Years back it used to be that many businesses were family owned and operated, but not so today. Many of these have been replaced today by the big box stores. However, there are still some of the family businesses around, and the big corporations should not deter a family from going into business…
So many companies strictly operate on line and haven’t even considered a brick and mortar establishment. They have long since become convinced that there are so many benefits and perks to the online business that there is no justification in taking on the expenses that would be generated with an on land business. Actually…
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…
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…
Many family owned/operated businesses are started with the hopes that one day it will be handed down to the future generation. When it comes time to retire you may be looking at handing the business reins over to the kids but you still want to get your investment out of it by way of…
Naturally the purpose of almost every business owner is to grow their Company to the point where it can generate a personal income for them for their financial needs and stability. When the Company gets to that point the business owner has to determine if they are going to withdraw their money requirements by way…
Perhaps you are one of the many individuals who is sick of working for someone else. You figure you have a lot of talent and skills, and the money you are putting in your bosses pocket would be better off in yours. This is a very common thought but before taking the plunge of quitting…
So you decided to open a small business and incorporated it. You figured it was to your best tax advantage, and had every intention of being able to use the small business tax credit. Then you discovered that the in the eyes of the CRA your business is considered to be a personal services…
