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August 24, 2023 Article

Business Overhead Costs: When and Where to Cut When Sales are Slowing

While talk of a recession in Canada has waned in recent months, many small and mid-sized businesses are experiencing increasingly challenging economic conditions. In its most recent report on the state of the small business economy in Canada, accounting software
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Illustration of business man on road going up to dark clouds.
July 13, 2023 Article

CRA Interest Rates: The Growing Cost of Late Tax Payments

Rising interest rates aren’t just impacting mortgage rates and other loans, they are also impacting the cost of late payments to Canada Revenue Agency (CRA). CRA reviews the interest rate they charge to late tax payments every quarter. For July 1 to September 30,
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Illustration of hand giving money another hand on the first of the month.
June 13, 2023 Article

Tenants in Canada at Risk for Non-Resident Landlord Withholding Taxes

A recent ruling from the Tax Court of Canada may have significant ramifications for commercial and residential tenants and landlords on rental agreements in Canada. Under existing Canadian tax rules, tenants renting from non-resident landlords must withhold at source
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Stopwatch with loan written at the top and clock hands nearing the top.
June 12, 2023 Business operations

CEBA Loan Repayments Due at Year-End

Business owners should be planning their CEBA loan repayment now to ensure the funds are available to meet the December 31, 2023
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Invoice with large red PAID stamped on
May 29, 2023 Article

Five Simple Mistakes to Avoid When Collecting Unpaid Invoices

Five common errors that business owners make when attempting to recover unpaid debts from
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Measuring tape measures the word 'performance' on a black board.
April 18, 2023 Article

KPIs for Growing Businesses

It is important to establish metrics that are inter-connected and to understand how each impacts the business’ goals and
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