by bbatax | Aug 14, 2025 | Accounting
Table of Contents Introduction: Why CRA Audits Matter for Small Businesses What is a CRA Tax Audit? How CRA Decides Who to Audit Common Red Flags That Trigger Audits Types of CRA Audits Small Businesses Face The CRA Audit Process Step-by-Step Top Tips to Avoid a CRA... 
by bbatax | Aug 14, 2025 | Accounting
Table of Contents Introduction: The Rise of Remote Work in Canada Understanding CRA’s Rules for Home Office Expenses in 2025 The Temporary Flat Rate Method vs. Detailed Method What Qualifies as a Home Office in the Eyes of CRA Common Work-from-Home Tax Write-Offs What... 
by bbatax | Jul 21, 2025 | Accounting
As a small business owner in Canada, one of the most important decisions you’ll make is how to pay yourself. Whether you’re operating as a sole proprietor, a partnership, or a corporation, understanding how compensation works not only impacts your personal... 
by bbatax | Jun 16, 2025 | Accounting
If you’re a business owner in Canada, the words “CRA audit” can send a shiver down your spine. But here’s the truth: not all audits are cause for panic, and many are preventable. By understanding what triggers an audit from the Canada Revenue Agency (CRA), you... 
by bbatax | May 30, 2025 | Accounting
Choosing the right accounting software is a critical decision for any small business. Effective accounting software can streamline your financial management processes, save time, and improve accuracy, ultimately contributing to the overall health and growth of your...
