Business Succession Planning: Preparing for a Smooth Transition
In the life of any business, the moment of transition in leadership is pivotal. Whether it’s due to retirement, unexpected events, or...
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The Blog
Stay up to date on the latest accounting tips for small businesses!
Choosing the Right Accounting Software: A Guide for Small Business Owners
In today's fast-paced business world, the importance of efficient financial management cannot be overstated, and this is where accounting...
The Importance of Cash Flow Management and Strategies to Optimize It
Cash flow, the movement of money in and out of a business, plays a vital role in a company's operations. Effective cash flow management...
Tax Deductions Every Small Business Owner (in Canada) Should Know About
Understanding tax deductions is crucial for small business owners in Canada. By claiming eligible deductions, you can significantly...
Financial Forecasting for Small Businesses: Why It's Important and How to Get Started
Financial forecasting, the process of estimating future financial outcomes based on historical data and assumptions, plays a critical...
The Pros and Cons of Different Business Funding Options: Loans, Grants, and Investors
Funding is the lifeblood of any business, providing the necessary capital to launch, grow, and thrive in a competitive market. There are...
Evaluating Business Performance: Key Metrics and Indicators Every Entrepreneur Should Track
Evaluating business performance is crucial for entrepreneurs to understand the health and growth potential of their ventures. Monitoring...
How SMART are your goals?
Have you ever heard of SMART goals? Why spend time on creating these types of goals? What’s their use and does your business actually...
Setting up your business for success in 2022
It's here. The year we've all been waiting for as the turning point. Welcome 2022! If you're a business owner, now is the time to get all...
Answering your urgent questions regarding HST - Part II
How much GST/HST is charged to customers outside of your province? Charging the right sales tax (GST/HST) is crucial for a number of...
Answering your urgent questions regarding HST - Part I
All business owners must be aware of HST filing obligations. Since most business owners have the same type of questions, here's an easy...
Shareholder Loans: what are they, how to treat them and what to be aware of?
What are shareholder loans? As a shareholder, there are a few ways to withdraw funds from your corporation, such as: paying yourself a...
How to avoid the employee or self-employed trap?
Your business is growing - bravo! You’ve decided you need help however do not want the worker to be on payroll. No problem. You can...
Should you incorporate or remain a sole-proprietorship?
This is one of the most common questions entrepreneurs usually ask and it really depends on a few things. There is no 'one-size fits all'...
To lease or not to lease? That is the question
Your business needs new equipment and now you’re faced with a tough question – to lease or not to lease, or rather - to lease or buy?...
How to get better control of your AR?
Accounts Receivable Once your business issues an invoice to a customer and until a payment is received, the amount sits in the accounts...
How to get paid as a business owner?
You work so hard to make your business a success and like anyone else, deserve to get paid. As an owner of an incorporated business, you...
Bank reconciliations are not important at all. Or are they?
You know these bank statements you get every month? The ones you sometimes don’t even bother looking at, or even worse – throw out? Well,...
How to get ready for a CRA audit?
So, you received a brown envelope in the mail. You dreadfully open it and realize that you’ve been selected! However, unfortunately, you...
Is your business ready for a CPA?
You've probably heard about CPAs in the past but you're not quite sure what they do. You think they're accountants or do something...
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