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THE BLOSSOM BLOG
Updates, thoughts, and news that may interest any business owner in the Design and Build industry
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Behind the Scenes: The Real Challenges of Working with Suppliers in Interior Design
Every designer knows the feeling: you’ve picked the perfect piece for a client, you’re excited to see it in the space… and then the...
Bookkeeping Challenges Every Interior Designer Should Know About
Bookkeeping for interior designers isn’t as simple as tracking income and expenses. Because projects often stretch over months (even...
Passive Income for Designers & Creatives: Start With What You Already Have
Think you’re too busy for passive income? Not when it’s inside your business. If you’re a designer, consultant, or creative...
Stop Choking Your Cash Flow: How to Turn Profit Leaks into Gains
” But what happens when that flow starts to slow down? You might have plenty of revenue coming in, but still find yourself struggling to stay afloat. The issue often isn’t income—it’s the way your money flows through your business. Let’s walk through common pitfalls and the step-by-step solutions to fix them, so you can turn your revenue into real profit.
Earning Vendor Commissions? Here’s What You Need to Know
Your First Commission Payment Just Landed 🎉 You’ve partnered with a vendor, made stellar product recommendations, and now you're earning...
Associated Companies: The Good, The Bad, and The Taxable
If you’re a creative entrepreneur with big ideas and more than one passion, the thought of starting a second business probably feels...
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What’s Yours Is Mine: A Conversation Between Shareholders and Their Corporations
Ever find yourself saying, “Well, it’s all my money anyway” when dipping into your Corporation's business account?
Let’s pause right there.
etel750
Jun 112 min read
Making the Switch easy as 1,2,3 from Sole Proprietorship to Corporation
Exciting times ahead! You are considering transitioning your business from a Sole Proprietorship (SP) to a Corporation. You are about to...
etel750
Jun 13, 20243 min read
What we all can learn from Shakira's tax evasion case
Shakira has just settled her tax evasion case by admitting wrongdoing and choosing to settle the matter. Hacienda (the Spanish Tax...
etel750
Nov 20, 20232 min read
Find Financial Clarity: Elevate Your Game with Stellar Bookkeeping
Hiring the right bookkeeping team can bring numerous benefits to your design business finances. Here are some reasons why you should...
etel750
Aug 14, 20233 min read
Proven Strategies to plan your personal tax season
Tax season often brings a mix of emotions, from stress and confusion to relief and excitement for potential refunds. However, with the...
etel750
May 19, 20232 min read
2023 Canadian Tax Deadlines
Put these dates on your phone or calendar app of your choice. Preparation is key. Sole Proprietorship in 2022: The filing deadline is...
etel750
Jan 6, 20231 min read
Repaying COVID-19 benefits & 2022 personal taxes
It may not be too early to think about your 2022 personal income tax... if you repaid COVID -19 benefits you will want to read on... As...
etel750
Oct 12, 20222 min read
How Will You Prepare Smarter for Next Tax Season?
Congratulations! You Filed your last Year's personal taxes (or not) and you are wondering how to make this process easier. The process...
etel750
May 10, 20222 min read
Do not lose access to your CRA My Account (for Individuals)! Changes in effect.
CRA is changing how CRA communicates with individual taxpayers. As of February 7, 2022, all My Account users (CRA Online account for...
etel750
Feb 7, 20222 min read
Working From Home in 2021? WFH Tax Deduction announced!
Like many Canadians, we all had to spend a great deal of time working from home in 2021. And as the year wraps you you may be wondering...
etel750
Jan 9, 20223 min read
All about Canada Pension Plan
This post will cover everything you need to know about the Canada Pension Plan and how it impacts your life today and in the future....
Etel Igreda - Blossom CPA Director
Apr 20, 20212 min read
New Home Office Expense Claim Methods
After much anticipation CRA delivered two methodologies available to claim Home Office Expenses for 2020: Simplified vs Detailed. In the...
Etel Igreda - Blossom CPA Director
Mar 2, 20212 min read
February 2021: The RRSP vs TFSA debate
In this issue, we rise the RRSP vs TFSA debate again for your review. If you are a higher income earner RRSPs may be the most apparent...
Etel Igreda - Blossom CPA Director
Feb 2, 20212 min read
Second Lockdown – Ontario Updates
In this January blog we decided to gather all the updates that have been just announced surrounding the second lockdown in Ontario plus...
Etel Igreda - Blossom CPA Director
Jan 5, 20212 min read
Canada Emergency Rent Subsidy (CERS)
The new CERS (the previous version known as CECRA) will provide direct rent and mortgage interest support to tenants and property owners...
Etel Igreda - Blossom CPA Director
Nov 3, 20202 min read
Estate Planning – Family Trusts
What’s Estate Planning anyways? It is the process of creating a detailed plan on how your assets will be distributed in the event of your...
Etel Igreda - Blossom CPA Director
Oct 6, 20203 min read
2019 Tax Checklist
2019 Personal Income Tax Checklist Please review this checklist and where applicable, provide the necessary slips or information via...
Etel Igreda - Blossom CPA Director
May 19, 20201 min read
COVID-19 Resources: Canada Emergency Response Benefit April 17th,2020 update
Canada Emergency Response Benefit (CERB) Updated: April 17th 2020 This program has regrouped employed and self-employed Canadian...
Etel Igreda - Blossom CPA Director
Apr 1, 20202 min read
COVID-19 Resources: March 25th, 2020 update
The previous Care and Support Benefits that were available to non-EI workers have merged into the new… Canada Emergency Response Benefit...
Etel Igreda - Blossom CPA Director
Apr 1, 20202 min read
Etel Igreda - Blossom CPA Director
Feb 7, 20200 min read
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