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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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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...
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...
Sister 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...
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.
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Cash Flow Confidence
A positive cash flow is key for survival and success, and why not dare to say confidence. Cash Flow Confidence can show in different ways...
etel750
Nov 9, 20212 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
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
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
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
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
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
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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