Feb 11, 2022 | Bookkeeping, Financial Reports, Small Business
A balance sheet summarizes a company’s assets, liabilities and equity at a specific point in time. Think of it as a snapshot of what your business is worth on a specific date. A balance sheet is organized into 3 main sections: Assets (what your business...
Feb 4, 2022 | Bookkeeping, Personal Finance, Small Business
As a business owner, it’s important to keep your personal and business banking transactions separate. There are numerous reasons why business owners should open a business bank account: Accounting & Bookkeeping Your monthly bookkeeping will be easier to...
Jan 4, 2022 | Personal Finance, Small Business
Updated January 18, 2022 The COVID-19 pandemic continues to blanket the world as we start 2022. Here are the latest government financial support programs available for Ontario businesses and Canadian individuals and businesses. For Businesses Ontario business...
Nov 12, 2021 | Small Business
It’s difficult to find good people and when you do, you want to do your best to stay competitive so that they will stay working with you. One strategy for a small business to consider is a Health Spending Account (HSA). HSAs are a great way for a business to provide...
Oct 15, 2021 | Small Business
When starting a business, the business structure should be carefully considered as it will have consequences to the way your business is runned. In Canada, there are essentially 3 common business structures: Sole proprietorshipPartnershipsCorporations Sole...
Sep 17, 2021 | Small Business
As a small business, what 2020 has taught us is the importance of having an online presence. Pre-pandemic, businesses with brick and mortar stores may not have necessarily needed an online store as their business was built around in person shopping. But with lockdowns...
