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
financial planning
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
What Can You Claim as a Small Business Expense in Canada?
As a sole proprietor or self-employed consultant, tracking your expenses and recording them in bookkeeping and accounting software, such as Quickbooks is essential for the health of your business and … Read more
How to Discover your Recurring Revenue Model?
When it comes to the value of your business, what happened in the past is much less important than what is likely to happen in the future. One of the … 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
Starting Vs. Growing a Business
Most company founders are good at the first stages of entrepreneurship. But in the phases that follow, they may only be average. Just because you have a knack for starting … Read more
What is Likely To Kill Your Company?
If your goal is to grow your business fast, you need a positive cash flow cycle or the ability to raise money at a feverish pace. Anything less and you … 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
Why should you sell less stuff to more people?
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
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
