For many Ontario entrepreneurs, the term "tax planning" might bring to mind a flurry of last-minute calculations and a dash to meet deadlines. But here at Misic Accounting, we believe tax management shouldn't be a seasonal scramble but a steady, year-round commitment. So let's dive deeper and uncover why ongoing tax planning is pivotal to your business's success.

Starting a new business is exciting, as you get to be the boss, make all the crucial decisions, and keep a large portion of the profits. However, often entrepreneurs are not prepared for the rollercoaster ride of starting up, which includes managing cash flow, creating awareness, and chasing up debtors. Therefore, weighing up your options before jumping in with both feet is vital.

Bookkeeping is an essential part of filing for taxes and can be quite a tedious task if one has taken it upon themselves to take care of their finances. It expects one to analyze the data and accurately track financial transactions. 

Maintaining proper accounting and bookkeeping processes gives reliable measures of your business’ performance. So it is safe to say that your company’s growth and success hugely depend on it.

We are delighted to announce the launch of our new website!

New Website Coming Soon!