News & Updates

New & Updates for Ontario Business

We like to offer clients information and updates on news that may have personal or business tax implications, or which may affect business operational decisions.


VIEW POSTS BY CATEGORY

Virtual ServicesFarm Businesses RestaurantsPayrollHSTBookkeepingWSIB
U.S. TaxCanadian Tax


MLA now has access to NY state “Online Services for Tax Professionals”

MLA now has access to NY state “Online Services for Tax Professionals”

We can E-file your federal and NY state tax return, and we can quickly and effectively do critical follow-up when responding to review letters from the Canada Revenue Agency, where claiming the foreign tax credit is involved.

Read more

Government Grants & Funding

Government Grants & Funding

As a former investor for a large government-backed financier, I know there is a lot of public and FREE financing available to entrepreneurs, if you know where to look.

Read more

Private Share Offerings

Private Share Offerings

Private share offerings are one way to raise funds when your business is growing beyond the seed stage.

Read more

Preparing a Business Plan

Preparing a Business Plan

Business Planning is Critical - not just in the early stages, but throughout the life cycle of your business.

Read more

By-laws, shareholder agreements and other legal items.

By-laws, shareholder agreements and other legal items.

What points should be addressed in your corporation’s by-laws, shareholder agreements and other legal items?

Read more

Founder Compensation

Founder Compensation

An important discussion to have upfront with your executive team is how and when to compensate yourselves, as well as how much.

Read more

Shareholder Exit Strategies

Shareholder Exit Strategies

The shareholder exit is an event which will occur at some point in the future of any company, whether it's when the founder retires or simply moves on to other projects. For start-ups there are a few different shareholder exit strategies that can be considered.

Read more

Should I give my employees or executives stock option plans? How do they work?

Would offering stock option plans to your key employees or executives be beneficial to your business?

Read more

Protecting Your Intellectual Property

Protecting Your Intellectual Property

Intellectual property (I.P.), namely patents, are the key ingredient for technology companies. How should your business approach the patent process?

Read more

How to value a Pre-Revenue Company?

How to value a Pre-Revenue Company?

How to value a pre-revenue company is always a difficult question, but there are some tools and general principles to help guide founders when preparing offerings, and investors when deciding on whether to accept an offering.

Read more

What is the difference between Venture Capitalists (VC) and Angel Investors?

What is the difference between Venture Capitalists (VC) and Angel Investors?

This is a really great question - when raising growth capital for your business, what differentiates angel investors from venture capitalists?

Read more

NEW! E-File your US Personal Taxes and save time and money!

Through our associated company, Cross Border Tax Services, we now offer convenient e-filing of U.S. personal tax returns for Canadian residents.

Read more

I won money gambling in the U.S. and the casino took a lot of tax, can I get any back?

If you've gambled in the United States and the casino took a lot of tax, you are eligible to receive a return. However, there some steps which need to be taken before you can receive the money.

Read more

Can I deduct my medical expenses? What is a PHSP?

As a tax payer, you are entitled to claim the medical expense credit. However, if you are a business owner, there are much better options for you and your family.

Read more

We're selling our house & moving into our rental property - do we have to pay tax?

There are tax payment options that you have when you change your rental or business property to a principal residence.

Read more

I'm selling property - do I have to pay any tax?

There are many factors which can affect the amount of tax you pay when selling a property.

Read more

What is FBAR – and do I need to file?

If you are a U.S. citizen, and you have any foreign financial accounts you may have to file an FBAR (Foreign Bank Account Reporting) form.

Read more

I am a Canadian selling property in the U.S. – do I have to file or pay U.S. taxes?

There are a number of different possibilities for Canadian citizens selling property in the U.S., which a U.S. tax expert can talk you through.

Read more

Do U.S. citizens in living in Canada have to file a US tax return?

US citizens living in Canada have an obligation to file US tax returns.

Read more

I own a rental property in Florida, do I have to file a U.S. return?

Many of our clients are Canadian citizens who own properly in a US state, such as Florida and often don't know the ins and outs of filing US taxes.

Read more

Bookkeeping, Accounting & Tax Services You Can Count On.

Give us a call today to see how we can maximize business bookkeeping efficiencies and minimize personal and business tax risk.

Get Started