m7grp, Author at M7 Group

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 20242 de January de 2025Bookkeeping, 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 202423 de December 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 services is a cornerstone for Canadian construction firms. 1) Effective…

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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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9 de January de 202412 de December de 2024Taxesm7grp

What is the TFSA Limit for 2024?

The Canada Revenue Agency (CRA) has announced the 2024 Tax Free Savings Account (TFSA) contribution limit is $7,000. This is up from the 2023 contribution limit of $6,500. Want to learn more about this investment option? Read on to learn…

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7 de January de 202423 de December de 2024Virtual CFOm7grp

What is a fractional CFO? (And who should hire one?)

A fractional CFO is a financial expert with years of experience who provides the job functions of a Chief Financial Officer but on a part-time basis. They often work with multiple clients on a subscription or project-basis rather than working…

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Author: m7grp

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

What is the TFSA Limit for 2024?

What is a fractional CFO? (And who should hire one?)

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