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6 Tips for Budgeting for the Holiday Season
The holiday season is one of the busiest and most financially challenging times of the year for many small businesses. Whether you’re managing higher inventory costs, increased payroll for seasonal staff, or planning client appreciation gifts, expenses can quickly add up. The key to staying profitable (and stress-free) through the holidays is having a smart, realistic budget in place. Here are some practical tips to help small business owners prepare their finances for the ho

Onyx Accounting
Oct 273 min read
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6 Things You Should Know Before Hiring Seasonal Workers
As the holiday season approaches, many small businesses find themselves busier than ever. Retailers see higher sales, service-based companies handle more appointments, and offices often face year-end deadlines. To manage the extra workload, hiring seasonal staff can be a great solution, but it’s not without its challenges. Before you bring on short-term employees, it’s important to understand the HR and payroll implications that come with seasonal hiring in Canada. Here’s wha

Onyx Accounting
Oct 223 min read
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Top 5 HR Mistakes Small Businesses Make and How to Avoid Them
When you’re running a small business, HR often takes a back seat to more immediate priorities like sales, customer service, and...

Onyx Accounting
Sep 122 min read
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The Benefits of Cloud Accounting Software for Small Businesses
Running a small business is exciting—but it also comes with plenty of moving parts to manage, especially when it comes to your finances....

Onyx Accounting
Sep 43 min read
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6 Ways to Prepare Your Business for Q4
As the year winds down, the last quarter can feel like both an opportunity and a challenge. On one hand, it’s the final push to hit your...

Onyx Accounting
Aug 273 min read
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6 Financial Tasks to Prioritize This Fall
Summer often brings a slower pace, but as fall begins, business activity picks up and year-end starts to feel closer than ever. That...

Onyx Accounting
Aug 202 min read
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How to Catch Up on Your Bookkeeping If You’ve Fallen Behind
If bookkeeping has slipped to the bottom of your to-do list this year, you’re not alone. Many small business owners get caught up in the...

Onyx Accounting
Jul 282 min read
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Protecting Your Business from Fraud: 6 Red Flags to Watch For
Fraud can happen to any business, regardless of size or industry. For small businesses, the impact of fraud can be especially devastating...

Onyx Accounting
Jul 172 min read
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Mid-Year Financial Check-In: What Should Be on Your Radar?
We’re halfway through the year—and it’s the perfect time to hit pause, take a step back, and check in on your business’s financial...

Onyx Accounting
Jun 252 min read
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How to Pay Yourself as a Business Owner: Salary vs. Dividends
One of the biggest perks of running your own incorporated business is the flexibility to decide how you pay yourself. But with that...

Onyx Accounting
Jun 182 min read
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When to Consider Incorporating Your Small Business
As your small business starts to grow, you might wonder if it’s time to incorporate. Incorporation can offer several advantages, but it’s...

Onyx Accounting
May 262 min read
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Missed the Tax Deadline? Here’s What to Do Next
Life gets busy, and sometimes tax deadlines sneak up on us. If you missed the April 30, 2025 personal tax filing deadline in Canada,...

Onyx Accounting
May 223 min read
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Avoiding an Audit: Red Flags the CRA Looks For
Filing your taxes is an important responsibility—but for many individuals and small business owners, there’s an extra layer of anxiety:...

Onyx Accounting
Apr 163 min read
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How to Use Your Tax Refund Wisely
Getting a tax refund can feel like a small windfall—whether it’s a few hundred dollars or a few thousand, it’s always tempting to treat...

Onyx Accounting
Apr 103 min read
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Common Tax Mistakes Canadians Make—and How to Avoid Them
Tax season can be stressful, and even small mistakes can lead to penalties, missed deductions, or delays. To help you file accurately and...

Onyx Accounting
Mar 122 min read
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Hiring Your First Employee? Here’s What You Need to Know About Payroll & Taxes
Hiring your first employee is an exciting milestone for any small business. It means growth, new opportunities, and the ability to...

Onyx Accounting
Mar 52 min read
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What You Need to Know About the 2025 RRSP Contribution Deadline
As tax season approaches, one important deadline that Canadians shouldn’t overlook is the RRSP contribution deadline. The deadline to...

Onyx Accounting
Feb 122 min read
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Why Your Accountant Should Be Your Business’s Best Valentine
February is the month of love, and while you may be showering your significant other with chocolates and flowers, let’s not forget about...

Onyx Accounting
Feb 72 min read
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7 Financial Strategies for Scaling Your Business in 2025
As we enter the New Year, business owners are focusing on how to expand their operations and achieve growth. Whether you're a small...

Onyx Accounting
Jan 153 min read
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6 Ways to Stay on Top of Invoicing and Payments in the New Year
The start of a new year is the perfect opportunity for business owners to reassess their processes and implement strategies that will...

Onyx Accounting
Jan 73 min read
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