These tips will help you stay compliant with changing GST/HST rules
Ensuring you are complying with all your tax reporting requirements can be challenging at the best of times, but it can seem even more difficult when the rules — and your business — are constantly...
View ArticleEight ways to radically increase your productivity
Beginnings are the most exciting and energizing times in life. If things have been in a slump for you, make some changes. Lasting success comes from making pointed shifts in your behavior on a daily...
View ArticleHow to Select the Perfect Bookkeeper for Your Business
Finding the right bookkeeper can make all the difference for your small business. A great bookkeeper can have a positive impact on how you feel about the financial aspects of your business. They can...
View ArticlePayPal, QuickBooks Partnership Goes Mobile
A partnership between a payment processor and an accounting service seems like a home run for business owners. PayPal and QuickBooks have done just that, and gone a step further by creating a mobile...
View ArticleDo you have to pay taxes on the sale of a cottage?
Victoria Day weekend marked the beginning of cottage season for many Canadians. One of the most common tax questions asked this time of year by vacation property owners is what happens if I were to...
View ArticleHow to collect up to $1,500 in monthly rental income without becoming a landlord
Nowadays, it’s hard to find safe stocks that yield much more than 2%. However, thanks to an obscure tax loophole, I’ve found a real estate company that pays out up to three times more retirement...
View Article10 Online Invoicing Services for Small-Business Owners
As a freelancer or small business owner, you’re well aware of the importance of invoicing: If you don’t invoice clients, then how are you going to get paid? Thankfully, plenty of invoicing options...
View ArticlePreparing Now May Avoid a Tax Bill Next April
Most Canadians were expecting a refund this year but more than three million taxpayers owed money. A tax bill should not be a surprise. Once April 30 passes, most people forget about their taxes for...
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QuickBooks update: May 29 2015
Here’s what’s new in QuickBooks for May. Keep the feedback coming! Collapse the customer split view. You can hide the middle column to make more room on your QuickBooks screen. Customers > click a...
View ArticleHow successful people work less and get more done
As co-founder of Hotwire.com and CEO of Zillow for the last seven years, 39-year-old Spencer Rascoff fits most people’s definition of success. As a father of three young children, Spencer is a busy...
View ArticleDon't Make These 2 Mistakes With Your Cash On Hand
It is hard to stay on top of your personal investments when you are a business owner. Growing your business or your new venture is your number-one priority. Sitting down and making investment...
View ArticleBMO, FreshBooks Bring Cloud-Based Accounting Software to Small Businesses
BMO Bank of Montreal and FreshBooks today announced a partnership designed to make the management of everyday business simple and fast for BMO’s small business customers. The collaboration will...
View ArticleHow to Calculate the Ideal Profit Margin for Your Small Business
Small businesses are always looking for ways to increase revenue. Whether by increasing sales, eliminating redundancies or decreasing internal expenses, organizations are on the lookout for the next...
View Article6 Ways to Measure Cash Flow: What Works for Your Business?
An old adage says: “revenue is vanity, cash flow is sanity, but cash is king.” In other words, just because a business appears profitable on paper doesn’t mean it isn’t on the verge of bankruptcy as...
View ArticleIs it Financially Better to Buy or Lease Your Office Space?
Whether you lease or purchase your office space, it represents a major financial investment, and there are pros and cons to each. If you haven’t yet decided which move is right for you, here are some...
View ArticleThree Costly Payroll Mistakes and How to Avoid Them
TORONTO, June 8, 2015 /CNW/ - Payroll accuracy and compliance is the goal of every payroll practitioner, but accuracy can be difficult to achieve without assistance. To help payroll practitioners,...
View ArticleCanada’s complicated tax rules fail to recognize that a ‘buck is a buck’
Having just gone through tax filing season, Canadians can breathe a sigh of relief, at least temporarily, as they wait for the Canada Revenue Agency to determine whether it accepts their returns as...
View ArticleCreate an Income Statement in 4 Easy Steps
The Income Statement—also called the Profit and Loss Statement—is used to weigh a company’s revenue against its expenses in order to calculate its profits. Comparing Income Statements over a period...
View ArticleThe No.1 eternal truth of personal finance: Live below your means
I’ve been a personal finance columnist or editor for the better part of two decades now, much of that time at the Financial Post newspaper and more recently at MoneySense magazine. I’m also an avid...
View ArticleThe Worst-Kept Secret About QuickBooks Online
Once upon a time, not very long ago, it was a different experience buying software. Take QuickBooks, the popular small business accounting system, for example. Back in the day, you would go to the...
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