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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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CEBA Repayment Deadline Approaching: Essential Steps and Tips to Ensure a Smooth Process
You may remember that the repayment dates have been pushed back a couple of times (does December 31 ,2022 and December 31, 2023 sound...
etel750
Nov 11, 20232 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


Repaying COVID-19 benefits & 2022 personal taxes
It may not be too early to think about your 2022 personal income tax... if you repaid COVID -19 benefits you will want to read on... As...
etel750
Oct 12, 20222 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


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


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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