Shareholder Benefits: What You Can’t Expense (Image Credit: Bigstock) Like eating a combo of chicken and waffles, shareholder benefits are pretty awesome, but they are also a little confusing. The main thing to remember is that transactions that contain a personal component aren’t fully deductible for business purposes. If you don’t remove the personal component, the CRA may disallow the claim, and it can appear in your personal income as… Read more
4 Signs Cloud Accountants Can Make You Happier Whether we realize it or not, pain and pleasure drive most of our decisions in life. For example, if you’re an entrepreneur, why did you start your own business? It’s likely you wanted to avoid the pain of an overbearing manager telling you what to do and wanted the pleasure of doing what you wanted, when you wanted. But now that you… Read more
5 Super Common Small Business Accounting Mistakes Like all new things in life, such as starting a new small business, hiring new staff, or raising a new office puppy, there are some things you can expect, and there are some things you end up learning by trial and error. For example, you expect your new office puppy to chew on your shoes, but you feel confused when you watch him… Read more
5 Supplies To Impress Clients At Meetings Think of the last time you saw a James Bond movie. Have you ever noticed he’s really fabulous in meetings? He is always sharply dressed, extremely captivating and has nifty tools literally up his sleeve. He is always prepared for anything. Whether you are trying to save the world, meet with employees or want the business of a potential client, it’s important to… Read more
How To Choose The Right Accountant For Your Small Business Accountants, like super heroes, are all made different. They offer different services, they solve different problems and some wear great outfits. But how do you know who to pick for a job? It comes down to figuring out what you need help with so that you can find the best services to match your needs. Here’s a quick guide to… Read more
Top 8 Accounting Websites of 2015 So you want to check out the top 8 accounting of websites of 2015 ay? Well, you’ve come to the right place. (If you are wondering why I am listing 8 websites, the answer is: 9 websites is obviously too many, and 7, well, 7 is just not enough.) Find all your accounting news, business information, and tax education here in our top 8… Read more
3 Reasons You Should Hire An Accountant For Your Small Business If you are a small business owner, it’s likely you are balancing a lot of jobs. For example, think about your last workday. How did you spend your time? Did you spend the majority of your workday making money, or did you spend a large portion of your day on admin, accounting, or marketing tasks that stopped you from… Read more
5 Tools to Save an Hour a Day When Working From Home When I started working from home my typical business day would go like this… Start work. Look at email. Groupon sends me fantastic deals that I can’t resist. Spend 10 minutes trying to decide whether to purchase a how to become a pet psychic in 10 days e-course (animals not included). Get back to work. Notice a… Read more
4 Ways to Find Client Leads on Social Media Social media and Christmas are basically the same. They both vary drastically depending on who you engage with. It’s up to you whether you decide to engage in conversations with the crazy aunt Selmas of the world who waste your time and energy, or whether you engage with the Neds of the world, that add value to your conversations. (Did you… Read more
Why Cloud Accounting and Dog Grooming Will Change Your Life I had a life changing moment a year ago. I realized there are easy or difficult ways to do things. Sounds simple doesn’t it? But really think about it. Are there tasks you have to do everyday that you find difficult or frustrating? Here are two golden nuggets of wisdom I have for you: You can either: Outsource these… Read more
New Canadian Tax Provisions and Pumpkin Spice Lattés Photo by: kkmarais Trying to balance your expenses between your kids, pet and pumpkin spice lattés (they really are delish) can be difficult. However, the government wants to help. On October 30, 2014, the federal government introduced 3 new tax measures to help you live a more affordable life in Canada. The new measures include a new family tax cut, an increase to… Read more
5 Smartphone Apps for Efficient Entrepreneurs Photo by: Sebastien Wiertz Smartphones are powerful little tools that can help you escape from reality or create your reality. If you are like the average person, you may check your smartphone 150 times a day. However, if you spend the majority of your work day focusing on business productivity, you are more likely to be a more efficient, rock-star entrepreneur or small business owner. Here are… Read more
WHY SMALL BUSINESSES SHOULD BE HIGHLY CONCERNED WITH FRAUD Photo by: David Goehring Criminals are smart. They have hit the jackpot when it comes to targeting the perfect victims to steal from – small business owners. So why would Joe criminal want to run away with money from a small business such as an innocent mom and pap ice-cream store? The key is small business owners (especially new ones) are… Read more
WHAT DOES CANADA’S NEW ANTI-SPAM LAW MEAN FOR YOUR BUSINESS Photo by: Susan Sermoneta Canada’s new anti-spam laws (CASL) are quite dramatic. For example, if you have an enthusiastic intern and they send a well-meaning message to a large client list that goes against the CASL, your company could be charged $10 million. The irony of the CASL is that no one really understands how it works as many of… Read more