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

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Pulling the Trigger: Pros and Cons of the “Shotgun Clause”

What is it? The shotgun clause is a common tool in Shareholders’ Agreements that function as follows:

Protect Your Business from Hidden Risks

Owners and managers of growing businesses are often so focused on customers, driving sales and expanding business, they fail to address internal issues that can also have an enormous impact on their business. You may have taken out adequate …

Optimize tax deductions from your rental properties with a good plan

Expense this, deduct that Investing in real estate is a great addition to investment portfolios. Whether you hold property waiting for the value to increase, or utilize it for rental income, investing in real estate has been a popular choice for …

There are many myths about business tax

Many people believe that if you run a business it will be a great tax break due to the expenses you can write-off. This is not exactly the case. Also, consider the time and effort it takes to collect and remit taxes—a task that non-business owners …

What is the Value of an Audit?

Many people ask about the genuine value of an audit. Traditionally, an audit not only costs more than a review engagement, but it also consumes more of your staff’s time.

Unlocking Opportunities: Grants and Government Funding for Non-profits, Charities and Social Enterprises in Ontario

Non-profits, charities, and social enterprises play a vital role in communities providing much needed support and services. Funding is a critical aspect of fulfilling their missions, and while many rely on donations, grants provided a much-needed …

ONCA: Enhancing Options for Not-for-Profit Corporations in Ontario

The Launch of ONCA and the Ontario Business Registry The launch of ONCA was closely tied to the introduction of the Ontario Business Registry (OBR), which also became operational on October 19, 2021. This registry significantly enhances the …

Reporting Requirements of Charities & Non-Profit Organizations

The current reporting requirements for Charities & Non-Profit Organizations have left a lot of our clients wondering what exactly they are required to file. This article is intended to act as a general guideline for the reporting requirements of …

Recession Proofing Your Business

Opportunities for Business Owners during Recessionary Periods Recessions need not be all doom and gloom for business owners. In times of economic downturn, some opportunities open for business owners, and in some cases their families as well, that …

Drive the Value of Your Business

Given the current economic climate, where we are seeing increased M&A activity within our client base, it is important for business owners to start to think about and focus on activities that they can undertake to enhance the value of their …

Charitable Donations - Ensuring Legitimacy

Charitable donations make all sorts of sense: they support worthy causes, donors can be eligible for tax write-offs and let’s face it, helping others makes us feel good. You may budget for a certain amount each year to be distributed to your …

Basic Stages to Starting a New Business

Government regulations aside, it really isn’t that difficult to start a small business if you progress through the appropriate stages. Most challenging is the planning and market research you should do ahead of time to ensure your business will be …

Client Portal Tutorials

Learn how to use the SB Partners Client Portal with these helpful video tutorials. View our video guide below. Please click here to access the client portal Updated January 2025

Legitimate Business Expenses to Deduct on Your Income Taxes

Before you start preparing for your income tax return, it is wise to familiarize yourself with all the business expenses you may legitimately deduct from your income taxes.

Accepting Cash for Jobs can be a Risky Business

We all know about the underground economy – a quiet, cash-in-the-pocket exchange for a product or service. For many people, conducting business in this manner is considered a ‘win-win’ since tax savings are had on both sides of the transaction. But …

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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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