Articles and Advice

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Increase Your Gross Profit Margin

Gross profit margin might be the single most predictive factor about the success or failure of a business.

 

Two ways to write off your vehicle expenses

 You can deduct your vehicle expenses if you normally work away from your place of business. There...

Understand the Capital Dividend Account

Incorporated small business owners may be able to take tax-free cash out of their corporation...

Benefits of a holding corporation

Holding corporations provide significant advantages to small business owners who run profitable...

The 7 Benefits of Outsourcing Your Bookkeeping

There are many benefits to outsourcing your business processes to external service providers. Small...

Should your business take out a loan?

Small business owners can access capital through small business loans to help grow their business....

Why to invest in commercial real estate?

Owning commercial real estate might be one of the most significant opportunities that exist for...

Pay less tax with Health Spending Accounts?

A Health Spending Account is a cost-effective alternative or supplement to traditional health...

Why do corporations pay lower tax rates?

Small businesses in Canada pay very low rates of tax on their income. That’s a positive thing,...

Understand the Lifetime Capital Gains Exemption

The Lifetime Capital Gains Exemption (LCGE) allows Canadian incorporated small business owners to...

Reduce your taxes by claiming home office expenses

Do you use a home office for earning employment or business income? Claiming home office expenses...

SIX REASONS TO SWITCH TO QUICKBOOKS ONLINE

Change can be scary. If you’re familiar with the desktop version of QuickBooks you may be hesitant...