April is the busiest time of year for bookkeepers and tax accountants. Often, as we’ve discovered, this also comes as quite a stressful time for many a business owner. The realization that managing one’s business books isn’t a once-a-year job. If this is you this year, there is good news ahead! You can proactively set […]
Everyone wishes they had more time in their day, especially small business owners. We get it – some days we wish there were more hours in ours too. If you’re feeling frustrated and overwhelmed by never having enough time for your business books, there may be a deeper underlying problem that is harder to detect. […]
We all know words can make intriguing stories. It’s all the rage in marketing, sharing the story of your business and the people in it, but what about your business numbers? Did you know that your financials are telling you the full story of your business? It’s important to understand the tales your numbers are […]
When you think of Revenue Canada, what feeling do you get? Warm fuzzies all over; cold shivers down the spine; perhaps a happy indifference. Ultimately, if “cold shivers” is your answer, then this blog is for you. Why? Simple – Canada Revenue Agency (CRA) is not the wolf in sheep’s clothing they’re made out to be. […]
You love running your business. It provides opportunities to expand your skill sets and turn what you love into a career. So much greatness has come from owning your own company. Yet, the reality of running your business is not quite what you imagined as many aspects are simply outside your comfort zone, particularly when […]
Husband and wife team Jane and John Smith own a profitable consulting business that they incorporated five years ago. While they, along with two other employees, take a salary out of the company, they do not have any other individual health benefits that many larger consulting firms offer employees. With traditional individual health benefits not […]
Is it better to incorporate or stay as a sole proprietor? Goodness – this is a question we hear every day. So, should you consider incorporating your business? Regardless of whether you’re just starting a business or transitioning from sole proprietor to a corporation, the road to incorporating is a very important process, with advantages […]
What hat must I wear today? This question is one all small business owners ask themselves each day (ourselves included). And with each day, their decision will determine if they’re business is on the path to mere survival or to a thriving and sustainable future. With 1.17 million employer businesses in Canada at the end […]
Having come through another tax season, we witnessed some beautifully completed books that made our numbers-loving hearts so happy. But, we also saw some books that weren’t as organized as they could have been. And we’ve also observed the difference accurate records make to a business, and to the business owner’s peace of mind. Seeing […]
When was the last time you sat down with your bookkeeper and had a conversation beyond receipts and profit loss statements? Are you utilizing your bookkeeper to their full potential, further enhancing your business and your working relationship? We’re talking about a working relationship built on trust, which only comes from having conversations beyond the […]