FTF Accounting

10/17/2026

Your staff Christmas party could be 100% tax deductible 🎄

Most meals and entertainment are only 50% deductible. Staff events are different. When you invite your whole team, the full cost can generally be deducted.

And it's not just Christmas. You can claim up to 6 of these events a year. Think a Valentine's party, a team night out or a team-building day.

The catch? If your bookkeeper doesn't know what the transaction was for, it often gets claimed at 50%. That's money you're leaving on the table.

So label those receipts and give your bookkeeper or accountant a heads-up.

Every business is different, so speak to a CPA about your situation. Book a free 30-minute consult with us, https://ftfaccounting.com/

10/03/2026

A friendly reminder that the bank balance is not profit!

That money may already have been allocated.

Tax. Payroll. GST/HST if applicable. Supplier bills etc.

A clean set of books helps you see what is actually available before you make the next decision.

If your bank account is doing the job of your bookkeeping, let us help tighten the system.

Book a free 30-minute consultation with FTF Accounting.

FTF Accounting https://ftfaccounting.com/

09/30/2026

For new GST/HST registrants, one of the easiest cash-flow traps is treating every deposit as spending money.

A customer pays the invoice. The bank balance looks healthier. Then that cash gets used for payroll, supplies, loan payments, owner draws, or the next urgent bill.

The problem is that part of those funds may be GST/HST collected.

A better workflow is to calculate the GST/HST collected from sales as you go, then transfer that amount into a separate reserve or savings account. Keep it out of day-to-day operating cash so it is not accidentally spent before the remittance is due.

Your actual filing may also include eligible input tax credits, where the rules apply. That is why the bookkeeping still matters.

But the habit is simple: separate the GST/HST cash before it disappears into regular business spending.

FTF Accounting helps service businesses, contractors, and owner-operators in Mission, the Fraser Valley, and across Canada virtually set up cleaner bookkeeping and GST/HST remittance systems.

Book a free consultation. link in bio

09/30/2026

For new GST/HST registrants, one of the easiest cash-flow traps is treating every deposit as spending money.

A customer pays the invoice. The bank balance looks healthier. Then that cash gets used for payroll, supplies, loan payments, owner draws, or the next urgent bill.

The problem is that part of those funds may be GST/HST collected.

A better workflow is to calculate the GST/HST collected from sales as you go, then transfer that amount into a separate reserve or savings account. Keep it out of day-to-day operating cash so it is not accidentally spent before the remittance is due.

Your actual filing may also include eligible input tax credits, where the rules apply. That is why the bookkeeping still matters.

But the habit is simple: separate the GST/HST cash before it disappears into regular business spending.

FTF Accounting helps service businesses, contractors, and owner-operators in Mission, the Fraser Valley, and across Canada virtually set up cleaner bookkeeping and GST/HST remittance systems.

Book a free consultation. https://ftfaccounting.com/contact-us/

FTF Accounting

09/28/2026

🤔 If you run a business in British Columbia, you have probably heard people use the terms bookkeeper and accountant interchangeably. In practice, they serve different purposes.
Check out the differences 👉🏼

If you run a business in British Columbia, you have probably heard people use the terms bookkeeper and accountant interchangeably. In practice, they serve

09/25/2026

1. Myth: hiring makes you profitable faster.
Reality: a bad hire before your systems are ready can cost you more than it saves.

2. Myth: you need a full benefits package from day one.
Reality: many first hires start with just wages and vacation pay — benefits can come later.

3. Myth: payroll is just “pay them and done.”
Reality: source deductions, remittances, and ROE requirements start the moment you cut that first cheque.

Thinking about your first hire? Let’s make sure your payroll setup is ready before they start.
https://ftfaccounting.com/

09/21/2026

💳 How you spend your money is just as important as where you spend it...

09/19/2026

💸 Most BC business owners are leaving money on the table with the CRA, and don't know it.
Our free Tax Savings Playbook breaks down the exact strategies BC business owners use to legitimately cut their tax bill, no guesswork, no grey areas.

✅ When incorporating actually saves you money (and when it doesn't)
✅ How to split income with your spouse without triggering CRA's TOSI rules
✅ The 7 deductions most BC contractors miss every single year
✅ Timing moves that shift thousands in tax liability

Comment "PLAYBOOK" and we'll send you the link, or grab it straight from the site (link below).

What's the one tax question you wish someone would just answer straight? Drop it below, might be next week's post. 👇

https://ftfaccounting.com/small-business-tax-playbook/

09/15/2026

Your spare room is a tax deduction. Most owners under-claim it.

Measure your office. Divide it by your total home square footage. That percentage is what you can claim of your rent or mortgage interest, heat, hydro, internet, home insurance, property tax and repairs.

150 sq ft in a 1,500 sq ft home is 10%.

What you can never claim: mortgage principal. That is not an expense, that is you buying your house.

And it cannot create or increase a business loss. Anything unused carries forward to a future year.

Working from home and not claiming this? Book a consultation, and we will sort it: https://ftfaccounting.com/contact-us/

09/13/2026

🧘🏼‍♂️ Winding down a business doesn't mean winding down your tax obligations.
This client's holding company needed a CPA who'd take it seriously. Now it has one.
Tag someone who could do with some credible CPA advice. 👇

https://ftfaccounting.com/