Swipe Right? Choosing the Best Firm for Your CPA Journey

It’s recruiting season and you’re about to begin the whirlwind tour of accounting firms pining for your attention with socials, swag and promises of a bright future. It’s a lot of pressure in a short amount of time, and it’s no wonder students are often left pondering which firm is the best choice. Like dating, […]

Why Borrowing Money from your Company is a Risky Proposition

Why Borrowing Money From Your Company Is A Risky Proposition

There are three basic ways that an owner-manager can draw funds from their company: Payment of wages/salary, Payment of dividends, and Repayment of loans previously advanced to the company. However, many owner-managers have found that a fourth way to draw funds from their company is to simply borrow money from the company.  This seems like […]

Cloud-Based Accounting

Cloud-Based Accounting

Today’s accounting department should be a lean mean operating machine. How, you ask? By moving to the 21st century; integrating and automating processes and using cloud-based applications.  Accounting departments have gone from paper ledgers to computerized activities and can now move to automation. Such a move needs to be carefully planned and executed to ensure […]

Updated Tax Rate Cards for 2021

Here are our updated tax rate cards to account for the 2021 BC Budget. In these, you will find 2020/2021 corporate tax rates and 2020 / 2021 BC individual tax rates. Please contact your DMCL advisor in case of any questions.