What are Payroll/Source Deductions?
As an employer, it is your responsibility to withhold a portion of your employee’s income, which is then remitted to the CRA for tax purposes. These deductions on the employees’ … Read more
business
How To Avoid Stalling Revenue?
If your company’s revenue has stalled after a period of rapid growth, you may have fallen into The Mile-Wide Trap. The Mile-Wide Trap The Mile-Wide Trap ensnares you when you … Read more
Cyber Security – A Basic Introduction
Cyber security is becoming a major threat to individuals and corporations all over the world, especially during the post COVID era. Ever since the world went into lockdown, most of … Read more
How To Thrive As A Middleman/Middlewoman?
Being a middleman (or woman) has become risky business. When was the last time you used a travel agent? Agencies have largely become irrelevant given the rise of online travel … Read more
How to determine when to sell your company?
Most business owners think selling their business is a sprint, but the reality is it takes a long time to sell a company. Selling a business That’s probably how most … Read more
How much goodwill do you have in your business?
What is Goodwill? The term “goodwill” is often thrown around in conversation as though it is a subjective description of how much your customers like your business. In fact, when … Read more
Why shouldn’t you call your business a ‘consultancy’?
The majority of businesses in America today started out as service companies. If you want to own a web design firm, you don’t need a lot of money, just a … Read more
How small businesses can use PAD
If you’re a small business owner, you likely take credit cards and debit cards as payment. Plastic is convenient for most consumers, but it has drawbacks to business owners. Credit … Read more
How To Grow Your Business Beyond Your Efforts?
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. How is … Read more
Can You Claim Missed Deductions from Previous Years with CRA?
If you plan on managing your finances on your own, you risk making a lot of errors that could hurt your business. Not being able to claim your deductions is … Read more