Accounting Blog for Businesses in Burlington, Oakville & Hamilton | SB Partners

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Three Reasons Auto Dealers Should Have a Personal Financial Plan

Most auto dealers would agree that personal financial planning is important but too often multiple priorities and the daily pressures of the business distract from developing a comprehensive strategy. Below we outline why financial planning is …

Tips to Identifying Personal Expenses When Doing Income Reports

An important issue for any Income For Support (“IFS”) report is identifying personal items that are included in the expenses of a business. While it is extremely common for business owners to deduct personal items in their expenses, it can be …

SB Partners wins the Heritage Award at the Burlington Chamber 2025 Business Excellence Awards!

SB Partners is proud to announce that it has been awarded the 2025 Heritage Award from the Burlington Chamber of Commerce, recognizing 50 years of dedicated service and contribution to the Burlington community. This milestone celebrates the …

Understanding Income Valuations and the Discounted Cash Flow: An Introduction

This article is an add-on to our previous article on the Capitalized Cash Flow (CCF) approach. Another income approach is the Discounted Cash Flow (DCF) approach. People who do not work in finance are likely unfamiliar with the term DCF. This method …

Thank You, Burlington!

SB Partners has been selected as the Diamond Winner in the “Best Accounting Firm” category for the Burlington Post Readers Choice Awards 2025. The Readers Choice Awards is an opportunity for the public to vote for their favourite businesses in the …

Sleepless for Our Community

It’s uncomfortable, difficult, and cold. On February 21st, 2025 SB Partners team members, Trevor Hood, Eric LaCourt, and Deandra Pekrul participated in the United Way Halton & Hamilton’s Sleepless For Our Community event by spending the night in …

Tariffs and Business Valuation - What's the Impact?

If there was one word that I would use to describe the start of 2025 it would be uncertainty. Not only are we in the midst of a provincial election in Ontario, but a Federal election is likely around the corner and there has obviously been a major …

2024 Capital Gain Changes - Where are We Now?

In May 2024, we wrote an article detailing the changes that came out of the 2024 Federal Budget with respect to the taxation of capital gains and the corresponding impact on family law. While it was widely expected that those changes would be …

Understanding Our Business Succession Planning Process

Succession Planning: What can I expect? Our Business Succession Planning Process Succession planning is a complex and multidisciplinary process. We work closely with you to develop a clear strategy and action plan that recognizes your unique …

Succession Planning for Privately vs Family Owned Businesses

Succession Planning For Privately Owned Businesses Planning for the future starts with the present. Without a family heir(s) to inherit the business, business owners must consider who will be a good fit to acquire the business, or even if the …

What’s New This Tax Season?

Personal Tax Updates Every year there are new rules and regulations around what credits and deductions you can claim on your income tax filing, and what you need to do to claim it. Brent Sousa, Senior Manager of Assurance & Advisory at SB Partners …

CRA Moves Businesses to Online Mail

Starting in spring 2025, the Canada Revenue Agency (CRA) will switch to delivering most business correspondence through its online portal, My Business Account, instead of by paper mail. This change will apply to all businesses that are registered …

What is the New Quickbooks Online-FINTRAC Requirement?

As a result of the new FINTRAC regulatory requirements, Intuit is updating certain elements within QuickBooks to ensure products are compliant. To meet FINTRAC guidelines and maintain regulatory compliance, QuickBooks now requires this information …

What Makes a Good Business Plan?

What is a Business Plan? A business plan is a financial document that outlines a business goal or opportunity that provides the user with sufficient information to assess its viability.

The Impact of HST on Insurance Premiums in Ontario

2015 Update Rules after Implementation of HST When Ontario joined the HST system on July 1, 2010, it substantially eliminated its PST on goods and services. However, it retained its PST of 8 percent on insurance premiums, as before. Automobile …

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Do you have a question for SB Partners? Need help to understand your business financials or value? We’re here to help with all of your accounting needs, please get in touch today.

Email us at help@sbpartners.ca or give us a call at 905-632-5978 or toll-free at 1-866-823-9990.

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