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THE BLOSSOM BLOG
Money Made Simple
Practical tips and insights for interior designers and creative entrepreneurs. Learn how to manage cash flow, streamline operations, grow revenue, and tackle real-world business challenges—all in quick, actionable reads.
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2025–2026 Payroll Updates: Keep Your Team Paid Right and Happy
Payroll Updates Every Employer Needs to Know: CPP, EI, and Minimum Wage for 2025–2026
etel750
Oct 21, 20252 min read
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...
etel750
Jun 22, 20252 min read
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 11, 20252 min read
Your First U.S. Design Client? Here’s What Every Canadian Designer Should Know
Landing your first U.S. client as a Canadian interior designer is an exciting milestone—it signals growth, opportunity, and the chance to...
etel750
May 29, 20254 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
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
When Incorporating is wrong for you: Personal Services Business
What does Personal Services Business and incorporation have to do with each other? First, let's understand what a PSB is. CRA considers a...
etel750
Sep 19, 20222 min read
5 Reasons to work with an Accounting firm that exclusively supports Interior Designers & Architects
You are looking for a new accountant for your Interior Design Studio or Architect Firm. You realize that your business no longer needs: A...
etel750
Aug 15, 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
What these two Financial Statements are trying to tell you...
As a business owner, you need to refer to and rely on your business financial statements to make decisions and assess how your business...
etel750
Apr 3, 20224 min read
Repayment Tips for Canada Emergency Business Account - CEBA?
#businesssubsidies #deadlines #bookkeeping #repaymentplans If your business received a business loan under the CEBA government initiative...
etel750
Dec 4, 20212 min read
Dealing with Clients Deposits or Retainers
#interiordesigners #architects #builders #accounting #accountingforprojects Wondering how #clientdeposits should be treated in your...
etel750
Nov 9, 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
Ten Tips for closing 2020 and starting 2021 right!
In our last 2020 blog, we want to leave you with my top ten recommendations to close the year with confidence and start a plan of action...
Etel Igreda - Blossom CPA Director
Dec 1, 20202 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
New CRA requirements for Corporations
CRA has started to send letters to corporations requesting shareholders' information. Schedule 50 in the corporate tax return is...
Etel Igreda - Blossom CPA Director
Sep 8, 20201 min read
Etel Igreda - Blossom CPA Director
Feb 7, 20200 min read
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