Onyx Accounting

We hope you all have a safe and fun long weekend, no matter where your adventures take you! 🍃

Happy Birthday, Tristin! 🎉

We’re wishing you the very best day and year ahead!

Starting a small business is exciting, but navigating the financial side doesn’t have to be overwhelming. 💼

From incorporation to bookkeeping and paying yourself, there are plenty of important decisions to make along the way.

We can help you answer the big questions:

👉 Do I need to incorporate?
👉 Should I handle my own bookkeeping?
👉 What’s the best way to pay myself?

Let’s take the guesswork out of your business finances. Contact us at [email protected] to learn more!

Our recommendation? Follow the 30% rule. 💰

As a general guideline, business owners should consider setting aside around 30% of their business income to help cover annual tax obligations.

Of course, every situation is different, and your tax needs can vary depending on your business and circumstances. If taxes have caught you off guard in the past, let’s make sure you’re better prepared this time around.

📩 Have questions? Reach out to us at [email protected].

Back to business? Don’t forget your finances.

As summer winds down and the busy fall season approaches, now is the perfect time to get your business finances back in order.

From catching up on bookkeeping and reviewing cash flow to checking tax obligations, payroll costs, and your year-end plans, a little preparation now can save you a lot of stress later.

We’ve rounded up the key financial tasks to tackle before fall so you can head into the season feeling organized, informed, and ready to grow.

Visit onyxaccounting.ca to read the full blog.

Did you know Onyx can help you digitize your inventory tracking? 📦💻

Tracking inventory by hand can be time-consuming and leaves plenty of room for errors.

We can help you move your inventory tracking into a digital system, making it easier to stay organized, save time, and keep your business running smoothly.

Let’s get your business working for you!

📧 [email protected]

Ever wondered how effectively your business is using the money invested in it? 📈

Return on Capital (ROIC) measures how well a company generates profits from the capital invested by its shareholders and lenders.

It’s a helpful metric for understanding profitability, efficiency, and whether your business is creating value from the capital it has available.

Yes, accounting can be chic too. 💁‍♀️

Having trouble keeping track of everything? That’s what we’re here for!

📧 [email protected]

As a business owner, it can be tempting to take money out of your business whenever you need it. But without a plan, it can make it difficult to know how much your business is actually earning.

Having a consistent strategy for paying yourself can help you:
• Keep your business and personal finances separate
• Understand your true business cash flow
• Budget more effectively
• Make better financial decisions

Your business should work for you—but it still needs a plan.