Should Your Business Invest in Stocks?
A Tax-Smart Guide for Incorporated Business Owners in Ontario Business is doing well and the profits are rolling in. You’re piling up excess cash you don’t need to reinvest into the business. You could pay it out as salary or dividends, but is that the best move? Before withdrawing the money, consider whether your corporation […]
The Most Wonderful Time of the Year: Year-End Review
*While this post is written under the assumption that your fiscal year end is December 31st, these concepts can be applied based on any fiscal year end date. If you own a small business, it is very important to plan how you can set yourself up for success for the year ahead. Most businesses know […]
Need to Hire More Workers? Details of the Proposed Canada Recovery Hiring Program Announced
The proposed Canada Recovery Hiring Program has been designed to help businesses who have been hit hardest by COVID-19 hire the workers they need. The program would provide a subsidy of up to 50 per cent of eligible salary or wages for employers who have experienced qualifying revenue declines. Support would be available retroactively from […]
Support is on its way! – Canada’s COVID-19 Economic Response Plan (PART 2)
A Letter to Small Business Owners: Hope that you are all keeping well and safe as we progress through this crisis. We wanted to reach out to you again because you likely would have seen some of the Federal government’s announcements over the past few days as it attempts to bolster its Economic Response Plan for […]
Support is on its way! – Canada’s COVID-19 Economic Response Plan
A Letter to Small Business Owners: Hope that you are all doing well in spite of this COVID-19 crisis. What a situation this is… We just wanted to take a moment to let you know that we continue to be fully operational and are ready to assist you with any of your tax/accounting needs. We […]
The Most Profitable Clients You will Ever Access
You can spend hours of time cold-calling, or thousands of dollars on advertising, all to end up disappointed with no new customers. Your time and budgets are stretched already, and you may be thinking, “There must be a better way”! While cold calling and wide-spread advertising certainly have their benefits, my preferred method for gaining […]
Ask the Accountant: My company is worth a lot of money! So why am I running out of cash?
In approaching business, people generally think in profits instead of cash. When imagining a new business, an owner thinks of the cost to promote the service, the fee you could charge, and what the profits per unit might be. They think of a business as sales minus costs and expenses—that is, profit. Unfortunately, profits are […]