You’ve decided to start a business? Congrats🍾! It’s important to remember that while you’re an expert in your swimlane you’ll also need to pick up some accounting skills. One of the best ways to level up that skillset while also creating an invaluable tool for your business is by building your company’s first budget. Why […] More
If you start to get sick, you can usually nurse yourself back to health with soup and Netflix. When your business is sick it won’t recover on its own. You’ll have to make some major changes. Here are a few simple ways you can make sure your small business in good financial health from the […] More
Getting audited by the Canada Revenue Agency (CRA) is something every entrepreneur dreads 😓. It’s a time-consuming, stressful and costly process. While you can’t completely protect yourself from getting audited, these are some steps your business can take to avoid showing up on the CRA’s radar. Account for All of Your Income Make sure you report […] More
Your financial records will serve a number of purposes. You will surely need them for your dealing with the Canada Revenue Agency (which we’ll address in this article), and they also serve as an invaluable tool for precise bookkeeping and as proof of value during a potential acquisition. With accurate records, you can also tap […] More
