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
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, 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
While we all might think we have a pretty good grasp on how to maintain our personal and business finances, the fact is that bookkeeping is a complex and detail-oriented task that is best left to the professionals. Here are the top five reasons why you shouldn’t do your own bookkeeping. 1. You might make
People working in the trades are in very high demand and often busy working long hours to keep up. For some tradespeople, this means that they do not have the time or even energy to sit down after a long day to balance their books, organise the payroll, deal with tax obligations and make their
The kids have been off to college for a month or so now and the house has a peaceful quiet to it … but soon financial worry may begin to set in. Where is their money being spent? Have you given them the financial tools they will need to successfully navigate through their college years?
Sunny days and soaring temperatures are a sure indication that Summer is definitely here! More some, Summer means lazy days at the cottage and family road trips. For business owners, Summer means that the calendar year is already more than half over and most businesses are already entering their third quarter. For bookkeepers, it means
Starting up a small business can be a daunting task in and of itself. Once you finally have the ball rolling, you’re all set up and ready to go, the biggest hurdle remains. How do you grow your business? Networking is a powerful tool, and it’s something you have control over. Continuously networking, no
As a small business owner, chances are you’ve already considered whether or not to incorporate your growing business. With a great number of advantages to doing so, this may seem the smartest decision for your business. As with anything, there could be some disadvantages, too. So how do you know if it’s time to incorporate
It’s already mid-December and for many small business owners, these last few weeks of the year often end up being a last minute scramble to find lost receipts, track and make any year-end contributions, and tally up business expenses — among many other things. Getting organized in your home or office is all about developing