The Blog

The president of Compass Accounting, Nike Bello, MBA, CPA, FCCA, CFE, has recently completed the ICD-Rotman Directors Education Program (DEP). The DEP, a leading national education program for experienced directors, is offered by the Institute of Corporate Directors and is the foundation for attaining an ICD.D designation, which represents a lifelong commitment to excellence in the boardroom. The DEP is … Read More

Accounting firms are privy to lots of sensitive financial information and need to prioritize the protection of client data. There are plenty of ways that accounting firms can protect sensitive financial information in the day-to-day operations of their businesses. You should ensure to ask questions about how they maintain confidential information before handing over your documents Consider some of these … Read More

Is your business ready to embrace the future and interested in making a successful cloud migration? Cloud computing is the way of the future, and it offers some real benefits for anyone interested in sustained business growth. It’s accessible, scalable, and secure. Plus, it offers more cost-efficiency than the on-premises options you might have purchased for your staff in the … Read More

Modern accounting has been forever changed by the increase in technology across the accounting industry. From artificial intelligence to financial reporting, accounting firms have access to more sophisticated technology that improves outcomes and saves time. In turn, this enables them to take more clients onto their roster and boosts profits.  What technology should everyone in the accounting profession start to … Read More

Taxation can be tricky at the best of times, and when you’re living and working abroad, things can get even more complicated. The Government of Canada will require you to continue paying taxes in Canada if you’re living or working abroad, as long as you maintain significant ties to Canada.    In this article, we will explore the circumstances under … Read More

A new year has come, and you know what that means—it’s time to pay your taxes! As the months go on, you’ll receive tax forms and learn about the CPP payments and EI payments you’ve made, the income you’ve earned, and more.   The federal government offers a generous—but tight—timeline for tax returns. You have until April 30th to file … Read More

Remote work can affect your taxes in a number of different ways. Logistically, remote work can make it challenging to understand who you’re supposed to remit taxes to. On the other hand, remote work can come with a number of different potential tax breaks.   In this article, we’re going to cover who you need to pay taxes to while … Read More

The concept of cryptocurrency is, in and of itself, fairly complex. As digital assets that are used for trading but not, in and of themselves, considered legal tender, there are unique tax implications to the use of cryptocurrency.   In this article, we’ll explore these implications from the perspective of an individual buying and selling cryptocurrency as a hobby or … Read More

As a business owner, you undoubtedly have a lot on your plate. From big-picture visioning to the details of the day-to-day, there’s never enough time in the week. For many business owners, the ins and outs of financial statements and reporting can be a major learning curve. But they’re the backbone of business growth and development and cannot be ignored … Read More