MacNeill Edmundson Professional Corporation

MacNeill Edmundson Professional Corporation - Your Trusted Advisors -

Business expenses can help reduce taxable income, but not every purchase qualifies as a deduction.A common misconception...
06/25/2026

Business expenses can help reduce taxable income, but not every purchase qualifies as a deduction.

A common misconception is that anything connected to your business can be written off. In reality, the CRA has specific rules about what expenses are eligible and what records you need to keep.

Understanding the difference can help you avoid costly mistakes and be better prepared if questions arise.

Have questions about business expenses? Our team is here to help.

Strong businesses are built on more than numbers alone. Behind every successful organization is a series of informed dec...
06/23/2026

Strong businesses are built on more than numbers alone. Behind every successful organization is a series of informed decisions backed by planning, insight, and a clear understanding of the financial picture.

Whether you're navigating growth, managing challenges, or planning for the future, having the right information can make all the difference.

Today, we celebrate the dads, grandfathers, stepdads, and father figures who lead by example, offer unwavering support, ...
06/21/2026

Today, we celebrate the dads, grandfathers, stepdads, and father figures who lead by example, offer unwavering support, and help shape the lives of those around them.

From all of us at MacNeill Edmundson, Happy Father's Day!

Choosing the right business structure is an important step for any entrepreneur. Here are a few key differences:Sole Pro...
06/19/2026

Choosing the right business structure is an important step for any entrepreneur. Here are a few key differences:

Sole Proprietorship
- Simple and low-cost to set up
- Business income is reported on your personal tax return
- You are personally responsible for business liabilities

Incorporation
- Creates a separate legal entity
- May provide liability protection
- Offers potential tax planning opportunities
- Requires additional administration and compliance

The right structure depends on your business goals, income, and long-term plans.

Need guidance on what makes sense for your business? Our team is here to help.

The ME team had a fantastic day on the green, connecting and networking with clients and business partners. ⛳️A big than...
06/16/2026

The ME team had a fantastic day on the green, connecting and networking with clients and business partners. ⛳️

A big thank you to CCI London and Area for bringing everyone together and creating such a great opportunity to strengthen relationships and build new connections.

Scaling problems most companies ignoreScaling a business often looks like progress from the outside—but inside, it can e...
06/11/2026

Scaling problems most companies ignore

Scaling a business often looks like progress from the outside—but inside, it can expose problems that were easy to miss before.

Systems that worked at a smaller size start to break. Cash flow gets tighter even when sales are growing. Financial reporting becomes harder to rely on when decisions need to be faster, not slower.

Owners also end up carrying more than they should, and hiring sometimes happens before the structure is ready to support it.

The result is simple: growth, but not always control.

Scaling isn’t just about doing more—it’s about making sure the business is actually built to handle more.

Financial reports are more than documents to file away. They provide insight into how your business is performing, where...
06/09/2026

Financial reports are more than documents to file away. They provide insight into how your business is performing, where challenges may exist, and where opportunities for growth can happen.

Understanding your numbers can help support stronger planning, better decisions, and more confidence moving forward.

Because the better you understand your business financially, the better prepared you are to lead it.

Mark your calendars ⛳️MacNeill Edmundson’s Annual Golf Tournament is back on July 15th for another great day on the cour...
06/08/2026

Mark your calendars ⛳️

MacNeill Edmundson’s Annual Golf Tournament is back on July 15th for another great day on the course filled with connection, conversation, and a little friendly competition.

We’re looking forward to bringing clients, colleagues, and community members together once again for one of our favourite events of the year.

A business can appear profitable on paper and still experience cash flow challenges.Why? Because profitability measures ...
06/03/2026

A business can appear profitable on paper and still experience cash flow challenges.

Why? Because profitability measures income over time, while cash flow reflects the actual timing of money moving in and out of the business.

Expenses, loan payments, inventory purchases, slow customer payments, and growth investments can all impact available cash, even during profitable periods.

Understanding the difference between profit and cash flow is an important part of building a financially healthy business.

Address

82 Wellington Street
London, ON
N6B2K3

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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