From an Accountant’s perspective – May 2021

“[Accountants are] very scared their clients are going to be subject to penalties, and they’re very scared that their clients are going to hold them responsible for not getting their information done in time,” Woolley said. “And I think that’s why so many accounts are really really concerned and and and you know it, causing a lot of mental stress and anguish for them.”

“Sole Proprietorship vs Incorporation” – Planning your business strategy

Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll breakContinue reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”

Should you incorporate your small business?

When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operatingContinue reading “Should you incorporate your small business?”

COVID19 Resources – Personal & Business (Updated 07/21/2020)

General Information: (Updated 7/21/2020) Most updated interactive guide(s) to programs available: https://www.cfib-fcei.ca/en/covid-19-frequently-asked-questions https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry GeneralContinue reading “COVID19 Resources – Personal & Business (Updated 07/21/2020)”

Life Insurance for a Family of One

We spend a lot of time talking about how couples, families and businesses can protect their financial futures with lifeContinue reading “Life Insurance for a Family of One”

Accounting Outsourcing: The Nitty-Gritty that you need to know

Are you dreading about clearing the accounting and bookkeeping work which has piled up in your desk in view ofContinue reading “Accounting Outsourcing: The Nitty-Gritty that you need to know”

Accounting Methods – Cash and Accrual

When starting a business, you have to determine the method you are going to use for accounting and paying taxes.Continue reading “Accounting Methods – Cash and Accrual”

Stop Thinking Of Your Goals As Resolutions

Did you make a New Year’s Resolution this year? Why not ditch the resolutions this year and make some smartContinue reading “Stop Thinking Of Your Goals As Resolutions”

Keep Them Handy: Budgeting Tools that Work (*2 Min Read)

Budgeting your monthly expenses in order to get the greatest return on your income (and perhaps, even put aside someContinue reading “Keep Them Handy: Budgeting Tools that Work (*2 Min Read)”

Managing the Bottom Line

If you don’t keep track of how much money you’re making, you have no idea whether your business is successfulContinue reading “Managing the Bottom Line”