Profits – the bottom line for the year is one of the key numbers that bankers and investors look at. If you watch Dragons Den, it is a question frequently asked of the candidates. Yet surprisingly few of the candidates … Continue reading →

Every employee knows that taxable benefits must be included in income. But what exactly are taxable benefits? These are payments that you receive as a result of your employment. But determining whether a payment to an employee is a taxable … Continue reading →

There has been a lot of talk about the new normal which has resulted in a new way of doing buisness for many small business owners. What are you doing differently in your business today compared to 2009?

The short answer is “It’s impossible to know for sure!” because there is no definitive law or document that answers the question. A slightly longer answer is “If you’re talking about the Canada Pension Plan and Employment Insurance, it’s easy!” … Continue reading →

Guess when this was written? • The 1st time a man looks at an advertisement, he does not see it. • The 2nd time, he does not notice it. • The 3rd time, he is conscious of its existence. • … Continue reading →

With a significant client base of construction companies undertaking commercial and residential projects, we come across the following most common errors that hurt the profits of the business as well as the egos and reputations of these companies with their … Continue reading →

1. To monitor and predict your cash flow needs 2. So that you can make small changes in business activities throughout the year that will have a big impact on your bottom line 3. To track your monthly revenue to … Continue reading →

Over the past few months there have been several devastating fires in businesses in Muskoka. Sadly, some of the business owners were not properly insured and it has wrecked havoc with their ability to continue in business and has impacted … Continue reading →

Businesses in Barrie, Ontario and Muskoka, Ontario have seen their fair share of fraud over the years. If you are a small business owner and you not regularly paying attention to your finances and “leave all that” to your bookkeeper, … Continue reading →

Looking for ways to boost your cash flow? Here’s #6 on our Checklist: 10 Ways to Improve Your Cash Flow The most powerful number in your business. If you know only one number in your business it ought to be … Continue reading →