“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”

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”

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”

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”

5 Reasons to Start Your Side Hustle Right Now, Not Next Year

The worst side hustle is the one you don’t start. Here’s how to put it in action.