Top Accounting & Tax Tips Every Small Business Owner in Toronto Should Know Running a small business is exciting — but managing your finances and taxes can get tricky. Here are some smart tips to keep your business stress-free and tax-ready 👇 ✅ Avoid Common Accounting Mistakes Keep personal and business expenses separate. Record transactions regularly — don’t wait till tax season! Always double-check invoices and receipts. ✅ Plan Your Taxes Early Don’t wait till the deadline — plan quarterly. T
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5 Accounting Mistakes Small Businesses Must Avoid 🚫 Running a business is hard enough—don’t let accounting errors drain your profits. From mixing personal & business finances to missing tax deadlines, these common mistakes can cost you big. 1️⃣ Mixing Personal & Business Finances Using the same account for both makes tracking expenses a nightmare. Always separate them. 2️⃣ Not Tracking Small Expenses Coffee runs, supplies, mileage—these add up. Ignoring them skews your financial picture. 3️⃣ No
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