Top Accounting & Tax Tips Every Small Business Owner in Toronto Should Know Running a small business is exciting — but managing your finances and taxes can get tricky. Here are some smart tips to keep your business stress-free and tax-ready 👇 ✅ Avoid Common Accounting Mistakes Keep personal and business expenses separate. Record transactions regularly — don’t wait till tax season! Always double-check invoices and receipts. ✅ Plan Your Taxes Early Don’t wait till the deadline — plan quarterly. T