Stay compliant in 2026. Discover the most common business tax filing mistakes in Ontario and how to avoid them for a smooth and successful tax season.
Start 2026 with a clear legacy plan. Lott & Company guides Ontario families on wills, trusts, powers of attorney, and tax-smart steps this winter. Book a consult.
Close your 2025 books right: reconciliations, HST checks, expense reviews, and audit-ready reports. Lott & Company’s Markham team streamlines winter cleanup.
Stay compliant and stress-free. Learn the latest payroll law updates and how expert management can protect your business.
Explore crucial accounting and advisory steps every start-up needs to succeed, from business structure to tax planning, with expert guidance.
Uncover simple, powerful strategies for personal tax planning that can help you reduce stress and make the most of your financial situation.
Construction and engineering firms: Stay audit-ready with proactive steps for seamless audits and confident financial management.
Reduce your tax liabilities and improve your financial health. Explore proven strategies for Ontario professionals to maximize tax savings.
Tech startups: Master bookkeeping with expert tips from Markham accountants. Save time, stay organized, and avoid common financial pitfalls.
Secure your business’s future with effective estate and succession planning. Discover key steps to maximize continuity and minimize tax burdens.
Streamline your payroll process and ensure compliance with best practices tailored for Ontario businesses. Avoid common mistakes and boost efficiency.
Master year-end tax planning with expert advice for Markham businesses. Simplify your finances and optimize deductions for a stress-free tax season.
If you happen to reside in the northern regions of Canada, we have some great news for you! The travel deductions available for northern residents have been expanded, allowing more individuals to claim their expenses for trips to and from these areas on their 2021 tax returns. Curious to know more about these updated deductions? [...]
Understanding your financial needs and sufficiency is crucial when it comes to financial planning. One key aspect of this is getting an accurate estimate of how much income tax, marginal tax, you might owe each year, as this will help you better understand how much of your income you can save, spend, and invest. If [...]
Did you know that while capital gains are taxable, capital losses can be deducted? And with certain conditions, you can even carry those losses forward to offset taxes on future capital gains. Let's break down what qualifies as a capital loss and explore how you can take advantage of it, step by step. Bookkeeping in [...]
Selling a business can be a complex topic, and it can be difficult for a layman to understand and comprehend. Let me simplify it for you: selling your business may be one of the most challenging decisions you will ever make. The emotional attachment and all the hard work you have put into your business [...]
If you own a property in Canada that generates income, such as a rental property, your mortgage interest tax may be deductible in certain situations. This applies not only to rental properties but also to primary residences, places of business, or even homes where you work from. That said, there are several ways for Canadians [...]
Are you looking for ways to save on your taxes? One simple way to do this is by claiming deductions for automobile expense that are used to help earn income for automobile as a business expense. Regardless of whether you're an employee, a business owner, in a partnership, or self-employed, there are ways to take [...]
If you're considering a move abroad, leaving Canada permanently, it's important to keep in mind that the process can be complex and require extensive planning, especially when it comes to the tax implications. Whether you're relocating for work, returning to your home country, or seeking a change of scenery, various factors will impact your taxation, [...]
Real estate taxes and property taxes are similar, with one being a subcategory of the other. The difference lies in the fact that real estate taxes only apply to land attached to houses, while property taxes are more expansive and cover a wide range of properties, including livestock, vehicles, and farmlands. The term "property" is [...]
There are distinct differences between independent contractors and employees, with the former having different legal entitlements. Employees have an exclusive working relationship with their employer and are governed under the Employment Act, whereas an independent contractor are not subject to the same statute and have different employment law protections. In Canada, companies may opt for [...]
