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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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4 Top Accounting Mistakes to Avoid Before the Year Ends
As the year comes to a close, business owners and freelancers are focused on preparing for holiday expenses, client deadlines, and...

Onyx Accounting
Dec 12, 20243 min read
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How to Set Realistic Financial Goals for the New Year
As we approach the end of the year, it’s the perfect time for business owners and freelancers to evaluate their financial situation and...

Onyx Accounting
Dec 11, 20243 min read
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How to Build an Emergency Fund as a Self-Employed Professional
In the world of self-employment, income can be unpredictable. One month might bring in a steady stream of work, while the next could be...

Onyx Accounting
Nov 18, 20243 min read
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Countdown to Black Friday: How Retailers Can Prepare for the Busiest Season
With Black Friday and the holiday season approaching, retailers have the chance to make it their most profitable time of the year. To...

Onyx Accounting
Nov 8, 20243 min read
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How to Manage Cash Flow as a Freelancer
As a freelancer, managing cash flow effectively is crucial for sustaining your business and ensuring financial stability. Unlike...

Onyx Accounting
Oct 24, 20242 min read
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Should You Outsource Your Accounting Needs?
As we approach the end of the year, many small business owners begin to reflect on their financial management strategies and consider how...

Onyx Accounting
Oct 20, 20243 min read
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5 Ways to Handle Seasonal Fluctuations in Cash Flow
Managing cash flow during seasonal fluctuations is a common challenge for many businesses. Whether your business experiences peaks and...

Onyx Accounting
Sep 18, 20243 min read
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The Importance of Cybersecurity in Accounting
In today’s digital age, safeguarding your financial data is more crucial than ever. With the increasing prevalence of cyber threats,...

Onyx Accounting
Sep 15, 20243 min read
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4 Accounting Tips for Freelancers
Freelancing offers the freedom to work on your terms, but it also comes with the responsibility of managing your finances effectively....

Onyx Accounting
Aug 26, 20243 min read
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How AI and Automation Are Changing the Accounting Industry
The accounting industry is undergoing a significant transformation, driven by advancements in artificial intelligence (AI) and...

Onyx Accounting
Aug 23, 20244 min read
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How to Scale Your Business Without Breaking the Bank
Business growth is an exciting prospect for any entrepreneur. It signifies success, increased revenue, and the potential for long-term...

Onyx Accounting
Jul 9, 20243 min read
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Tax Implications of Hiring Seasonal Employees
For many Canadian businesses, particularly those in retail, tourism, and agriculture, hiring seasonal employees is a necessity. While...

Onyx Accounting
Jul 5, 20243 min read
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