Disclaimer: Different strokes for different folks, as they say.
The opinions expressed herein are just my own. These are based on my experience running a bookkeeping firm with hundreds of clients over the course of ten years. No two accounting professionals are alike; we all work with different methods and systems, and it is not my intention to discredit or throw shade on anyone else or any technology they prefer to use.
This is merely a starting point for entrepreneurs to gain...
As a direct seller, it can be confusing about what is actually an expense.
Your home, your car....even your receipt at the craft store yesterday. They are all mixed together with personal purchases and business purchases.
Sometimes...it's just confusing.
We all know that any money we make has to be declared to the Canada Revenue Agency at the end of the year.
But did you know that your confusion on expenses today will cost you on taxes tomorrow?
There are some really...
In the course of our hectic lives, we rarely have time to register this one question as we interact with countless people performing a job or service for us: how qualified are they?
We assume the cook at the restaurant washed his hands properly, the taxi driver knows where he’s going, that our to-go order is perfect as we grab the bag.
We need to put some things at the back of our minds, even when those little concerns cross our minds, because if we thought about them nonstop,...
It’s a lesson that every business owner has to learn.
For some, it comes after the first year in business when the realize they weren’t prepared, or after a few years of struggling to stay afloat.
For others, it’s something they take time to learn early on, and these entrepreneurs have a much higher shot at success.
It’s a little like when your kids go out to play in the yard.
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