Running a small business includes maintaining the books, managing cash flow, and filing taxes on time, which can prove challenging. Therefore, if you’re unfamiliar with bookkeeping, it’s best to leave the process to a professional who can analyze your financial statements and file your taxes accurately. 

I’m Elisa Walker, the proud owner of Ocean Breeze CPA.

Paying taxes is tough, but making mistakes and overpaying can be painful. And of course, some tax mistakes can lead to a CRA review or audit. Ouch! It can be a challenge for small business owners to plan for their company’s taxes. After all, you are a professional in your field, not intricate tax law and taxes. The truth is that filing your small business taxes each year does not have to be stressful or a pain to do. With a bit of work throughout the year, filing your taxes can be much simplified.  

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You’ve started your small business and are operating as a proprietor (an unincorporated business) or in a partnership. Can using your home for all or part of your business operations save income taxes from the Canada Revenue Agency (CRA)? The answer: that depends. You can deduct some pro-rata part of your home expenses, if you …

Each of COVID-19, technology, and modern business practices, have led to a significant rise in, especially, office employees working from home all or some of the time. This leads to a question: as an employee, will the Canada Revenue Agency (CRA) allow me to claim some home expenses as an employment cost, which will therefore …

If you are in the process of starting a business or you have a newly formed business – Ocean Breeze CPA can help! Our team of business accounting, bookkeeping and tax preparation experts are here to help you every step of the way. You probably have a few questions, concerns, or things you are still …

Smooth Sailing with Ocean Breeze Accounting! We are delighted to share our new logo, web site and blog with you! Here you’ll find all kinds of interesting articles and important updates that will make a difference for your individual, business, corporate and non-profit bookkeeping, accounting and tax reporting. Please check back often for new info! …