A potential client asked me recently whether business owners should collect a salary. The answer I gave was “it depends”. With that being said I do believe we should be compensating ourselves for the growth in our business instead of working for free. You may already be familiar with Denise Duffield-Thomas of luckybitch.com. I’ve been
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Do you need a bookkeeper? Signs it’s time, and when doing it yourself is fine “I’ve never had a system. It would be so nice, come tax time, to not spend an entire week trying to find things.” If that sounds like you, you’re not alone. But hiring a bookkeeper isn’t the right move for
Do You Need a Bookkeeper? Signs It’s Time (and When DIY Is Fine) Read More »
Write it off Online business expenses you can claim in Canada If you’ve ever thought “I’m probably leaving money on the table because I don’t really know what I can claim,” you’re not alone. It’s the thing we hear most from Canadian business owners, right after “taxes scare me.” Here’s the short answer. You can
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Bookkeeper Vs. Accountant ~ Who Should I Choose? The answer? It depends on you and your business! Let’s break down some of the differences between the two. Bookkeeper A bookkeeper is there for your day to day financial tasks. They will get your systems set up, teach you, train you, and help you be organized
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Starting a business in Canada? Here’s what to sort out first Before you take a single dollar, five things need to be in place: A name you can legally use A decision on sole proprietor or corporation Your registration A separate business bank account A simple way to track the money from day one None of
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Nice try Funny tax deductions people ask about (and what you can actually claim) Every bookkeeper has a list. Not of clients — of questions. The ones that start with “okay, hear me out…” and end with a very hopeful look. We love these questions, honestly. Asking is always better than guessing. So here are
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Choosing accounting software How to pick the right one for your Canadian business “My business is booming, but I have no idea where my money is going. What should I do first?” Start with a system. And for most growing businesses, that means proper accounting software. Here’s the short answer. For most Canadian small businesses,
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