Not an accountant? These accounting basics can help you launch your startup.


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Lean practices for startups: Lean accounting

Lean accounting refers to financial data accumulated from lean practices.


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When to seek advice from your accountant

Accountants can provide a range of advice, from structuring your business to maximizing tax credits to preparing assurance or non-assurance reports.

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Canadian tax compliance: What startups need to know

Understand the basics of business tax compliance with Canada Revenue Agency (CRA).


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Financial statements: Choosing accounting standards

To prepare financial statements, businesses need to choose accounting standards that are right for their company’s needs.

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Keep business and personal finances separate: Avoid common accounting mistakes

A corporation is a separate legal entity: business and personal finances must be kept separate.


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Business structure basics and financial implications: Corporations and holding corporations

Corporation or a holding corporation? Learn what these structures mean for your business.

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Accounting roles: Bookkeeper, controller and chief financial officer (CFO)

Learn the difference between a bookkeeper, a controller and a CFO—and at what point your business needs these finance professionals.


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Business structure basics and financial implications: Sole proprietorships and partnerships

Sole proprietor or partnership? The structure you choose for your business has financial implications.

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The accounting cycle: Concepts in management accounting

The accounting cycle essentially consists of five steps, most of which are mechanical, but one involves decision-making.


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Canada’s four business structures: Sole proprietorship, partnership, corporation and cooperative

The four ways to structure your business in Canada.

  VIDEO

Demystifying SR&ED: Three Hot Tips for Startups

Watch as Terry Lavineway, Director of Business Incentives, Welch LLP, breaks down the ins and outs of applying to the Canadian Scientific Research and Experimental Development Tax Incentive Program (SR&ED).