Get Your Ducks In A Row

Get Your Ducks In A Row

The calendar year end is important to many businesses. It’s usually a great sales season and it’s a time when businesses need to start getting organized for tax season. Tax season is a time when you look at the company’s income, expenses and deductions. The largest...
Year End Tax Planning

Year End Tax Planning

Nobody likes to think about taxes in December. But this year take an hour or so to do some year-end tax planning. Source: Year-end tax planning could save hundreds of dollars | Toronto Star By: Gordon Pape Building Wealth, Published on Fri Dec 04 2015 Nobody likes to...
Petty Cash

Petty Cash

What is Petty Cash: Petty Cash is a small amount of money on hand that is used to pay for small items such as postage stamps, reimbursing an employee for office supplies purchased, transportation expenses like parking or tolls and beverages and sweets for business...
ORPP: Ontario Registered Pension Plan

ORPP: Ontario Registered Pension Plan

copied from: https://www.ontario.ca/page/orpp-ontario-retirement-pension-plan ORPP: Ontario Retirement Pension Plan A pension plan designed to help Ontario workers retire with greater financial security. For employees For employers Why now? Studies show that people...
New HST Rates for NB and NFL

New HST Rates for NB and NFL

New HST rates in effect July 1, 2016 for Newfoundland & Labrador and New Brunswick. If you sell outside of your province, always stay up to date with what you are required to charge your customers. Table below courtesy of the CRA:...
Points to Ponder

Points to Ponder

Thoughts and Comments from our team! Creating a business (or growing one) takes passion, but don’t forget about perspective. Plan out your costs and project your path at the beginning so things don’t take you too much by surprise down the road. It’s...
9 Ways To Delegate More Effectively

9 Ways To Delegate More Effectively

9 steps for delegating work more effectively. A major pitfall for many growing businesses is the owner’s inability to let go and delegate responsibility to employees. In effect, the limitations of the entrepreneur become the limitations of the business.There’s no...

Tax Matters

TAX MATTERS Six tips employees should consider before year-end to save on taxes Some employees have it rough. At Shinmei Electric Co. in Shanghai, employees used to be fined the equivalent of about $8 if they reported for work late – the first time – and were fired if...
Can You Loan Me a Dollar?

Can You Loan Me a Dollar?

CAN YOU LOAN ME A DOLLAR? This is all too often how we deal with debt. 48% of Canadians would be in financial difficulty if their paycheque was delayed by one week according to The Canadian Payroll Association. As Christmas is just around the corner, try to be...
Are you Having a Christmas Tree Dilemma?

Are you Having a Christmas Tree Dilemma?

Dad cutting Christmas tree via Save The Environment, Chop Down A Real Christmas Tree | Michael Rosen. At this point, the annual debate over buying a real or fake tree is older than the Charlie Brown Christmas special. People who like real trees talk of tradition, the...