Time is money. The more time you spend on something you don’t like doing, the more money it costs you. You could be making more sales, building a better product, or leading your company to greatness. Instead, you’re wasting time and therefore wasting money. At least...
The idiom Cash is King has always stood the test of time. You can be a profitable business (by showing positive net income) and still be cash poor. We get asked a lot by our customers why that is the case. Let’s define what cash flow is in the first place. Very...
Overview As a small business owner, you will eventually need to get your books in order. Ideally, you’re thinking about this from Day 1. However, chances are that you may not have built a budget around professional services such as bookkeeping. A quick Google search...
You have the entrepreneurial itch and you want to launch your product or service. You’re excited and can’t wait to show your family and friends – and to sell to your first client. First thing is first though: you should incorporate. There are many advantages to...
Tax season is arriving late this year in Canada due to COVID-19, but it has arrived. And with tax season come some common questions. If you have self-employed income to report—perhaps from work as a sole proprietor, contractor, consultant, small business owner or...
