Being an Entrepreneur is hard work and isn't a path for everyone. There is a saying that the flexibility entrepreneurship offers is only being able to decide when you'll work 12 hours a day. With that said, however, starting and owning your own business can have...
How To Know If Your Accountant Is Too Aggressive or Not Aggressive Enough On Your Taxes
As a business owner, you may struggle to put up with either an over-aggressive tax strategy from your accountant or a not-so-aggressive accountant altogether. Both could be a source of concern. If you’re a business owner that’s spent a lot on hiring accountants and...
Client Success: 20 Years and 3 Generations of Business Succession
There are studies out there that say the average accounting firm client stays with their accounting firm between five and six years. However, many of Provision CPA’s clients have been with us for between 10 and 20 years, and we have helped many of them with business...
WHO DOES YOUR BUSINESS NEED – A CFO OR A CPA?
When setting up a business, a lot of factors come into play with respect to handling tax and financial responsibilities. This calls to mind the necessity of choosing a CFO or a CPA, or both. While some entrepreneurs contend that once they have one, they do not need...
WHY WE GIVE ENTREPRENEURS UNHINDERED ACCESS TO THEIR CPA
As your small business grows, you're probably caught in the endless battle of work-life balance (or lack thereof), competing priorities, and putting out fires daily. With your head down building your business, as an entrepreneur, you must make rapid financial...
5 REASONS WHY SMALL ACCOUNTING FIRMS ARE BETTER THAN THE BIG 4 FOR A SEASONED CPA
The nickname – The Big 4 – has been a recurring decimal in the accounting world for years. They are regarded as giants in the accounting industry, commanding the tasks of auditing and financial consultancy of the big-name establishments in many countries. It is,...
8 Critical Reasons Entrepreneurs need An Entrepreneurial Accountant
As entrepreneurs, we are experts in our area of product or service, but we have a lot of blind spots and lack of experience when it comes to running a business and financial strategy. Businesses with industry-leading products and services fail all the time. In fact,...
4 Reasons Why Supporting the Success Of Small Businesses in Canada Should Be Important To All Canadians
Small and medium business is a big deal in Canada. After a long time in ‘Big Business’, the founders of Provision CPA created our Vancouver accounting and taxation firm to work exclusively with small and medium enterprises (SMEs) to provide entrepreneurs with...
2020 Personal Tax FAQ
2020 Personal Income Tax: Your Frequently Asked Questions Last updated Feb 11, 2021 With all the government programs introduced in 2020, it can be difficult to understand the potential impact these programs can have on your personal tax returns. We have received many...
New Payment Options for Your Business Year-End
New Payment Options for Your Business Year-End October 27, 2020 At Provision CPAs, we strive to deliver the highest level of professional service. In order to facilitate this, we are migrating to a convenient pre-authorized invoicing and payment system through a...