Monthly Archives: March 2013

Read Financial Statements Like a Pro

When: 25 Apr 2013, 6:00pm-7:30 pm Numbers tell a story and you want to know how to read those numbers. In this seminar you will learn accounting terms e.g., revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. Learn the basic accounting concept and find out what debits and credits mean

Continue Reading →

Turn your ideas into a business

When: April 18, 2013 from 6:00 pm-8:00 pm. We are glad to invite you to share information about the help given by the government to start-up business, at April event organised by WoS – The Success in Business and Nicole Dronca – CGA, Accounting and Tax. Turn your ideas into a business. Thinking of starting

Continue Reading →

Real estate rentals

Rental income is earned by renting space and providing only basic services, such as heating, air conditioning, and building maintenance. If additional services, such as meals, cleaning, fresh linen and washroom supplies, among others are provided, the rental income may be considered business income. The more services provided, the greater the chance the rental operation

Continue Reading →

Sole Proprietorship vs. Corporation (Part II) – Legal Aspects

Legally and practically as sole proprietor there is no separation between the sole proprietorship business organisation and the individual. In this form of organisation, the sole proprietor gets all the benefits, and all the burden of the business. And this means the following: –          As a sole proprietor you cannot be an employee of the business

Continue Reading →

Keeping the paperwork

Each business sale or purchase must be backed-up by records containing the amount, the date, and details of what the money was used for (e.g. I bought a power tool from Canadian Tire for $150 on 5th January) or received in respect of (Mrs Jane paid me $100 to fix her Shower on 1st April)

Continue Reading →