Testimonials

Cathy Mauro

"In the startup phase of my business I needed some challenging questions answered relating to payroll and accounting systems. Rather than spending hours researching it, I let Williamson Accounting handle it – providing clear-cut answers to my issues instantly. As a small start-up I was unsure a professional accounting firm would take time to work with me. But no business is too small for Williamson Accounting and they gave me the one-on-one consultation I needed and great professional guidance. With their help I know I am making smart decisions in handling my business finances."

Cathy Mauro, President, Stand Ease Incorporated

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Williamson Accounting Inc. helping your small business to reduce taxes and simplify accounting in the Greater Toronto Area (GTA) and across Canada.

For a free initial conversation about your business, call (416) 444-8747 or Contact us.

Profiting From Your Lease

j0422996Almost all companies grow, shrink or diversify over time. So they need more, less, or different types of space.

If you negotiate your office rental agreement effectively, you'll save the cost of relocating every time your company changes size or direction. For that matter, you can use your lease to generate extra income.

 

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Managing Debts and Your Bottom Line

j0423062Paying your company debts is just as important as collecting your own accounts receivable, and they need just as much management.

The good thing is, you actually have a surprising amount of control over how and when your company's debts are paid and that provides several advantages.

First, you want to adopt good internal controls for the payment of your bills, so you need to reconcile both:

Purchase orders with the invoices and statements your vendors send, and

Accounts payable
subsidiary ledgers with the general accounts payable ledger.

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Tax Deductibility of Life Insurance Premiums

The question of whether premiums paid for life insurance can be deducted from income often arises in tax-planning exercises.

The rule is that life insurance premiums are considered to be capital outlays and not an expense incurred for the purpose of producing income from a business or property. Therefore  a deduction is usually disallowed.

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Visit Us

We are located near Sheppard Ave. and the 401/ 404 Hwy corridor at 203- 211 Consumer Road 
Toronto, ON M2J 4G8
Tel: 416-444-8747
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Quotable

Abraham Maslow

"You will either step forward into growth or you will step back into safety"

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