“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)”

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”

Making a Profit

Accountants are responsible for preparing three primary types of financial statements for a business. The income statement reports the profit-makingContinue reading “Making a Profit”

Personal Accounting

If you have a checking account, of course you balance it periodically to account for any differences between what’s inContinue reading “Personal Accounting”

Denied Life Insurance? Here Are Your Next 3 Steps

It’s tough to learn that the life insurance company you applied to will not be offering you coverage, especially ifContinue reading “Denied Life Insurance? Here Are Your Next 3 Steps”

Why Small Businesses Fail: Top 7 Reasons for Startup Failure

Business failure isn’t something you want to think about when you start a business. But according to the SBA, aboutContinue reading “Why Small Businesses Fail: Top 7 Reasons for Startup Failure”