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

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The Benefits of Mergers and Acquisitions

Whether you are the one acquiring a company, or transitioning a company to someone else, there are a number of potential benefits available to combining organizations.

Think Strategically To Define Your Vision

Most business owners have a vision for their enterprise but often lack the strategies that will enable them to realize that vision. What they need to do is to commence the process of strategic thinking.

Tax Planning for Canadian Snowbirds: Understanding the Tax Implications of Spending Time in the U.S. and Abroad

Flying as a Non-Resident Alien Through Tax Planning The snow is flying, and the snowbirds are heading to the sun. The migration is filled with anticipation of warmer days ahead but a lack of planning before departure can leave a sunny destination …

Tax Implications on U.S. Property Purchases

A client (Canadian resident) recently asked whether he was required to complete tax form T1135 for a condo purchased in Florida for CAD$125,000 equivalent. The simple answer – it depends!

Self-Employed or Employee?

To determine if a worker is an employee or a self-employed individual, one has to examine and analyze the terms and conditions of the worker’s employment as they relate to the following four factors:

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 …

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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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