How to know if you have a job or own a business?
The ultimate test of your business can be found in a simple question: would someone want to buy your company? Whether you want to sell next year or a decade … Read more
CPA4IT Professional Corporation
Forgot to obtain a receipt – What Now?
More often than not, small business owners such as yourself forget to obtain the receipt after making a business transaction. Receipts are generally required to substantiate an expense in front … Read more
What types of personally paid expenses may be deductible from my business income?
Making deductions from your business income is not as easy as it sounds. However, with the help of our expert accountants, you don’t need to worry about dealing with this … Read more
How to protect your business?
Warren Buffett famously invests in businesses that have what he calls a protective “moat” around them – one that inoculates them from the competition and allows them to control their … Read more
How to prepare for selling your company?
One of the most intimidating aspects of selling your business can be facing the barrage of questions during the various management presentations you’ll be doing for potential acquirers. Be prepared to … Read more
Reasons why you need a Business Credit Card
Over the past few years, a number of banks have started offering impressive Reward Points bonuses on their credit cards. These points can be used as a form of online … Read more
How to get your business to run without you?
Some owners focus on growing their profits, while others are obsessed with sales goals. Have you ever considered making it your primary goal to set up your business so that … Read more
Why shouldn’t you diversify?
Diversification is a sound financial planning strategy, but does it work for company building? How does Vitamix get away with charging $700 for a blender when reputable companies like Cuisinart … Read more
The Threats associated to Independent Contracting in Canada
Your ability to provide your services through your corporation is your right as a Canadian. When you do so, you get the benefits available to a small business in Canada … Read more
Which Is Better – a Financial Buyer or a Strategic Buyer?
If you decide to sell your business to an outside acquirer, you’re going to have to decide between a financial and a strategic buyer—understanding the different motivations of these two … Read more