Organize Your Business for the New Year

By | December 30th, 2020|Accounting, Business|

Have you caught yourself saying, “Next year, I’ll be more organized”? I know I have!  According to Go Skills, the third most common new year’s resolution is: get organized. When you’re a business owner, it’s essential to organize your business so you don’t get behind in important tasks like invoicing customers and paying suppliers. One way to organize your business is to use systems. Systems are a set way of doing things. This can be a specific set of procedures, templates for documents you create over and over, or even tools like software and apps.  The main benefit of having systems [...]

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Share Your Experience with Your Business in 2020

By | December 16th, 2020|Business|

No one could have predicted what a crazy year 2020 turned out to be. A number of businesses rallied and pivoted to continue operating through these hectic times. Whether it was completely revamping your business or making the necessary changes to meet constantly changing health and safety regulations, we’d love to hear how you managed in business in 2020. To that end, we’ve created a form to make sharing your experience with us easy, and we would love your contribution. Based on what you have to say, we’ll be putting together future blog posts highlighting key things clients did in their [...]

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Employee vs Contractor: What’s the Difference

By | December 11th, 2020|Business, Taxes|

The question of whether someone who works for you is an employee or a contractor is an important one. It’s the difference between someone being your employee or being self-employed. If handled incorrectly, there can be penalties for you as a business owner, as well as the worker.  The Canada Revenue Agency (CRA) provides a very detailed guide on the question: employee vs contractor. We break down the key things you need to consider below. Employee vs Contractor You might be wondering what difference it makes. Employee vs contractor, so what? The main concern is a person’s eligibility for employee benefits [...]

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