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
finance
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
How to pay yourself as a business owner?
If you’re like most people, you probably don’t know how to pay yourself as a business owner. Being a small business owner, it’s important to know how to pay yourself. … Read more
How to accurately determine the value of your business?
Your business is likely your largest asset so it’s normal to want to know what it is worth. The problem is: business valuation is what one might call a “subjective … Read more
3 Invisible Gates That Stop Most Companies Flat
How many people can one person manage? Harvard Business Review estimates the ideal range for an experienced manager is between five and nine direct reports. Inc. pegs the sweet spot … Read more
How to deduct employment expenses?
As a business owner, you can deduct a variety of employment expenses on your taxes. These deductions can include things like travel expenses, uniforms and work-related tools. However, making these … Read more
How You Should Not Be Spending Your Time
In an analysis of more than 14,000 businesses, a new study finds the most valuable companies take a contrarian approach to the boss doing the selling. Who does the selling … Read more
Should you be tracking your revenue?
As a small business owner, it’s important to keep track of your revenue. This can help you make informed decisions about your business and ensure that you’re on track to … Read more
CPA Canada’s New standard – CSRS 4200
If you’re a small business owner seeking accounting and bookkeeping services, it’s important to be aware of the new standard issued by CPA Canada and the Auditing and Assurance Standards … Read more
