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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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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...


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.


Earning Vendor Commissions? Here’s What You Need to Know
Your First Commission Payment Just Landed 🎉 You’ve partnered with a vendor, made stellar product recommendations, and now you're earning...


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...


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.


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...
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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


Improve your processes
#workflow #technology #accountingadvise In general terms, #processimprovement is the practice of optimizing existing business processes...
etel750
Nov 9, 20212 min read


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


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


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
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