Are you struggling with disorganized QuickBooks® Online records, filled with unreconciled transactions and financial confusion, making it difficult to gauge your business's financial health? Let SDG Accountant help you tidy up your chaotic QuickBooks Online accounts. Located i...

Restaurant owners are always stressed by taking care of the customer, promoting the target segment, dealing with the supplier, etc. We are here to share your pressure. The most common inquiries from Restaurants clients are Bookkeeping Services and HST Remittance & Tax Plan...

The Government of Canada announced $4.0 Billion in funding for the Canada Digital Adoption Program (CDAP). $1.4 Billion is available in grants and advisory services to small and medium-sized enterprises (SMEs) and up to $2.6 Billion in interest-free loans from the Business Dev...

As providers of Business Advisory Services in Toronto, SDG understand the ever-changing needs of small and medium business owners and look beyond financial statement and tax returns to help our clients grow their businesses. Our professional advisors use proven models and tech...

The outsourced CFO can collaborate with senior-level management to maintain the organization’s financial sustainability, cash-flow management, investment portfolio and the department’s policies and processes including the continuous improvement of systems. The outsourced CFO c...

A foreign tax credit is available to any taxpayer who has been a resident of Canada and earned worldwide income at any time during the tax year. The income can be from employment earnings, business or rental income, investment income, or a pension from another country. The cas...

Form 1040-NR is often required for nonresident aliens who are engaged in a business or trade in the U.S. or otherwise generate income from sources in the U.S. A non-resident alien is somebody who lives abroad and is not American yet earns a taxable income in the United States....

If you are a US citizen or resident alien and are an officer, director, or shareholder in certain foreign corporations, you must file IRS Form 5471, Information Return of US Persons with Respect to Certain Foreign Corporations (CFC), along with your expat taxes. A CFC is a for...

If you are a doctor and searching for an excellent accountant in Toronto to handle your accounting services, then you came to the right place. We at SDG Accountants can handle your accounting and tax needs as we have years of experience working with doctors, dentists, and medi...

Our CPA firm is familiar with different practice management software that ties in with your financial reporting system such as PC Law & Firm Central. We can help you set up advantageous tax planning for your law firm to ensure tax compliance while minimizing your tax oblig...

At SDG Accountant our team of experts can tailor an accounting and tax approach for 'Land Developers and Construction Companies’ business needs. Whether your projects last only several weeks, they span over the course of several years, or you have a combination of short-term a...

Small businesses are the lifeblood of the economy and face a multitude of challenges in the line of business. Navigating through the accounting and tax landscape can be difficult and an unnecessary hassle while you are trying to manage your daily business operations and plan o...

Keeping track of your business expenses is an important part of your operations to ensure that you have a good handle on your finances and to accurately report your tax situation at the year-end. Alongside your expenses, your assets can be a tool you can take advantage of, dep...

NFT stands for non-fungible tokens. NFT’s are unique digital assets that can be traded on the blockchain network. As they are non-fungible, they cannot be replaced or interchanged for other assets. It is a digital certificate or a token of ownership on the blockchain ledger. I...

As per the Government of Canada, for the most part, people living in Canada can determine their final tax obligation by completing an income tax return and sending it to the Canada Revenue Agency (CRA). On the tax return, you list your earnings and deductions, calculate federa...

When we sit down with our clients, our first step is to talk about the type of work that will be done and your goals for the future, to ensure that we figure out the correct type of business setup. Generally, we will look at two different types of businesses: Sole-Proprietorsh...

Today’s discussion is on the topic of filing requirements, specifically on residency and how to determine what may affect your residency in Canada and the associated tax implications. We are a Toronto accounting firm specializing in personal and corporate taxation. We help sma...

Day in and day out thousands of hardworking individuals around Canada are working to make a living. Whether it be through employment, self-employment, or business activities many people find themselves owing money to the CRA for one reason or another. Whether this is the first...

When we meet with clients who come in looking to file their personal tax returns, the first thing we check with every individual is what items are applicable to their tax situation and that they have the documentation to be able to apply those items on the return. It’s importa...

Trump administration and Congressional Republican leaders released the Unified Framework with regards to the U.S tax reform. This Framework has highlighted the major changes including lower personal tax rates, higher deduction and exemption limits, as well as cutting corporate...

Sole Proprietorship or Incorporation is one of the most frequent questions we have been asked during our initial consultation. We have recently experienced an increasing demand with regards to the consultation service on their scenario of shifting from employee to contractor f...

Are you a Temporary Residence such as Student/Working Permit Holder and looking to file your personal tax return? We have provided individual tax return service to people with different residential/citizenship statuses including International Students, Foreign workers, Foreign...

Bitcoin is currently the most notable digital currency. Although Bitcoins only exists in a digital form, it still provides the normal functions of other types of currency. However, unlike other common currencies such as the US Dollar, Bitcoin is not come from a Central Bank or...

Are you an American living in Canada who has never filed U.S. tax returns? How about F-bars? You may be in trouble as the IRS may take extreme measures to penalize these taxpayers. Luckily, SDG Accountant specializes in assisting Americans living in Canada in compliance with t...

The CRA Voluntary Disclosure Program grants relief to taxpayers who voluntarily omitted or made an error on their tax returns. In the program, taxpayers can correct or make changes to their previous year returns. What Types of Relief can the Voluntary Disclosure Program Provid...

After considering the above and understanding that tax evasion involves deliberate attempts to omit income or write-off disallowed expenses, one would believe that any sort of tax scenario that does not break the law should be classified as tax planning. Unfortunately, this is...

Whether you are choosing to use Wagepoint, Quickbooks Online (QBO), Simple Pay, Wave, or Payment Evolution we are here to help guide and select the right payroll provider software for your small business. Each software has different capabilities and features. Some can offer di...

SDG Accountant team provides an introduction on tax credit and various issues. The information is not intended to constitute professional advice and may not be appropriate for a specific individual or fact situation. It is written by the author solely in their personal capacit...

When it comes to taxes many individuals have the tendency just to report their income and a few other expenses that they have become accustomed to collecting, such as medical expenses or property taxes. However, if you have assets outside of Canada you could have additional re...

Great accountants create a secure and stable financial environment for your small business. They manage your business professionally. Accounting services covers expert accounting, sales tax (HST), taxation services, and financial planning. Every company needs the services of s...