There is a right way and a wrong way to take money out of your business.
The “wrong way” is to simply withdraw cash from your business bank account. It’s not wrong because it’s punishable by the Gods or the law enforcers, but it can result in a punishingly high tax bill. It can also …
With the end of the Financial Year getting closer and closer, we elaborated a recap of when are your taxes due so you don’t miss any deadline!
Personal Taxes – In Canada, the deadline to file your personal tax return is April 30 of each year. In 2023, April …
“Unless you are well-versed in accounting, it’s worth your investment to outsource it”.
This is what Mike Taylor of The Smoke Bloke recommends to other business owners who are struggling through doing the accounting themselves.
When we first met Mike he was running The Smoke Bloke on his own. He was the bloke, smoking. After …
Ready to take the plunge and start your own business? Here are ten steps to successfully set up your small business:
Are you ready to start to pay less personal taxes? Here’s a summarized guide on how to achieve that.
Maximize your deductions: CRA specifically allows certain deductions to reduce your taxable income and help you pay less tax. The most popular deductions are:
Nothing crushes the high of finding an amazing new team member for your business more than thinking about payroll. Our PDF guide helps make payroll easy to you can have freedom to grow.
Congratulations on hiring the first employee for your small business. It’s time to run your first payroll but where to start? Let’s talk about getting your new employee paid and how to fulfill your responsibilities as an employer.
A growing business is a business that is usually consuming cash flow. Rapid expansion means investments in development costs, marketing, inventory, and accounts receivable, the time between your investment and receiving the money from your customer can stretch out for months.
Large construction projects can take forever! Additionally, we want to match the cash flow …
Business is great, customers are excited about your product but you need more capital to service all of your new accounts. It’s time to think about bank loans to expand your business.
Start early! Banks are going to want to see two …
As business owners, we invest our experience and capital to service our customers, pay our employees and return a profit on our investments. Capital can come from the owner in the form of equity investments and also your first bank loan.
At a certain point, your business may need more investment to continue to grow. …