which Method is Better for You? When is it better to pay yourself a salary vs. dividends as the owner/manager of a corporation? Each method has pros and cons, and as a business owner, you should be aware of your options...
by Roberto Belingueres | Apr 4, 2021 | Accounting, Articles & Publications, Bookkeeping
What Do I Need to Open a Business Bank Account? Business bank accounts help your business appear more professional to the CRA and your customers. Here’s a closer look at why you may want a business bank account and how to choose the best one. Each stage of...
by Roberto Belingueres | Mar 21, 2021 | Accounting, Articles & Publications
The Importance of Financial Reporting Beyond the record creation process, accountants use the information gathered for analysis and interpretation. Accountants are usually concerned with understanding the meaning of the amounts they obtain, and they look for the...
by Roberto Belingueres | Mar 16, 2021 | Accounting, Articles & Publications, Audit, Taxes
10 red flags that could lead to a CRA audit Audits can stem from things you do — or don’t do — when filing your tax return. Typically, the tax agency will send out about 30,000 letters a year letting Canadians know they’re being audited. While that’s just a...
by Roberto Belingueres | Mar 15, 2021 | Accounting
Financial statements’ analysis consists of a comparative study of accounts’ relations and trends to determine a company’s economic and financial position. There are methods to analyze, simplify, understand and value the information to know the changes year by year. We...
by Roberto Belingueres | Mar 12, 2021 | Accounting, Articles & Publications
Analyzing Financial Statements: The Horizontal Method The second method to analyze financial statements is the horizontal method. The horizontal method is used to analyze financial information in two fiscal years. This method consists of comparing various financial...
