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”
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?”
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)”
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”
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”
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”
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”
The worst side hustle is the one you don’t start. Here’s how to put it in action.
One of the most exciting things about managing a small business on your own is the ability to be in control of every operation.