Upkeep Accounting

Upkeep Accounting Small Business Accountant

A new month means new goals, fresh opportunities, and another chance to grow your business stronger.June is the perfect ...
06/01/2026

A new month means new goals, fresh opportunities, and another chance to grow your business stronger.

June is the perfect time to:
- Clean up your bookkeeping
- Check your cash flow
- Plan for Q3

What’s one goal you want to accomplish before the end of this month?

More sales?
Better cash flow?
Cleaner bookkeeping?
More consistency?
Less stress?

Drop it below! ⬇️

Reminder: “Doing your best” doesn’t look the same for everyone.Some days, your best might be knocking out your to-do lis...
05/30/2026

Reminder: “Doing your best” doesn’t look the same for everyone.

Some days, your best might be knocking out your to-do list.

Other days, it might be just showing up and trying again tomorrow.

Give yourself credit. You’re doing better than you think!

Tag a friend to share this!

The reality? Most business owners don’t reach out until their books are already in rough shape.We’re here to change that...
05/29/2026

The reality? Most business owners don’t reach out until their books are already in rough shape.

We’re here to change that.

Bookkeeping isn’t just data entry.

It’s a system. A process.

A core part of your business that deserves attention before it turns into a crisis.

Whether you need support quarterly or just a check-in a few times a year, the most important thing is not doing it alone.

Find someone you trust. Ask questions. Get support.

We’re here if you need help!

Getting a CRA review or audit does NOT automatically mean you’ve done something wrong!Sometimes the CRA just needs more ...
05/28/2026

Getting a CRA review or audit does NOT automatically mean you’ve done something wrong!

Sometimes the CRA just needs more information to support what you reported on your tax return. 🤷‍♀️

But a few things that can flag their system are:

Income that doesn’t match T-slips (like T4s, T5s, or T2125 reporting)
High or unusual deductions compared to similar small businesses
Repeated business losses year after year with no clear trend toward profit
Mismatches between GST/HST filings and reported income

These can all be completely legitimate but the key is making sure you have the receipts, records, and clean bookkeeping to back everything up if CRA asks.

At the end of the day, it’s not about avoiding taxes, it’s about being able to support your numbers confidently if they’re reviewed.

A lot of small business owners in Canada hear about luxury vehicle write-offs and follow this logic ↓heavy vehicle → de...
05/27/2026

A lot of small business owners in Canada hear about luxury vehicle write-offs and follow this logic ↓

heavy vehicle → depreciation → lower taxes

And yes within CRA rules, certain business-use vehicles can be depreciated over time through Capital Cost Allowance (CCA).

But what often gets missed is what happens when you actually sell the vehicle later on.

It’s not just about what you paid vs. what you sold it for…

That CCA you claimed over the years can get recaptured and added back as taxable income 💸 (if the sale price is higher than the remaining undepreciated value).

So while you may reduce taxes in the short term, it can come back into play at disposal.

Is it worth it? That depends on your business use, cash flow, and long-term tax planning and it’s definitely something to review with your accountant before making big purchases.

05/26/2026

Want to stay on top of your finances?

Here’s your monthly checklist.

Consistency is key to financial clarity.

Need help with any of this?

We’ve got your back!

Running a business comes with highs, lows, and unexpected turns.One of the best ways to stay prepared?Have a solid cash ...
05/25/2026

Running a business comes with highs, lows, and unexpected turns.

One of the best ways to stay prepared?

Have a solid cash buffer in place.

You should be saving at least 3 to 6 months of business expenses especially if you're self-employed or run a service-based business.

Why? Because:

✅ Clients come and go
✅ Emergencies happen
✅ Opportunities pop up

It’s not just about surviving slow seasons, it’s about giving your business room to breathe and grow without panic.

Found this helpful? Save it for later and follow us for more tips to keep your business (and your books) on track!

05/22/2026

This quote is such a powerful reminder that success doesn’t happen overnight.

The most meaningful progress often comes from staying consistent, showing up when it’s hard, and trusting the process even when results aren't instant.

Share the wisdom and tag your entrepreneur friends who inspire you to never give up!

If you feel like you're working non-stop but not seeing the income you expected, it might be time to look at what’s real...
05/21/2026

If you feel like you're working non-stop but not seeing the income you expected, it might be time to look at what’s really affecting your bottom line.

Here are a few key areas that directly influence your revenue.

Revenue isn’t just about making more.

It’s about building smarter, making intentional moves, and tracking what actually works.

Tired of stressing over your books?

Let us handle the numbers so you can focus on what you do best.

Address

Fergus, ON

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10am - 4pm

Telephone

+15192164117

Website

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