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Year End Checklist for Corporations and Shareholders

2016 Checklist for Corporations & Shareholders Year End Taxes As the calendar year-end approaches, taxpayers have a few more weeks to organize their financial affairs. All financial transactions affecting the 2016 tax year will have a December 31, 2016 cutoff, with the exception of the RRSP contributions, which allow for an extra 60 days after year-end for contributions that will count

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Thinking About Buying a Small Business?

Buying a Small Business, Accounting Tips to Minimize Due Diligence Costs Successful businesses are often on the hunt to acquire other businesses for strategic reasons. Acquiring a competitor to increase market share or buying out a supplier to add synergy to an existing business are just a few of the many reasons businesses seek acquisitions. At times, an acquisition may be

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Should Your Business Move to Cloud Quickbooks?

Cloud-based Quickbooks Cloud-based Quickbooks (“QBO”) has made great strides in the past few years. Desktop Quickbooks (“QB”) was the top choice for many small businesses for years before QBO came into existence. QB was easy to use, cost effective and provided superior reports. However, the problem with QB was the clumsiness that came with file sharing. The QBA version (the

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