Author Archives: The Titanium Team

Best ways for contractors to track payroll of subcontractors

So now you’ve got the big job and it’s time to get things done. But…the job is too big for your firm or maybe involves a sub-trade that is not your specialty. It’s time to assemble your dream team of partners to help get the job done. You’ve got sub contractors! What’s the best way

FAQs – Our Ten Most Frequently Asked questions

questions and answers

We understand some topics may seem more complex than others when talking about our business. Find here the answers to our most frequently asked questions.

How long is it going to take?

Services can be done quickly if all back up documents are submitted and organized and submitted well before your deadlines.  It’s human nature

How Do I Save Money for Taxes?

save money for taxes

You may wonder, how do successful businesses like yours save money for taxes? Your business is off to a great year and you know you’re going to owe some taxes at year-end. Now is the time to consider putting some money away to pay your tax obligations.

Different methods to save for taxes

First thing …

Lease vs. Buy – What’s the best option for my business?

Lease vs. Buy

Considering whether to purchase or lease a new piece of equipment? What’s right for your business? There’s more to consider than the monthly costs alone. You need to look at your expectations, service life and the total cost of ownership to determine the best for your business.

How does a lease work vs. buying

Leasing

What’s the difference? Bookkeeper vs. Accountant

bookkeeper vs accountant

You know you need help with the financials but can you get by with only one or the other? When is the right time to bring on a bookkeeper vs accountant?

What does a bookkeeper do?

Bookkeepers can be thought of as your tactical support team.   On a day-to-day basis they help your business settle

What Bookkeeping Service is Right for Me?

bookkeeping service - three people lookin

You’ve decided you need a bookkeeping service to help keep your books in order and are in the process of deciding what sort of tasks you need them to do. Let’s have a look at what some different tiers of bookkeeping look like…

Annual Bookkeeping Service

If your business has no employees and simple accounts,

Payroll vs Dividend: Which is the best way to pay myself?

payroll vs dividends

Choosing how to pay yourself (payroll vs dividend) is confusing. Is it better to take payroll or a dividend? The answer for your company will depend on your budget, planning, and appetite for administration.

In general, payroll should be used for day-to-day living expenses and dividends should be used to clear excess retained earnings from

When do I pay myself a bonus from my medical practice?

medical practice bonus

Your medical practice is doing well. You’ve worked hard to prioritize patient care while still bringing in a profit, and now you have a surplus of cash that you don’t need to cover day to day operations. While this is exciting, deciding exactly what’s best to do with that extra income can feel paralyzing. 

To

What am I doing that might make my small business fail?

mistakes owners make

You’re a Type A business owner with grand visions of where you want to take your company. Because of this, you’re always looking for ways you can improve your business, or things you’re doing that might unintentionally be holding you back. In my years of experience working with talented entrepreneurs, I’ve noticed four big mistakes