September 1, 2023 by Shannon McIntosh, Manager

The evolving state of cloud accounting

Welcome back to The Bright Side! This month’s blog post explores the evolving state of cloud accounting and all the positive ways businesses that migrate to the cloud can benefit from this shift, including new access to efficiencies and savings. All the time and money you devote to data entry could be eliminated almost overnight with a shift toward automation, and significant new possibilities are emerging with each passing month. Cloud accounting ultimately frees business owners to focus more on what they do best. If you’re not sure cloud accounting is right for you, allow me to explore The Bright Side.

June 27, 2023 by Shannon McIntosh, Manager

Knowing your worth as an entrepreneur

Welcome to this month’s edition of The Bright Side. This time around, we’re diving into key aspects of taking your business to the next level as a new entrepreneur. These include how much to charge your clients, how to set and achieve big business goals and building strong client relationships.

May 24, 2023 by Shannon McIntosh, Manager

Entrepreneurship and motherhood

Welcome to this month’s edition of The Bright Side. If your goal is to be a mom while running your own business, this blog entry is for you. There are plenty of ways to balance the dream of motherhood without extinguishing the flames of entrepreneurship. Don’t doubt yourself, you can do it all. Though it is a lot of work, the best things always are!

March 13, 2023 by John F. Oakey

Rumours, predictions and questions

The 2023 federal budget is just around the corner. What new tax measures can we expect to see from Finance Minister Chrystia Freeland? Without a crystal ball, we are left with educated guesses, informed speculation and, in some cases, open questions. Here, we take a look at what the budget may hold and break down some possible outcomes.

February 28, 2023 by Shannon McIntosh, Manager

Turning ambition into a beautiful business

Welcome to this month’s edition of The Bright Side. Recently, I had the pleasure of chatting with Natasha Sangra, one of our clients at Baker Tilly Catalyst. She took her business, The Beautox Bar, from bold idea to successful reality through plenty of hard work, planning and determination. Let’s dive into how she did it.

February 10, 2023 by Shannon McIntosh, Manager

Choosing between sole proprietorship and incorporation

Manager, Client Advisory at Baker Tilly Catalyst, Shannon McIntosh has overcome anxiety, insecurity and depression to emerge as a voice of empowerment, helping clients and colleagues exceed expectations and break new ground. In The Bright Side, she taps into her specialized experience working with non‑profit businesses and her passion for helping organizations that support the community to offer enlightening tax, financial and business guidance to help replace self‑doubt with self-belief.

December 12, 2022

Five in five: Rock Lapalme

“As a profession, accounting and how accountants work will benefit profoundly from the trend toward greater automation and artificial intelligence applications.”

December 9, 2022 by Chris Alexander

Self-assessment of GST/HST collected on the sale of real property

The Excise Tax Act (ETA) outlines specific rules regarding the reporting of GST/HST collected on sales of real property used in commercial activity. The ETA requires self‑assessment of GST/HST payable on a transaction by the purchaser, rather than collection and remittance by the vendor. Instead of immediately remitting the GST/HST to the vendor, the buyer is required to declare GST/HST collected and GST/HST paid (if the expense is eligible for an input tax credit) on their own return.

September 22, 2022 by Tammy Carlin

Five in five: Tammy Carlin

“The best advice I ever received did not come through words. It came by observing my longtime mentor in action. Following his lead, [SA1] I prioritize respect, trust, care and empathy in serving clients and mentoring staff.”

August 24, 2022 by Candice McKay

Why farm businesses should move into the cloud

Over the past 10 years, we have seen a great deal of consolidation among agribusinesses. As these businesses grow and accumulate debt, doing the bookkeeping and accounting at the kitchen table is no longer viable. By introducing cloud-based accounting, these businesses are better positioned to address complex reporting requirements.