Introduction Quick Answer: Should Doctors Have a Holdco? Situation Holdco May Help Large retained earnings ✅ Yes Long-term investing goals ✅ Yes Asset protection concerns ✅ Yes Ontario physician corporation ⚠️ Alternative structure needed Minimal retained earnings ❌ Often unnecessary As a medical professional, you juggle patient care, practice management and long‐term financial planning….
Introduction As a medical professional, your focus is on patient care, not navigating the complexities of tax compliance. However, the nature of your work often makes you a prime target for CRA audits. At Dexado Accounting & Tax, we understand this all too well. Led by an ex-CRA auditor and CPA, our team knows exactly…
Introduction Small businesses in Canada strive to generate profit while managing expenses and staying tax-compliant. In today’s competitive landscape, outsourcing various business functions to foreign service providers has become increasingly common. The primary reason? Cost reduction. With rising operational expenses and cash flow challenges, outsourcing enables small businesses to remain competitive and sustainable. While this…
As a small business owner, you likely have a bookkeeper or accountant handling your financials. While traditional accounting helps you stay compliant with taxes and financial reporting, it doesn’t always help you manage your cash flow effectively. Profit and revenue do NOT equal cash in the bank. Many businesses struggle, not because they aren’t making…
As a medical professional, your primary focus is providing exceptional patient care. However, managing your finances, taxes, and business operations is just as crucial to ensure the long-term success of your practice. Whether you’re a physician, dentist, specialist, or medical clinic owner, proactive financial planning and tax strategies can save you money, minimize stress, and…
In the fast-paced world of healthcare, doctors and medical professionals dedicate their time to patient care, leaving little room to focus on bookkeeping and financial management. However, maintaining accurate and up-to-date financial records is critical for the success of a medical practice. Many practitioners think that outsourcing their bookkeeping will end up costing them in…
Running a small business comes with many responsibilities, and one of the most critical is ensuring that your financials are in order. You need accurate bookkeeping, tax preparation, and financial statements to stay compliant with the CRA and make informed business decisions. However, accounting fees can be a significant expense. The good news? You have…
As a boutique accounting firm specializing in SaaS businesses, Dexado Accounting and Tax understands the complexities of revenue recognition for SaaS companies. This guide covers the journey from startup to public company status, highlighting how revenue should be recognized at each stage, the accountant’s role, and the value of specialized advisory services. 1. Startup with…
Introduction In the fast-paced world of SaaS businesses, establishing a comprehensive accounting system is essential from the very beginning. A well-structured accounting system enables financial clarity, compliance, and scalability. By integrating best-in-class apps, SaaS companies can create a seamless ecosystem that automates repetitive tasks, delivers real-time financial insights, and supports long-term growth. At Dexado Accounting…
In the fast-paced world of Software as a Service (SaaS), staying ahead of financial and tax obligations can be a daunting task. For small to medium SaaS companies in Canada, partnering with a key advisor specializing in accounting and tax advisory services can be a game-changer. This blog post explores the key areas where such…