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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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Tax Tips for Small Business Owners: How to Lower Your Tax Bill and Stay Ready for Next Year
Tax season may have just ended, but that makes now the perfect time to get ahead for next year—especially if you're a small business...
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...
Dealing with Clients Deposits or Retainers
#interiordesigners #architects #builders #accounting #accountingforprojects Wondering how #clientdeposits should be treated in your...
Smart Designers Know: Flat Fees Aren’t for Every Project
Flat fees can be great—but they’re not always the right choice. Here are situations where you should avoid offering a flat fee  as an...
7 Accounting tips for Designers, Architects and Contractors to Prepare for Year End
As we usher in the new year and close out 2024, it’s time to ensure your finances are organized and ready for a fresh start. For design...
Financial Clarity with the Profit & Loss Generator: A Simple Solution for Solopreneurs
Are you a business owner juggling every part of your business, from client work to admin, with no accounting software or one that feels impo
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Etel Igreda - Blossom CPA Director
Feb 7, 20200 min read
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What is a Modern Accountant?
View this post on Instagram . A modern accountant is mindful, open to change and curious. She knows that she doesn’t know it all and she...
Etel Igreda - Blossom CPA Director
Oct 13, 20191 min read
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CPA Conference: Shaping the Modern Accountant through AI
View this post on Instagram . Lots of great insight about how CPAs must embrace Artificial Intelligence. . #artificialintelligence...
Etel Igreda - Blossom CPA Director
Oct 13, 20191 min read
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Accounting And Finance Show – 2019
View this post on Instagram The Accounting and Finance Show in #toronto had a cozy set up with half an hour presentations and round table...
Etel Igreda - Blossom CPA Director
Oct 13, 20191 min read
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