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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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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
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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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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
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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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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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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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