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Compilation vs Review vs Audit: A Guide to Calgary Financial Statement Types
Not sure whether your Calgary business needs a compilation, review, or audit? Learn the key differences, costs, and when to choose each financial statement type. Sahil & Mehar Accountants & Consultants break down these services to help you meet compliance, satisfy stakeholders, and make the right choice for your business.
Sahilpreet
3 days ago9 min read
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How Passive Income Can Affect Your Small Business in Canada: Benefits, Risks, and Tax Implications
Discover how passive income can impact your small business in Calgary. From rental income and dividends to investment strategies, learn how to grow your business while avoiding tax pitfalls. Sahil & Meher Accountants and Consultants specialize in helping Calgary entrepreneurs manage passive income, reduce taxes, and build long-term financial success. Find out how passive income can support your business growth and stability in the Alberta economy.
Sahilpreet
Jun 2515 min read
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Small Business Accounting in Calgary (2025): What You Need to Know to Stay Profitable
Calgary small businesses face rising costs, CRA audits, and tighter cash flow in 2025. Learn how to protect your business with expert tax planning, bookkeeping, and accounting strategies from Sahil & Meher Accountants and Consultants.
Sahilpreet
Jun 136 min read
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Canada to Meet 2% NATO Defence Spending Target: What It Means & How It Will Happen
Canada will meet NATO’s 2% defence spending target in 2025. Learn how Ottawa plans to fund the military boost, Carney’s role, and how new defence investments will impact Canadians, small businesses, and the economy.
Sahilpreet
Jun 135 min read
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Inflation in Canada 2025: How It’s Impacting You — And What You Can Do About It
Inflation in Canada is still squeezing businesses and households in 2025. Learn how rising costs, government policy, and Bank of Canada interest rates are impacting Canadians — and discover actionable financial strategies to protect your wallet, reduce debt, and safeguard your small business from inflation’s lasting effects.
Sahilpreet
Jun 136 min read
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5 Powerful Ways to Invest Your Tax Refund in 2025 (That Actually Build Wealth Long-Term)
Wondering what to do with your 2025 tax refund? Instead of spending it, turn your refund into long-term wealth. Discover 5 powerful strategies to invest your tax refund in Canada — from paying off high-interest debt, boosting RRSP and TFSA contributions, to building your emergency fund and growing your investments.
Sahilpreet
Jun 135 min read
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2025 Tax Deadlines and Tips for Self‑Employed Filers in Canada
Self-employed Canadians face unique 2025 tax deadlines, with returns due June 15 (June 16 in 2025), but payments still due April 30. Learn how to organize income, claim deductions, avoid costly mistakes, and navigate CRA rules. This in-depth guide from Sahil & Meher Accountants and Consultants helps freelancers, contractors, and small business owners file accurately and minimize taxes.
Sahilpreet
Jun 1224 min read
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Smart Financial Management for Alberta Restaurants: Accounting Strategies to Thrive in 2025
Alberta's restaurant scene is vibrant, competitive, and uniquely challenging. From navigating provincial tax rules to optimizing food costs and payroll, restaurant owners need a firm financial strategy to survive and thrive. This in-depth blog offers practical accounting insights tailored specifically to Alberta's restaurant industry in 2025. Discover how to manage cash flow, stay audit-ready, and boost profitability with proven strategies backed by local expertise.
Sahilpreet
Jun 44 min read
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Navigating the Future: Key Accounting Trends Shaping 2025
As 2025 unfolds, the accounting profession is undergoing a significant transformation driven by automation, sustainability reporting, cybersecurity, and evolving client demands. In this in-depth blog, we explore ten pivotal trends reshaping the CPA landscape—from AI-powered workflows to ESG integration and remote advisory services. Whether you're a seasoned accountant or a growing firm in Canada, understanding these changes is crucial to staying competitive, compliant, and cl
Sahilpreet
Jun 46 min read
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Surviving and Thriving: What Canada’s 2025 Tax Changes Mean for Trucking Companies
Surviving and Thriving: What Canada’s 2025 Tax Changes Mean for Trucking Companies
Sahilpreet
Jun 33 min read
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Navigating Change: What Canada's 2025 Federal Election Means for Small Businesses
Navigating Change: What Canada's 2025 Federal Election Means for Small Businesses
Sahilpreet
Jun 32 min read
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Short-Term Rental Compliance in Alberta: What Landlords Need to Know in 2025
As short-term rental regulations tighten across Alberta, landlords must navigate a complex mix of municipal licensing, CRA compliance, insurance gaps, and tax implications. This blog breaks down the 2025 updates — including what’s happening in Calgary — and outlines the key steps landlords should take now to stay compliant, avoid costly mistakes, and protect their investments. Whether you're running an Airbnb or planning your first STR, this is essential reading.
Sahilpreet
Apr 255 min read
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Why Understanding Taxes Should Be a Right, Not a Privilege
Millions of Canadians struggle to understand how taxes impact their finances. As economic pressures rise, tax literacy is no longer optional — it’s essential for financial empowerment and public trust. Here's why Canada must make tax education a national priority.
Sahilpreet
Apr 233 min read
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How to Pay Yourself as a Small Business Owner in Canada
Paying yourself as a small business owner in Canada isn't as simple as transferring money from your business account to your personal one. The method you choose — whether salary, dividends, or a mix of both — carries important tax, legal, and financial planning implications. This guide breaks down your options based on your business structure, helping you understand the pros, cons, and compliance requirements so you can make informed decisions that support both your business
Sahilpreet
Apr 215 min read
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How Restaurants in Alberta Can Tighten Their Books and Improve Cash Flow in 2025
Alberta restaurants are under pressure from rising costs and tighter margins. Learn five proven accounting strategies to boost cash flow, reduce waste, and make smarter financial decisions in 2025.
Sahilpreet
Apr 215 min read
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Mastering Restaurant Accounting in Canada: A Comprehensive Guide for Restaurant Owners
Discover the ultimate guide to restaurant accounting in Canada—crafted specifically for owners and operators. Learn how to optimize operations, track financial performance, unlock tax credits, and work seamlessly with your accounting team to maximize profitability and compliance.
Sahilpreet
Apr 1710 min read
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Optimizing Client Management and Internal Operations for Canadian Small Businesses
In today’s competitive business landscape, Canadian small business owners must juggle multiple roles: sales lead, customer service agent,...
Sahilpreet
Apr 165 min read
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The Significance of Professional Accounting Services in Canada
Benefits of Professional Accounting Services Introduction In the intricate tapestry of Canada's financial landscape, professional...
Sahilpreet
Oct 19, 20232 min read
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The Vital Role of Business Plans and Forecasts: Why Professionals Are Crucial
Business plans and financial projections are two papers that act as points of reference for businesses in the complex web of the business...
Sahilpreet
Sep 28, 20233 min read
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