Just as diversifying your income is important, a small business should not be dependent on one source of financing.
Bookkeeping is often seen as tedious and boring. Most entrepreneurs do not enjoy bookkeeping but know it is an essential part of their business. Adopting some good bookkeeping habits can help your business in the long run.
Many medical services, therapies and devices can qualify for the medical tax credit and are permitted medical expenses under the Canada Revenue Agency. Here are ten that could surprise you.
Tax time can be a nightmare for some small business owners. Expenses you didn’t realise existed cropping up or not understanding whether an expense is a business expense or not.
A trademark is usually defined as a recognizable sign, design, or expression which identifies products or services of a particular source from those of others, although trademarks used to identify services are usually called service marks.
Cash flow is the incoming and outgoing cash from any business and is representative of the operating activities of the company. Every entrepreneur and small business owner instinctively knows that cash flow management is very important to keeping their business successful. Many startups fail because they don’t have a healthy cash flow.
Fintech, a portmanteau of financial technology, describes an emerging financial services sector and companies that use technology to make financial services more efficient.
Small business owners often face uncertainty when it comes to their tax strategy. What is the best way to deal with taxation such that the taxes don’t eat into your income and how should they plan their tax strategy.
It’s Tax Season in Canada Again, Here’s Simple 5 Tips to Remember This Year.
Canadian small businesses are probably already feeling the tax deadline pressure. A lack of preparation during the business year could lead to last minute tension and extra tax fees.