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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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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
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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
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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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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
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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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How to Protect your CRA Account from cyber-attacks
There was a “digital storm” brewing in CRA headquarters over this past weekend as CRA shutdown Services Due To Cyber Attack Link:...
Etel Igreda - Blossom CPA Director
Aug 4, 20202 min read
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COVID-19 Resources: Canada Emergency Business Loan (CEBA) July 17th, 2020 update
CEBA stands for Canada Emergency Business Account and it has created a big buzz around business owners. Note that the deadline to apply...
Etel Igreda - Blossom CPA Director
Jul 17, 20202 min read
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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
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COVID-19 Resources: April 9th, 2020 update
The Wage Subsidy plan is taking shape. Those businesses that have some business trickling in should consider this subsidy and...
Etel Igreda - Blossom CPA Director
Apr 9, 20203 min read
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COVID-19 Resources: List of Essential Workplaces for Ontario on April 3rd, 2020
Updated April 4th 2020 The provincial government has updated the list of essential workplaces (effective April 4th 2020 at 11:59pm) in...
Etel Igreda - Blossom CPA Director
Apr 4, 20202 min read
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Federal Wage Subsidy Highlights + Benefits April 1st 2020
These last couple of weeks have been intense to say the least. We are streamlining the information that you must access – So rather than...
Etel Igreda - Blossom CPA Director
Apr 2, 20202 min read
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