The filing deadline is fast approaching, here are a few tips to cross that task off your to-do list now: 1. Note the deadlines. Get clear on the deadlines for your corporate, franchise tax, individual and any other tax returns that are required. Even though you might hire someone to complete and file your return, […]
How Accounting 360 Solutions Helps Companies Reduce Their Administrative Burden One of the major challenges that investment management and fund distribution companies noted in a recent study is the substantial impact that regulations is having on their operations. Particularly, the amount of time they must spend on managing their reporting and compliance obligations. At Accounting
From an accounting perspective, Working Capital is defined as the excess of a business’ short-term assets in relation to its short-term liabilities. The make or break factor for many businesses to function and thrive is the availability of this working capital. In other words, having money and assets that can be easily converted / be
Improve Your Working Capital Thru Account Receivable Management Read More »
Do you think about your organization’s financing & administration department – your back office? Are they just keeping records and making reports? Or are they an integral part of your company’s success? Are they leaders in creating new efficiencies? Key to adding value, cost savings or streamlining processes? Reviewing and updating back office is about
Is Your Back Office Helping Your Business Succeed? Read More »
As a business owner, you need to be 100% sure that your business is keeping accurate financial records. If not you are at significant risk of contravening Canada Revenue Agency (CRA) regulations. ‘If you are carrying on a business or engaged in a commercial activity in Canada, you are required by law to keep adequate
Keeping Records – It’s of Critical Importance to your Business Read More »
As an entrepreneur, there is a multitude of things vying for your attention. Maybe it’s a problem employee or an order that didn’t go through. Maybe it’s ensuring you’ve paid all your vendors or that your prices are competitive. And time is always short. With so many things to keep track of, you might not
Making Informed Decisions – The Importance of Analytics Read More »
Sometimes, business is so focused on creating products that customers want and marketing those products that they forget the lifeblood of their businesses – cashflow. You may be an entrepreneur with a dream, have unique ideas, and engaged customers but ultimately it’s about having cash in hand. And you need cash to grow and expand.
Tips for Improving Your Small Business’s Cashflow Read More »
Why should a small business outsource accounting? Many business owners are wearing a number of hats—including some that don’t fit all that well! While it makes sense that an entrepreneur would want to be involved in every aspect of their business, this is not an arrangement that typically works well for very long. While the desire to be
Reasons A Small Business Should Outsource Accounting Read More »
Employee turnover can be a big cost for any business. Research shows that thousands of dollars are at risk when they lose a valuable employee. It’s not just the cost of recruiting it’s also the lost productivity as the new employee gets up to speed and fill the shoes of the previous employee. Avoiding turnover
Big, multi-national corporations have Chief Financial Officers (CFOs) on their management teams. CFOs are playing major roles when it comes to risk management for their companies. This is not particularly surprising, given that many companies took such a huge hit during the last downturn because they had not been careful with their finances. Now, your
How An Advisor Helps Manage Risk In Your Business Read More »
