Best Accounting Practices for Small Businesses
Running a business is a lot of work. There are so many different facets to it – from marketing and sales, to product development and fulfillment. But one of the … Read more
business
How Your Age Shapes Your Exit Plan
Your age has a big impact on your attitude toward your business, and your feelings about one day getting out of it. For example, one person who runs a boutique … Read more
How to leverage the benefits of a Personal Real Estate Corporation?
What is a PREC? A personal real estate corporation (PREC) is a Canadian legal entity that allows an individual to own and control real estate in their name. The PREC … Read more
The Most Critical Factor in Achieving Your Goals May Surprise You
As we roll into the fourth quarter of the year, you may be starting to consider your business goals for next year. Given how 2020 has gone, maybe your primary … Read more
WHAT BILL 88 MEANS TO YOU
Bill 88, also known as the Working for Workers Act of 2022, was enacted into law in Ontario on April 11, 2022. Bill 88 amends many employment-related statutes, in addition … Read more
When is the right time to transition to a new accountant?
Transitioning to a new accountant can be a very tricky decision to make. However, it is completely normal to outgrow your current accountant and move on to someone who understands … Read more
How To Avoid Disappointment When It’s Time To Cash Out
How do you avoid not being disappointed with the money you make from the sale of your company? Perhaps you’ve heard that companies like yours trade using an industry rule … Read more
Bookkeeping Methods
One of the most important aspects of running a small business is keeping accurate and up-to-date records. Bookkeeping may not be a very glamorous task, but it is essential in … Read more
Importance of Bookkeeping?
Bookkeeping is the process of recording and storing financial transactions. Transactions are typically recorded in a bookkeeping system, which can be either paper-based or electronic. The goal of bookkeeping is … Read more
How To Get a Big Company Multiple For Your Business
Big public companies trade at a significant premium over small businesses in the same industry because investors perceive big, sophisticated companies as a safer bet than small, owner-dependent companies. Services … Read more
