Ask a Bookkeeper: Why You Would Incorporate Part 1
The most important factor to consider is whether incorporating your business will provide you with the most tax and legal benefits for your situation.
Generally, incorporating a business can provide certain legal protections and tax advantages such as limited personal liability, greater access to capital, etc.
Little Ways I Bring Joy to My Work Day
We all need some joy in our lives, especially while we’re working!
I love being a business owner, and I love helping my clients, but some days you need a pick-me-up because things are too stressful.
This is why I’m sharing a few ways I add joy throughout my work days to show you how simple, impactful actions can give you the energy or the mood boost you need to get through your day!
How to Keep it Cool this Summer with Your Bookkeeping
As the sun shines brighter and the days get longer, Canadian business owners might find themselves drawn to outdoor activities and vacations. However, amidst the summer fun, it's crucial to keep your business's financial health in check.
Effective bookkeeping ensures that your business stays on track even during the summer months.
Here are some summer time bookkeeping tips tailored for Canadian entrepreneurs:
Coping and Persevering Through Failure as a Business Owner
As much as we share our successes and our milestones, one of the things I don’t see too much about is our failures.
Failure is a big word, it feels scary because it is scary that we live in a culture of shame, to be told to only let people see us “win” when the most human thing we can do is fail.
Great Tools for DIY Marketing
Now, we love marketing agencies because they give business owners like myself and yourself the opportunity to work with experts and outsource the work associated with marketing for your business. However, not everyone can afford an agency, or afford an in-house marketing specialist, so we make do and do it ourselves (DIY it).
How to Define Business Priorities
These are the key thing you should be doing to define your business priorities.
What is a Business Strategy?
Think of your business as a sleek ship, cutting through the waves of the market. Now, a ship without a map is like a rudderless boat, just drifting wherever the current takes it. That's where a business strategy comes in – it's your treasure map, your secret weapon to steer your ship toward success.
How to Retain Employees
Advice and tips to ensure you are creating a positive work environment for your employees.
Emails Can Be a Drain on Resources - Here Are Some Tips
Emails can drain your resources, in more ways than one. Here are some tips for managing your inbox and habits to incorporate into your routine.
21 Deductions For Canadian Business Owners
One of the best benefits of being a self-employed Canadian, or Business Owner, is the tax-saving benefits! Read here for a detailed list of 21 eligible business deduction categories in Canada along with some tips on how to automate and simplify your life when it comes to your bookkeeping!
Business Owner Burnout and How to Avoid it!
Business Owner Burnout: how to recognize the signs, and what you can do about it. Here we share three practical strategies that will help you tackle the burnout that can happen to any business owner.
How To Account For Employee Gifts/Bonuses
Some business owners show their employees their appreciation through gifts and bonuses, but how do you account for them? What’s taxed and what’s not?
This blog is here to answer all those questions and more.
So, how do you account for employee gifts/bonuses?
Signal’s Ultimate Entrepreneur Gift Giving Guide
As an entrepreneur, I’m always looking for ways to make my life easier/better. Automation, learning, time, etc. Any of these kinds of gifts bring value to my life immensely. I’m not one for ‘things’ but rather intangible goodies. However, you might spot a few things on my list and it’s only because it either makes my life easier or has a clear function (bonus if it does more than one thing!).
Working From Home: Deductibles for Business Owners
If you run a business, one of the first things you might think about when tax season rolls around is your deductibles. If you run a business from home, there’s, even more, you can deduct from your taxes, but how do you figure out what’s a deductible and what’s not?
We’re here to help! So what can Canadian business owners deduct from their taxes when they run their business from home?
Tips For Collecting GST/HST
A question I get almost weekly is how to collect GST/HST and if a business should be collecting PST. To answer that properly, you’ll have to take a few things into consideration. This blog is here to help with that.
The A-B-C And 1-2-3 Of Accounting
What are accounts, bank recs, and closing the books? Are there three things I should do right now to make my life easier? ABC, 123. This is a good place to start.