Starting a small business can be daunting, especially when it comes to finances. Many small businesses fail during their first year of operation due to poor financial planning. However, with diligent planning and smart budgeting strategies, your small business can thrive. In this blog post, we will provide you with tips on maximizing your small
As a small business owner, every financial responsibility from managing expenses to tracking revenue streams is yours. However, having a solid financial strategy can help you not only stay afloat but thrive in today’s competitive marketplace. In this blog post, we’ll share the top five financial habits that successful small business owners do to keep
The summer season is a busy one for business owners throughout Simcoe County, but amidst the chaos of office work and business plans it’s important to take time and organize your bookkeeping. Proper bookkeeping is an essential component of running a successful business, and not having a solid grasp on your financial records can lead
As a business owner, it’s essential to keep your employees happy. One of the best ways to do that is by ensuring that they get paid accurately and on time. Manually calculating your team’s payroll can consume a lot of time and resources, especially as your business grows. Luckily, as part of the services
Saving money can be challenging, especially if you’re not naturally good at keeping track of your expenses. However, it’s not a skill that you can’t learn or improve on! The good news is that with discipline and determination, anyone can become a budgeting all-star. So, what are the secrets? How do you manage to keep
The Tax-Free Savings Account (TFSA) is a government initiative that was introduced in 2009 to help Canadians save efficiently. It’s been a popular tool for people to invest and save money without paying any taxes on their earnings, and learning more about it can help provide you with those same benefits. Eligibility Criteria
As a business owner, you wear many hats. You’re the salesperson, the marketer, the customer service representative, and so much more! During the spring months, it can be tough to juggle everything on your plate while still trying to enjoy some well deserved time off. The best way to ease the stress of being
Graduating high school is a big milestone, and the next step for most is post-secondary education. For many students in Ontario, the cost of post-secondary education – including tuition, residence fees, textbooks, and more – can be daunting. With a little planning and preparation ahead of time, you will be able to put yourself in
The landscape of properly filed taxes is ever-changing, and with new legislation and laws being introduced each year, keeping up with Canada’s various tax rules can seem overwhelming when you try and file on your own. For the 2023 tax filing season, several key changes could significantly impact how much you pay in taxes and
Whether you’re a sole proprietor of a business or a freelancer, there’s no denying that taxes need to be properly calculated. Knowing the difference between being a sole proprietor and working as a freelancer can help you make informed decisions about filing your taxes. Difference Between Sole Proprietorship and Freelancing When it comes to self-employment,