Insights - kdprofessional

Basics of Bookkeeping: A Guide for Small Business Owners, Part 1

October 21, 2026

Bookkeeping is an important part of managing your business finances. Keeping accurate financial records helps you understand your business’s financial position and make informed decisions. Good bookkeeping is more than recording income and expenses. It helps you track cash flow,

The Basics of Cash Flow: A Guide for Small Business Owners

October 14, 2026

Cash flow is an important aspect of running a successful business. As a business owner, understanding how money moves through your business can help you make better financial decisions, pay your bills on time, and plan for future growth. Many

Understanding the Small Business Deduction (SBD)

October 6, 2026

For many Canadian businesses, the Small Business Deduction (SBD) is one of the most important tax-saving opportunities available. By helping to reduce the amount of corporate income tax payable on eligible business income, the SBD helps small businesses retain more

Why Having Your Accountant Deal with the CRA Can Save You Time, Money, and Stress

September 30, 2026

Getting a phone call or a letter from the Canada Revenue Agency (CRA) can be stressful for any business owner. Many taxpayers do not know how to respond, what information to provide, or how to protect their interests during the

Tips on Dealing with the CRA: A Guide for Canadian Business Owners

September 22, 2026

For many business owners, receiving a phone call, letter, or audit request from the Canada Revenue Agency (CRA) can be very stressful. Understanding your rights and responsibilities can help you manage CRA interactions with confidence and avoid costly mistakes. Whether

Personal Services Business (PSB): What Incorporated Professionals Need to Know

September 16, 2026

Many professionals choose to incorporate to take advantage of the benefits that corporations can offer, including liability protection, tax planning opportunities, and business flexibility. But not every incorporated business receives the same tax treatment. If you have an incorporated business

Understanding Corporate Losses: What Every Business Owner Should Know

September 9, 2026

Many entrepreneurs assume that a loss year is simply bad news for their business. While no business wants to operate at a loss, there may be tax planning opportunities available when losses occur. Understanding how corporate losses work can help

Naming Your Business: What Every Entrepreneur Needs to Know

September 1, 2026

One of the most exciting parts of starting a company is choosing a name for your business. Your business name is often the first thing people will see. It is a key part of your brand, reputation, and long-term business

Corporate Obligations Every Canadian Business Owner Should Know

August 26, 2026

Incorporating your business provides many advantages such as limited liability, tax planning opportunities, and increased credibility. But many business owners are surprised to learn that incorporation also comes with many legal, financial, and administrative responsibilities.

Shareholders’ Meetings: What Every Corporation Needs to Know

August 18, 2026

Shareholders play a key role in the governance and direction of a corporation. And one of the most important ways for shareholders to exercise their rights is through the shareholders’ meetings. The shareholders’ meetings provide the opportunity to review the