Jun 15, 2022

Understanding your income statement: the money you earn is not the money you keep

Have you ever heard the saying: “revenue is vanity, profit is sanity, cash is king”?  Well, you have now! What the heck does it mean anyway, and why should you care? There’s a lot of jargon in the world of...

Jun 07, 2022

Top 5 tax mistakes self-employed Canadians make and how to avoid them

Making mistakes is part of life, and it’s most certainly part of business life. We all know that, and yet, none of us like making them. This is especially true when it comes to our finances. Somehow there’s an extra layer of...

May 15, 2022

Do I have to report cash income? What you need to know

Has this ever happened to you?

You are enjoying a beauty service (eyelash extensions, anyone?). You finish up, head to the front desk to pay, and the business owner says, “If you pay cash you don’t have to pay tax.”...

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