Last updated: Oct. 10, 2018
Technology is an essential part of business management. Technology allows you to automate common, recurring steps in financial management such as recording sales. Using digital communication allows you to speak directly with different parts of your business, to track spending better. And some technologies predict the trends of business, such as how … Read more
Last updated: Oct. 3, 2018
If you are an owner operator truck driver in Canada, there are a large number of tax deductions that you can take advantage of (and should). Maximizing your tax deductions minimizes your tax burden, which results in you keeping more of your hard-earned money. Below are some tax tips long-haul Canadian … Read more
Last updated: Sep. 19, 2018
Long-haul truck driving in Canada can be grueling, with drivers working 13 hours per day, and even longer if they work north of the 60th parallel. While the average salary ranges from $55,000 to $65,000 per year, long-haul drivers are often paid bonuses, enabling them to earn significantly more. Unfortunately, this … Read more
Last updated: Sep. 12, 2018
Whether you’re a seasoned farmer who has outgrown your current operations or you’re thinking of starting a new farm business, it’s important to have a business plan. Not only a farm business plan help you focus on your goals, it provides the answers you need to make the farming operation run … Read more
Last updated: Sep. 5, 2018
There is more to a logistics business and trucking business than handling, moving, and storing cargo and goods. A logistics company is also responsible for customs clearance, GST/HST issues, and tax compliance. Unfortunately, Canada’s tax landscape can be confusing and if you don’t have a comprehensive understanding of Canada’s ever-changing tax … Read more
Last updated: Aug. 30, 2018
How to Find the Perfect Accounting Professional If you’re looking to hire an accounting professional for your small business, you need to find someone whose skills go beyond simple bean counting and maximizing your tax refund this year. Bean counting (controlling expenses and budgeting) and receiving a large tax refund are … Read more
Last updated: Aug. 29, 2018
Budget Calculator The majority of small businesses and startups (up to 80% by some counts) fail in their first 5 years. This is in part due to a lack of a realistic budget. Why this happens varies from business to business—sometimes it’s simple neglect or other times owners are overly optimistic … Read more
Last updated: Aug. 22, 2018
As you get closer to opening your own small business, there is one important question you need to answer: should you lease or buy your commercial space? As with most things, it’s not an easy question. There are pros and cons to each option and making a final decision requires a … Read more
Last updated: Aug. 8, 2018
Succession planning is all about finding the right strategy for selling your business or passing it onto someone else—whether it’s a family member, friend, entrepreneur, or employee. A good succession plan: Ensures the transfer of your business goes off without a hitch Protects the businesses reputation Builds value; provides financial security … Read more