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Holiday Hustle: Financial Moves to Maximize Peak Season Profits
As the holiday season nears, businesses gear up for their busiest time, a period that can often make or break the year. This season can be full of unique opportunities and challenges, from managing cash flow and inventory to balancing staffing and expenses. With
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Cash Flow Countdown: Strategies to Ride Out the Holiday Slowdown
As the end of the year approaches, many business owners need to focus on maximizing liquidity to ensure their companies are in great shape for the new year. Ignoring this can lead to cash flow problems, making it tough to pay bills, invest in growth, or handle
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Window Closing on Immediate Expensing Tax Incentive Program
The ‘Immediate Expensing’ tax incentive program offered by the Federal Government is coming to an end on December 31st. To help ensure that you’re making the most of this incentive, it is essential to understand the concept of immediate expensing and the
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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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CRA Interest Rates: The Growing Cost of Late Tax Payments
UPDATE: Effective July 1, 2025, the CRA’s interest rate on overdue taxes will decrease to 7%. The lower rate will apply to all outstanding balances, but only for interest accrued on or after that date. Any interest charged for periods before July 1 will remain at the
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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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