How my divorce transformed my business
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Owning your own business is a dream that many people have. It can be incredibly rewarding to build something from the ground up and see it grow and succeed. However, owning a business is not for the faint of heart. It takes a lot of hard work, dedication, and a certain set of skills to…
Bookkeeping is an essential aspect of running a successful business. It involves recording financial transactions, keeping track of expenses, and ensuring that taxes are filed accurately and on time. As a business owner, you have the option of doing your own bookkeeping or hiring someone to do it for you. In this blog post, we…
As a small business owner in Canada, it is important to understand the tax laws and regulations that apply to your business. This includes knowing what expenses are deductible, how to keep accurate records, and when to file your taxes. In this blog post, we will outline some key things that you need to know…
In today’s digital age, small businesses face tough competition to stay ahead in the market. The rapid advancement of technology has made it necessary for businesses to keep up with the trends to remain relevant. One of the latest innovations that can help small businesses is the use of ChatGPT. ChatGPT is an artificial intelligence…
As a small business owner, it’s important to stay organized and on top of your financial responsibilities, especially as the year comes to a close. Here are some year-end activities you should consider to prepare for your company: Review your financial statements: Take some time to review your financial statements, including your balance sheet and…
Well, it’s that time of year again – the end of the year! I hope this year was fruitful for you and your business, despite the many obstacle you may of been faced with during these crazy Covid-times we live in. If you are reading this post, you are likely a business-owner, and wanting to…
The world has changed since COVID-19; maybe for good. People have changed the way they do things. Some people prefer to engage in contactless, over-the-web, services not just because of health concerns; some live in remote areas and may not be able to visit a service provider or business closeby. When it comes to accounting…
The Canada Emergency Business Account (CEBA) was launched earlier in 2020 to help businesses get through COVID-19 tough times. Originally the program allowed business owners borrow $40,000.00 interest free if paid back by Dec 31, 2022. If you did, the government forgave you $10,000.00 of the loan! As of today, the CEBA program has been…
If you are like me, you’re probably pretty tired of listening to the media every day reporting depressing news about COVID-19. In all of the negative, there are a few positives to report. This is one of them… The Government of Canada announced a $40,000.00 loan to small business back in the Spring of 2020…