While economic conditions play a big role in the continuance of a business, this continuance depends greatly on obtaining information accurately and timely in order to make informed decisions. In this context, read about how the presence of good records can help weather the storm.
Audits are tedious, sure, but you will be happy to hear they will not be the end of your business, and shouldn’t be the cause for sleepless nights. In this article, learn all you need to know regarding CRA audits.
If you have a small business, you may have considered hiring accounting and bookkeeping services. You may use the two terms interchangeably. Maybe you even wonder half-seriously if an accountant is just an expensive bookkeeper. So, what exactly is the difference between bookkeeping and accounting? Read the article to learn more.
For many of us, it’s a time to gather our receipts and papers, groan over how much we owe, and then file our taxes electronically or by paper. For entrepreneurs and startup founders in Ontario, there are a few extra reasons to be happy as well, and they are – tax credits. Let’s examine six of the most popular tax credits for Ontario businesses.
Although the financial controller and CFO (Chief Financial Officer) share a lot in common regarding responsibilities, there are some critical differences between the two roles. Enterprises and midsized businesses often see the two working in tandem. Meanwhile, small companies typically have just one of the positions filled. Here is a closer look at the duties of each and how they differ.
Fortifying your business to survive a recession is essential at any phase in your business’ lifecycle. Starting your business’ life with the extra challenge of a recession can be a way to set your business up for success for years to come. Read more to learn how to recession proof a startup