ACCOUNTING & INCOME TAX BLOG
It is vital to keep up on the latest information about in the financial and accounting world. Getting different views, opinions & reading about insights on topics such as auditing, fraud, tax planning and regulations will keep you on on top of your financial planning.
S&W CPA is a leading accounting firm in Etobicoke, serving Toronto, Mississauga, and the rest of the Greater Toronto area. Over the years we have helped several individuals and businesses achieve their financial goals. This blog gives us an opportunity to share our experiences, observations and latest news in the accounting world and help the Etobicoke business community and entrepreneurs.
See our resources page for useful resources such as forms and calculators.
A change took place 15 years ago that allowed Ontario doctors to take control of their income, allowing them to incorporate their business. That change applies to other Ontario professionals as well, including architects, lawyers and real estate agents. 2017 was the...read more
The quality of planning and the amount of research you do is directly correlated to how much financial assistance you can qualify for your new business. You must be able to demonstrate your understanding of every aspect of your business and its ability to generate a...read more
Tax season can be stressful, but you never want to bypass that stress by not filing your taxes! There are penalties and consequences for not filing your taxes on time and accurately. Every person and business needs to file their taxes annually. Depending...read more
As a public accountant advising personal tax clients and corporate tax clients, one of the most common questions I am asked is whether the vehicle should be leased or purchased. This answer can be simple and complicated at the same time. There are many things to...read more
The Tax-Free Savings Account (TFSA) program was introduced by the Canadian government in 2009 as an additional, and alternate, way to save money for the short-term and long-term. A TFSA is a unique savings account. Any money that is put into a TFSA is tax-free, as is...read more
Tax season is fast approaching. If you are a first time owner of a small business in Canada, you may not have expected the taxes that come along with your company to be so overwhelming. If you are having a hard time getting everything organized for your tax return,...read more
Starting your own small business is an exciting process, however, it does involve a lot of work for it to become successful! You have a vision and what you want to achieve, but it’s usually the “how will I make this work” question that some people can’t answer....read more
Anyone who lives in Ontario can tell you that one of the big things on everyone’s mind is the new minimum wage increase that is going to be implemented during 2018 and 2019. Of course, a minimum wage increase is going to have effects on your your small business. This...read more