So you’ve set up your new bakery. Everything is going great so far. You’ve got a few customers walking in the door every day, and they’re being serviced to the best of your abilities. People are raving about the best damned sour-dough they’ve ever tasted. At the end of the day, you throw all your […]
Category: Accounting
The Value of a Good Financial Audit
How often have you thought to yourself “Hmm . . . I’d better get a high quality audit of my business done this month”. Probably not very often. So let’s chat today about why you need this service performed every once in a while. […]
Sale of Private Companies
Selling one’s own privately held business can be very rewarding but at the same time very challenging at many levels. With this blog, I hope to explain why and how to approach the sale of your own business so as to minimize the challenges. […]
Over contributions to your Tax Free Savings Account (“TFSA”)
The TFSA account has been by far one of the most popular tax savings vehicles introduced by Jim Flaherty in the 2008 budget. The goal of the TFSA is to allow you to save after tax dollars without being taxed on earnings inside the TFSA. For the purpose of this post, we will discuss the […]
Should you incorporate?
Companies and businesses can be owned through various methods. For the purpose of this post we will look at a business that is owned through an individual in comparison to a business that is owned through a corporation. […]
Important Tax Accounts
The general public may be familiar with accounts such as the income tax account and the tax payable account. However, when it comes to tax, a few of the most important accounts in tax are accounts that you might be unaware of. These accounts include the refundable dividend tax credits (RDTOH), the capital dividend account […]
Small Business Cash Management
This month’s blog will discuss cash management of small businesses. Small business owners must manage their cash flow on a daily basis, which is only reasonable given that this is one of the many core elements of a business. It is very common for small business owners to fall into a black hole of ineffective […]
