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 …
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.
First thing …
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?
Bookkeepers can be thought of as your tactical support team. On a day-to-day basis they help your business settle …
Our 10 Business Secrets starts off with: A business is not what you do, what you own or what you sell. A business is culture – a set of common beliefs that bind people around an objective or goal. Your employees take …
How do I avoid audit triggers? Why do businesses get audited?
If you’ve ever been audited, you know that it’s a very unpleasant surprise. It’s a stressful process that can drain you of time and money you can’t afford to spend. But what if who the CRA chooses to audit isn’t actually a surprise?
The …