Tag Archives: Small Business Advise

Canada Revenue Agency: Manage Online Mail – New Service

Commencing February 9, 2015, a new service called Manage Online Mail is being offered by the Canada Revenue Agency (CRA) to electronically deliver mail to Canadians. Online mail is the best way to manage your correspondence from the CRA. This … Continue reading

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New to bookkeeping and accounting? A look at what the profession should do for you

Bookkeeping is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with accounting. The accounting process is usually performed … Continue reading

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Ontario Provincial Stat Holidays

General holidays, also referred to as statutory or “stat” holidays, are federally or provincially legislated holidays where employees in Ontario receive a day off, a day off with pay or compensation in lieu of time off. However, Civic Holiday* in … Continue reading

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How long do I keep my business and personal records?

The purpose of today’s note is to provide information to persons who are required by law to keep books and records in Canada.  A person in the context of this note includes, in addition to individuals, a corporation, a trust, … Continue reading

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More advise from Business Owners from PROFIT Magazine (Part 2)

As promised, here is more food for thought.  These experiences and others are good advise that I use in discussions with new clients, so think about what they mean to you and your prospective small business. “Be willing to commit … Continue reading

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Starting up a company is, simply put, hard work

The advise contained on the title is well known to all entrepreneurs.  The Canadian magazine PROFIT asked its PROFIT 500 list of business leaders to share some of their often hard learnt lessons. The following are some quotes from them … Continue reading

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