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small business accountant Mississauga

Best Practices for Financial Success: Pro Tips from a Trusted Small Business Accountant Mississauga

small business accountant Mississauga

Running a small business comes with unique challenges. From managing cash flow to staying compliant with tax obligations, the journey requires careful planning and strategy. For many small business owners, implementing the right accounting practices can mean the difference between smooth operations and financial chaos. By adopting these best practices, you can gain a clear picture of your business’s financial health and identify areas for growth. Partnering with an experienced small business accountant in Mississauga, like Madan CPA, can help simplify this process, reduce financial stress, and allow you to focus on growing your business. Read More

by MadanCA Team on November 16, 2024 @ 5:40 pm

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Taxation of stock options for Canadian employees clarified.

Français Did you receive stock options from your Canadian employer? If yes, then it’s highly recommended that you go over the points in this article. In this article, I explain how the “Taxation of Stock Options for Employees in Canada” directly affects you.

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U.S. Tax I.D. Numbers for Canadians

Français Are you curious about applying for an Individual Taxpayer Identification Number? Keep reading to find out what an ITIN (Individual Taxpayer Identification Number) is and how you can apply for one. Please note, this number is not a replacement for the Social Security Number (SSN).

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5 Best Business Tax Tips for the Year End

Take advantage of these 5 tax tips before the end of the year and save taxes for your business.

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Minute Books: Why They Are Essential For Your Business

What are “Minute Books?” Your corporation’s Minute Book is an official record of your company’s activity including: Documentation that proves your corporation exists. The names of all shareholders, officers and directors that have been in the company since incorporation. Share transfers and insurance. Proof that every step was taken to activate the corporation after incorporation. … Continue reading Minute Books: Why They Are Essential For Your Business

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Benefits of using an accountant to incorporate a business.

If you are planning on incorporating your business, hiring an experienced accountant is one of the best investments you can make! An accountant will give you 1 on 1 tax planning advice and give you a proper corporation structure based on your and your family’s tax situation. Once your accountant knows of your tax situation, … Continue reading Benefits of using an accountant to incorporate a business.

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Tax on Real Estate Sales in Canada

Français Ever wonder how to deal with tax on real estate sales in Canada? If you own a rental property or a real estate investment in Canada, and have sold or are thinking of selling, read this blog for helpful tax tips that can save you thousands.

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Tax implications for Canadians selling US property

As a Canadian, are you aware of the tax consequences of selling your US real estate properties? Most Canadian’s aren’t, even though they are buying US real estate more so than ever before. Read further to understand the tax implications of Canadians selling US properties. 15% Withholding tax As a Canadian or a non-resident of … Continue reading Tax implications for Canadians selling US property

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Tax Implications of Canadians Selling U.S. Property

Do you own or are thinking of owning a property in the United States? When the Canadian dollar was on par with the US dollar, many Canadians bought U.S property. But now as the Canadian dollar weakens, some people want to sell and lock in their gains. In this video, I will discuss the cross … Continue reading Tax Implications of Canadians Selling U.S. Property

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Tax write-offs for small businesses in Canada explained.

Français If you own a small Canadian business, it is beneficial to claim these 8 tax write-offs, as they will help reduce your business’ taxable income and taxes payable.

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Why do LLCs Result in Double Taxation for Canadians?

If you are a Canadian interested in making a U.S. property investment, using an LLC will ultimately result in double taxation for you. 

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