How to set up a holding company in Canada?
What is a holding company? A holding company is a type of corporation that owns other companies’ stock. It is usually used as a way to manage and control a … Read more
taxes
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
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 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
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
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 Generate invoices using QuickBooks and Xero?
Given all of the benefits of e-invoicing, it’s clear that using this method will provide maximum productivity and help you track your revenue accurately. Using e-invoicing provides a clear window … Read more