Muia Consulting

Muia Consulting Smart Accounting Solutions for Business Growth. Bookkeeping, Taxation, Payroll & More.

Muia offers consulting and financial advisory, bookkeeping and tax services.

The federal AMT now has a higher exemption threshold ($173,000 for 2026) but includes more income types and disallows mo...
06/11/2026

The federal AMT now has a higher exemption threshold ($173,000 for 2026) but includes more income types and disallows more deductions, particularly affecting those with significant capital gains, stock options, or flow-through share deductions. 💰

The AMT ensures high earners pay at least a minimum level of tax even when using various deductions and credits, and 2026's changes capture more taxpayers than previous rules.

If you have complex income sources or substantial deductions, AMT calculations should be part of your tax planning. 🎯

Revenue gets attention, but profit leaks out through areas most businesses don't monitor closely—unused software subscri...
06/10/2026

Revenue gets attention, but profit leaks out through areas most businesses don't monitor closely—unused software subscriptions that auto-renew, vendor price creep over years without negotiation, inefficient processes that waste time without obvious cost markers, and duplicate services across departments that nobody notices. 💸

Our blog identifies six specific places where costs leak away silently, estimates typical leakage amounts, and provides practical systems for plugging each leak. Most businesses recover 5-15% of spending by addressing these areas systematically.

Find where your money is disappearing: 🔍 https://www.muiaconsulting.com/small-business-cost-leakage-areas/

06/09/2026

Being selected for a CRA audit doesn't mean you've done anything wrong, but how you respond determines the outcome—from initial correspondence through document requests, interviews, and final assessments. 🛡️

We prepare your audit response strategy, organize and present required documentation, communicate with CRA on your behalf, protect your rights throughout the process, and negotiate favorable resolutions when possible.

Professional representation significantly improves audit outcomes and reduces stress. Get audit protection: 📋 https://bit.ly/3vwPCVa

The best business advice often sounds completely impractical until you're ready to hear it. 💡 "Raise your prices" seems ...
06/08/2026

The best business advice often sounds completely impractical until you're ready to hear it. 💡

"Raise your prices" seems reckless when you're worried about losing customers. "Fire that client" sounds insane when they represent significant revenue. "Hire before you think you can afford it" feels financially irresponsible. "Invest in systems" seems wasteful when money is tight.

But experienced business owners recognize these as exactly the moves that create breakthrough growth—because staying safe and comfortable is often the riskiest strategy of all.

The right advice at the wrong time feels wrong, but becomes obvious in retrospect. Trust entrepreneurs who've been where you are now. 📈

Preparing for tax season throughout the year dramatically reduces stress and improves accuracy when filing time arrives....
06/07/2026

Preparing for tax season throughout the year dramatically reduces stress and improves accuracy when filing time arrives. 📋

Complete these four tasks consistently:
1️⃣ Reconcile all accounts monthly so year-end close doesn't reveal months of accumulated errors that require time-consuming cleanup
2️⃣ Categorize transactions properly as they occur using a consistent chart of accounts rather than leaving everything to figure out later
3️⃣ Track business kilometers contemporaneously with a mileage app because reconstructing a year of driving from memory reduces deductions and invites CRA scrutiny
4️⃣ Maintain a dedicated folder (physical or digital) for tax-relevant documents like T4As, receipts for major purchases, charitable donations, and investment statements so nothing gets lost

Proactive organization transforms tax season from nightmare to routine. 💼

Every business owner has that decision they knew they should make but postponed for months or years—raising prices, cutt...
06/06/2026

Every business owner has that decision they knew they should make but postponed for months or years—raising prices, cutting a money-losing product line, hiring help, firing a problematic client, or investing in better systems. ⏰

What decision did you delay, what finally forced your hand, and what would you tell your past self about making it sooner? Sometimes hearing that others struggled with the same inertia helps us push through our own.

Share your "I should have done this sooner" story! 💭

The Year's Maximum Pensionable Earnings (YMPE) rose from $71,300 in 2025 to $74,600 in 2026, increasing the maximum CPP ...
06/05/2026

The Year's Maximum Pensionable Earnings (YMPE) rose from $71,300 in 2025 to $74,600 in 2026, increasing the maximum CPP contribution for employees and the matching employer portion. 💼

With the CPP rate at 5.95%, this change means higher payroll costs for employers and slightly lower take-home pay for employees earning above the threshold.

Self-employed individuals pay both portions, doubling the impact. Budget accordingly for increased payroll remittances this year—the change affects every pay period.

Understanding current rates prevents payroll surprises and ensures accurate budgeting. 📊

Quarterly cash demands follow predictable patterns, yet they catch business owners off guard every three months. 💰 This ...
06/04/2026

Quarterly cash demands follow predictable patterns, yet they catch business owners off guard every three months. 💰

This post details five common quarterly cash flow surprises, explains why they feel unexpected despite being scheduled, and provides forecasting strategies to anticipate and prepare for them.

Knowing the pattern lets you plan ahead instead of scrambling when bills arrive.

Stop being surprised by predictable events: 📅 https://www.muiaconsulting.com/small-business-cash-flow-surprises/

06/03/2026

Fractional controllers bridge the gap between basic bookkeeping and full CFO services—establishing proper controls, ensuring accounting accuracy, managing the close process, supervising junior accounting staff, and providing strategic financial insights without the six-figure salary of a full-time hire. 💡

Perfect for businesses in that $2M-$10M revenue range that need sophisticated financial management but can't justify or don't need a full-time controller.

Get controller-level expertise scaled to your size: 🎯 www.muiaconsulting.com

Changing accounting platforms is notoriously difficult—data migration, learning curves, process adjustments, historical ...
05/31/2026

Changing accounting platforms is notoriously difficult—data migration, learning curves, process adjustments, historical data access, and the disruption to daily operations make many businesses stick with suboptimal software longer than they should. 💻

If you've made the switch (QuickBooks to Xero, desktop to cloud, spreadsheets to proper software), how did it go? What made you finally pull the trigger, and was it worth the pain? Or are you currently suffering with software you hate but can't imagine changing?

Let's hear your war stories! 😅

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Suite 213/10 Great Gulf Drive
Vaughan, ON
L4K0K7

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Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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