Building a business is not something that is done overnight and any long standing business owner will most likely tell you that their business demanded many years of their time over the years. Often small business owners begin their business with the hopes of it becoming a family business that will thrive and be able…
When you are operating a small business there never seems to be enough time in the day or enough hands to get everything done. The three main areas of your Company that is non stop in its demands are your operational duties, administrative duties, and your financials. By keeping these separated in regards to…
There are so many things that we take for granted when it comes to our personal expenses that we tend to not give them much thought. For example, it is well known that it costs money to go out and make a living everyday. The tax department realizes this and has made some attempts…
Just when you think you may have mastered all of your options concerning pension plans another one surfaces. You have a good idea of what you can gain with a Registered Retirement Savings Plan, and you know that you have your Canada Pension Plan intact for your retirement years. What you may not know…
When you own personal items you consider them as your personal property and don’t even think there could be any tax implications regarding them if you were to sell or dispose of them. This is one area of tax that a lot of people get confused about. In many cases the property may be cars…
Anytime you want to know what the CRA has to say about tax matters you can always refer to their website. There is tons of information to be found here, and there is no doubt that they are using as much modern technology as possible to keep the public informed. They have even…
You will most likely be using a lot more technology as your small business becomes established and grows. All too often there is a learning curve that comes with this and more often than not we tend to not scrutinize the legalities of some of these resources. There will always be people that will devote…
More and more people have taken up the operation of a small business from the confines of their home, and more often than not they do this through a website, which is often a E-commerce site. Some do this thinking that because their business is primarily conducted online that it is not subject to…
You finished your taxes for the year, got them in on time, received your assessment and figure that’s the end of this for another year. Some people, don’t even bother to read their assessment, which could end up getting them into tax problems. Even if you sent in any tax that you determined that…
In our previous post we talked about having a business plan and the many purposes it can serve. When done properly it can prove to be a valuable tool for you to help you through the different stages of your business. Another very important use for the Business Plan is to help you obtain financing for…
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