How to remain honest with your employees?
One of the core principles of creating a more valuable business is ensuring it can run without you by getting managers to think like owners. The theory goes that empowered … Read more
accounting
Cash vs Accrual – Which method suits you?
Cash Versus Accrual Both the single-entry and double-entry methods can work in tandem with cash or accrual bookkeeping. To understand the difference between these two methods, take this example. Say … Read more
How to correctly time the sale of your business? 
The other day I was speaking with a successful CEO in his fifties who runs a heating and air conditioning company generating eight million dollars in revenue and over one … Read more
Importance of choosing the Right Bookkeeping tool for your business
What Is the Role Of a Bookkeeper? Bookkeeping is the part of accounting that’s concerned with the collection and organization of financial documents. This means that it is the bookkeeper’s … Read more
How to Complete the CRA Authorize a Representative Request
The CRA Authorize a Representative Request authorizes our firm to speak to the CRA on your behalf and access your CRA account as your representative. The CRA recently changed the … Read more
How to Obtain and Use the Company Key for Ontario Corporations
The Company Key for Ontario Corporations The Ontario company key is a 9-digit confidential passcode that was introduced on October 19, 2021 to facilitate access to Ontario corporation business records … Read more
How to increase your wealth?
Becoming wealthy may not be your primary goal, but if it is, there is a reasonably predictable way to improve your wealth. Step 1: Follow your passion Parents around the … Read more
How to leverage Tax Deductions through Percentage of Use Accounts?
Some of the key business deductions available to self-employed Canadian small business owners are related to business meals and promotional activities, automobile mileage and other expenses, and home office expenses. … Read more
Should you be Stingy with your Equity?
It can be tempting to offer shares in your company to finance its growth. These days, there are plenty of investors chasing promising new companies and, in today’s tight labour … Read more
How to Pay Yourself as a Small Business Owner in Canada
Once you are established in your business, or if you plan to launch an entity that is more than a side-hustle right from the start, it is important to consider … Read more
