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We hope you had a lovely break over the festive season and are starting a new year full of ideas and inspiration to make 2016 amazing. If you are a Calgary small business owner with employees, it's time to think about T4's. Your team may be anxious to file their personal tax...
What a fun time of the year… buying gifts for our loved ones, decorating our homes with bright festive colors, the smell of baking and taste of holiday cheer, socializing with friends and family. Fun! Fun! Fun! But then you remember the looming project of getting ready for...
The key to being organized with your business money is to start with a bank account and credit card that you use only for business transactions. This way, you are getting organized in the moment you are buying something. It is in this moment that you decide if the purchase is...
In this final article of our 4 part series, we are sharing some “black holes” that could be lurking if you do not understand your financial reports. Here are 5 financial reporting black holes: Business expenses are lower than actual costs, because business purchases have been...
Traditionally, small business owners think about these choices when it comes to preparing financial statements: Ignore it and pretend it will go away. Find software and do it themselves. Have family member or friend do it for free. Bring your Accountant a shoe box at the end of...
In part three (of our four part series), we are discussing how payroll “black holes” may be costing you money and impacting financial reports for your small business. There are 3 significant payroll black holes to watch for: The amount showing on your reports at the end of the...