top of page
THE BLOSSOM BLOG

Updates, thoughts, and news that may interest any business owner in the Design and Build industry
Anchor 1


Why Most Budgets Fail — And How Yours Can Succeed.
told my youngest daughter the Christmas list had shrunk… not her favorite news! and this reminded me why so many clients hesitate to budget — projects, clients, and the economic climate can all be unpredictable.
etel750
Nov 212 min read


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 212 min read


Supplier Strategies for Interior Designers: Payments, Terms & Partnerships
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 supplier side of things gets messy.
etel750
Sep 273 min read


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 years) and involve multiple vendors, deposits for vendors and client retainers, design businesses face unique accounting challenges.
etel750
Sep 122 min read


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 entrepreneur, you might already have untapped income opportunities inside your existing business. Here's how to unlock them — starting with the easiest wins. High-Yield Business Savings Account: This is the easiest passive income stream you can tap into — no extra work required. Simply park your client retainers or deposits in a place where they can
etel750
Aug 83 min read


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.
etel750
Jul 234 min read
Search


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 212 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 222 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 112 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 294 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
bottom of page


