Prosper CPA Blog | Smart Accounting for BC Businesses

Prosper CPA Blog

Smart Accounting Tips for Business Owners in BC

1. Most Commonly Missed Tax Deductions for Small Businesses

Don't leave money on the table — here are deductions many BC business owners overlook (and how to fix it).

2. Should You Incorporate in BC? Pros & Cons Explained

Understand whether incorporation is right for your business — including tax advantages and compliance requirements.

3. GST and PST: What Every New Business Owner in BC Needs to Know

We break down when to register, how to file, and avoid penalties on your provincial and federal sales taxes.

4. How to Pay Yourself: Salary vs Dividends for Owner-Managers

Tax-efficient strategies for getting paid when you own your corporation. What you need to know for 2024.

5. Top 5 Bookkeeping Mistakes New Entrepreneurs Make

Messy records can cost you. Learn the most common errors and how to fix them before tax time.

6. WCB in BC: Who Needs to Register and When

Do you need WorkSafeBC coverage? Here's how to know, how to register, and what happens if you don't.