Build a 2025 Budget That Links Profit, Cash and Owner Draws
Connect the income statement, balance sheet and owner withdrawals so the 2025 budget shows real liquidity.
Accounting
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Accounting
Articles and perspectives from Sheldon & Xu CPA.
Articles in this category
21–30 of 39 articles
Accounting
Year-End Equipment Purchases: Tax Timing Versus Business Need
Evaluate operational return, cash impact and available-for-use timing before accelerating an equipment purchase.
Accounting
Third-Quarter Close: Three Variances Owners Should Investigate
Use revenue, gross-margin and working-capital variances to turn the third-quarter close into a decision review.
Accounting
Quarter-End Corporate Instalments: Avoiding a Cash Surprise
Reconcile tax estimates, instalment methods and cash forecasts before the next corporate payment date.
Accounting
How Much Cash Reserve Does an Owner-Managed Business Need?
Set a cash-reserve range using payroll, tax, working-capital volatility and realistic recovery actions—not a universal rule.
Accounting
A Monthly Financial Dashboard for Owner-Managed Businesses
A focused monthly dashboard can turn accounting data into timely decisions. These measures help owners monitor cash, profitability, collections and commitments.
Accounting
Mid-Year Review of Corporate Investments and Capital Dispositions
A mid-year transaction register helps owner-managed corporations connect realized gains and losses with cash, tax instalments and shareholder withdrawals.
Accounting
GST/HST Controls: Preventing Quiet Errors in a Growing Business
GST/HST errors often accumulate quietly through coding, exempt activities and missing invoice support. A monthly control process can identify them before a return is filed.
Accounting
SR&ED and Innovation Spending: Document the Work as It Happens
A credible SR&ED claim begins with records created during the work—not a year-end reconstruction of what engineers and developers remember.
Accounting
Bare-Trust Reporting Before the Deadline—and CRA’s Subsequent Relief
As the 2023 trust deadline approached, owners were identifying possible bare trusts. CRA’s March 28 relief changed the immediate filing requirement, but not the need for clear ownership records.
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