The Monthly Financial Checklist Every Small Business Owner Should Follow You don't need to spend hours staring at spreadsheets every month to understand your business. But you do need a…

What to Do When Your Business Falls Behind on Bookkeeping Your bookkeeping is three months behind. Or six months. Maybe it's a full year. You know you need to fix…

Year-End Tax Planning: What Business Owners Should Do Before December 31 For many business owners, tax planning begins when the tax return arrives. That's often too late. By the time…

How Much Should You Actually Pay Yourself as a Small Business Owner? One of the strange things about becoming a business owner is that suddenly nobody tells you what your…

Payroll for Small Businesses: The Accounting Mistakes That Can Get Expensive Hiring your first employee is an exciting milestone. It usually means your business is growing. But it also means…

Cash Flow vs. Profit: Why a Profitable Business Can Still Run Out of Money One of the most confusing situations for a business owner is this: “My business is profitable.…

How to Read Your Financial Statements Like a Business Owner Your accountant sends you your financial statements. You open the report. You see a lot of numbers. Then you close…

Business Expenses: What Can You Actually Deduct From Your Taxes? One of the most common questions business owners ask accountants is simple: “Can I deduct this?” The answer is often:…

HST for Small Businesses: What Toronto Business Owners Need to Know HST is one of those topics that can make even experienced business owners uncomfortable. You collect it from customers.…

The Most Common Bookkeeping Mistakes Small Business Owners Make Most small-business bookkeeping mistakes don't happen because business owners are careless. They happen because business owners are busy. You're focused on…