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If you’re self‑employed, you probably know that business expenses can reduce your tax bill, but knowing what you can deduct (and how) is where things can seem a bit confusing.
One of the most common issues I see when in my discussions with self employed business owners is not properly claiming expenses. There is a lot of conflicting in...
Doing your own accounting in accounting software such as QuickBooks Online (QBO) is relatively straightforward especially if you have
If you are a self-employed individual or a small business in Canada with annual sales between $30,000 and $400,000, you are likely looking for ways to simplify your tax obligations. The Quick Method of reporting GST/HST and QST can be a great option to do just that. It's essentially a simplified alternative to the regular met...
As a solopreneur or small business owner, you might not think a budget is necessary. And for some businesses, that may be true especially if you have a service based business with steady income and minimal expenses.
But for many small business owners, cash flow can be inconsistent from month to month. Your sales can be very high one month and much lower...
As the end of the year approaches, some of us find ourselves overwhelmed by top 10 lists, the hordes of shoppers and endless renditions of Christmas Music. Businesses tend to experience a slowdown, which makes it the perfect time for small business owners to take a closer look at their overall business, financial and tax situation. When you are not