Growing
businesses
As a business expands, new challenges and
opportunities arise that can have a significant
impact on short-term success and long-term profitability.
Let’s get growing
When a business is growing, time and energy are often focussed on meeting client deliverables and the continued push for new business. Our work with management on day-to-day operations helps ensure your business runs smoothly and profitably.
Our services include:
- Monitoring cashflow projections
- Budgeting, forecasting and break-even analysis
- Managing commodity tax services (HST/GST) which can have a significant impact on your business’ bottom line
- Accounting department and financial software consulting to ensure your day-to-day operations meet our needs
GGFL Essential Reading
Employees and the Cost of Owning a Small Business
When the Department of Finance announced earlier this year that it was planning to end “income sprinkling,” GGFL was at…
Learn more >Scaling up to meet the growth potential of your business can be overwhelming. Our experienced team is here to advise owners each step of the way to ensure opportunity and potential turn into a successful and profitable business. Our services include:
- Evaluation of financing options and preparation of financial statements and projections for lenders/investors
- Establishing and monitoring KPIs and industry benchmarks to drive profitable growth, identify areas of concern and improve efficiencies
- M&A evaluation of target companies including revenue forecasts and risk analysis
GGFL Essential Reading
KPIs for Growing Businesses
It is important to establish metrics that are inter-connected and to understand how each impacts the business’ goals and profitability.
Learn more >Whether you are profitable at this stage of business growth or not, a careful review of your finances and ownership structure can have a dramatic impact on your immediate and long-term financial success. We advise growing businesses on:
- Dividend, salary and other compensation options for owners and their family members
- Effective application of Small Business Deductions
- Offsetting income with non-capital losses
- Expensing of depreciable assets
- Scientific Research and Experimental Development (SR&ED) tax credits that you may be eligible to receive
GGFL Essential Reading
Tuition Savings Strategies for Business Owners
No matter how you slice it, paying for college or university tuition is costly. A 2018 survey of 23,000 students…
Learn more >
