Corporate Accounting

Pensive woman in black hat overlooking water at the beach on a gray day; highlighting corporation loans

Intercompany Loans and the CRA

By , On , In Corporate Accounting

If an individual owns multiple corporations, he or she will commonly transfer money from one corporation to the other. If one business makes more money, then it will loan funds to another corporation that could use the money. Intercompany loans…

// Read More
Person reading a notebook; highlighting good bookkeeping practices

Why is Good Bookkeeping Important?

By , On , In Corporate Accounting

You have taken the plunge and started a business or are considering starting a business. At this point, you should seriously consider how your business’s bookkeeping will be accomplished. There are two options for this: Hire a bookkeeper/accountant Do it…

// Read More