What are the hurdles faced by small businesses?
Small businesses stay small either by choice, or because they start chasing growth in the wrong places. When you strip away the layers, it all comes down to darts. Imagine a … Read more
accounting
Key Information to Include in an Electronic Invoice
Whenever you generate a new invoice, a unique number is allocated to that invoice. This number is called the Invoice ID. It is recommended that you give a sequential invoice … Read more
How to Generate invoices using QuickBooks and Xero?
Given all of the benefits of e-invoicing, it’s clear that using this method will provide maximum productivity and help you track your revenue accurately. Using e-invoicing provides a clear window … Read more
How to Track Your Revenue the Right Way
If you received a notice that you were going to be audited by the Canadian Revenue Agency (CRA) today, could you provide all business records and receipts in an electronic … Read more
What Are The Benefits Of Owning Your Company?
Walk down Nashville’s Lower Broadway any night of the week, and you can hear aspiring artists belting out cover tunes from Elton John to Garth Brooks. In many cases, these … Read more
Create a Chart of Accounts for Your Small Business
A chart of accounts is a list of the account numbers and names relevant to your company. There are four primary groups in a standard chart of accounts: 1. … Read more
How to Maximize your Deductions?
Are you a business owner who is paying more tax than necessary by not making all the important deductions on your income? If the answer is yes, then this article … Read more
How to ensure that your business isn’t dependent on a single person?
For your business to be valuable – and sellable one day – you need some way to generate sales after you’re gone. Many business owners hire a superstar salesperson to … Read more
How to Leverage Shareholders and Employees’ Loans?
What is Financial Leverage? Leveraging is the act of utilizing borrowed capital as a funding source to generate a return on your assets. It can also be referred to as … Read more
How does choosing the right tax structure help you pay less tax?
Small business owners often find it difficult choosing the right tax structure for their business. This is because they are unable to correctly categorize their business. Therefore, they end up … Read more
