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Seasoned long haul truck drivers soon learn the value of using an accountant to help them keep track of their expenses as many of these while on the road have an effect on their income tax submissions. Quite often new drivers are now aware of the need for a quality accountant as they have…
Most new businesses have a lot of expenses and low on their “to do” list is their actual marketing. First they want to get their business up and running which of course is the right thing to do. However, during the planning stages when setting the budget it should include funds for marketing. Fortunately…
Many businesses are becoming much more involved at trying to cut their business costs. Often the tendency is to reduce the number of workers so the payroll costs can be reduced. This doesn’t always work out too well because there is now a shortage of workers and productivity is reduced. Then what may…
Every business starts with an idea even if it is a highly competitive market. Following that thought is one that focuses on money. Many assume that if they don’t have a good amount of capital then it just isn’t feasible. If you are the type of person that really likes to have a…
We all know that tax is a very personal affair, and when it comes tax time we usually like to go off by ourselves and get on with the task at hand. We are focusing on what works best concerning our tax situation, but we might be forgetting that what is happening with our…
It doesn’t matter whether you have a new business, an established one, or are even thinking of starting one, you need a well thought out business plan in order for it to succeed. New business: You at least had to do some pre planning to get your business established. You had to go through…
If you have ever run into a tax problem when you ended up falling behind in paying the CRA money that you owed it, then you are well aware of the stress and hassle you went through to get the problem rectified. Chances are you ended up paying penalties or interest or both. …
As a year comes to a close many business owners begin to think about the Company and how it will fare in the upcoming year. The last few years in Canada have been tough on business with a not so great economy. Some smaller businesses got started and struggled under a sole proprietorship or…
