Accounting

Incorporation - Is it right for my business?

The decision to incorporate your business in Canada is a complex one. Let's understand the pros and cons of the process.

8 min read

31 views

10 Benefits of Cloud Accounting

Cloud-based accounting software offers a wide range of advantages over traditional desktop or local systems. Let's explore some of them.

5 min read

35 views

What is a Break Even Analysis, and why your business needs it

Break-even analyses assist in calculating when revenues equal your costs, thus influencing budgeting, spend, and product pricing decisions.

4 min read

34 views

Lease or Buy: A Quick Guide

Let's look at each alternative's benefits and drawbacks to help you decide which option is right for your business.

2 min read

45 views

Business Valuation Basics

Accurate business valuation aides in decision-making for selling, financing, attracting investors, and understanding financial health.

4 min read

27 views

All about Compilation (NTR) Financial Statements

NTRs are the most common statements and are valuable because a knowledgeable CPA assists in the preparation of the financial information.

3 min read

118 views

Accrual vs. Cash Basis of Accounting

Accrual basis recognizes revenues when earned, while cash basis records them when received. Learn more differences in this article.

2 min read

54 views

Why are Balance Sheets and Profit & Loss Statements so important?

Balance sheets and P&L statements are important financial statements that provide a snapshot of a company's financial health.

2 min read

48 views

5 Key Financial Ratios Every SMB Should Monitor

A short-list of 5 key financial ratios you should monitor for your business to make the right decisions in a timely manner.

6 min read

40 views

When Do I Need to Apply for Payroll?

Canadian employers, trustees, or salary payers need to open a payroll program account with the CRA - here's what you should keep in mind.

3 min read

47 views

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