m7grp, Author at M7 Group

31 de July de 20249 de August de 2024Bookkeeping, Software Integration, Taxesm7grp

You’re Being Audited… Now What?

"You’re being audited..." is the last thing anyone wants to hear. So, how can you make sure you’re steering clear of a CRA audit? Hearing the words, "you’re being audited," is enough to make any business owner break out in a…

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31 de July de 20248 de August de 2024Bookkeeping, Taxesm7grp

From $3k Owed to $15k Refunded: A Successful CRA Audit Outcome

The Challenge: CRA Audit and a $3,000 Demand At M7 Group, we pride ourselves on our expertise and dedication to ensuring our clients achieve the best possible outcomes when dealing with the Canada Revenue Agency (CRA). One of our recent success…

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31 de July de 20247 de August de 2024Bookkeeping, Taxesm7grp

What triggers a CRA audit in Canada and what is the importance of keeping your books in order for the CRA?

You're blind if you don't know your business metrics! We have numerous clients whom we have represented, and thanks to their well-organized books, they received significant refunds. A CRA audit can be triggered by several factors, with disorganization and prolonged delays in…

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8 de July de 20245 de August de 2024Bookkeeping, Business Formation, Payroll, Software Integration, Taxes, Virtual CFOm7grp

What are the benefits of accounting services for my business?

Essential Accounting, Tax Preparation, Bookkeeping, and Payroll Services for Your BusinessMany businesses fail within their first year because owners attempt to handle everything independently. Running a successful company demands diligence and focus, and accounting, often intricate and time-consuming, exceeds the…

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1 de June de 20245 de August de 2024Taxesm7grp

How to Pay Taxes as Self employed in Canada?

Being self-employed in Canada comes with unique advantages and responsibilities. According to the Canada Revenue Agency (CRA), self-employment includes earning income from a business, profession, commission, farming, or fishing activity that you operate on your own or with a partner. Benefits…

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20 de May de 20245 de August de 2024Bookkeeping, Constructionm7grp

Why strong bookkeeping matters for canadian construction industry?

Navigating Canada's construction scene demands sharp financial acumen. With costs, cash flow, and regulations to juggle, robust bookkeeping isn't just helpful—it's vital. Join us as we delve into why solid bookkeeping is a cornerstone for Canadian construction firms. 1) Effective Methods…

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5 de May de 20245 de August de 2024Taxesm7grp

Filing taxes for an incorporated business? Here’s what to watch for

Keep these four things top of mind when preparing your T2 return effectively!Once you incorporate your business, there are also a different set of tax rules to follow when filing your year-end taxes.As tax season approaches, the biggest difference between…

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15 de April de 202414 de May de 2024Taxesm7grp

How to avoid tax penalties and fees

Filing your taxes accurately and on time in Canada is crucial to avoid penalties. For assistance, consider consult us and choose from our range of plans. Stay organized and meet deadlines to manage your finances effectively! Why could you end…

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15 de January de 202414 de May de 2024Bookkeepingm7grp

The importance of a Personal Tax Accountant

Navigating the complexities of personal taxes can be a challenging task for Canadian residents. In this blog, we'll explore why hiring a personal tax accountant is a wise decision and how it can benefit both your financial well-being and peace…

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Author: m7grp

You’re Being Audited… Now What?

From $3k Owed to $15k Refunded: A Successful CRA Audit Outcome

What triggers a CRA audit in Canada and what is the importance of keeping your books in order for the CRA?

What are the benefits of accounting services for my business?

How to Pay Taxes as Self employed in Canada?

Why strong bookkeeping matters for canadian construction industry?

Filing taxes for an incorporated business? Here’s what to watch for

How to avoid tax penalties and fees

The importance of a Personal Tax Accountant

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