A Survival Guide to Bookkeeping for Independent Contractors We had a conversation with our new client this week and thought we should tell you his story. Matt (can’t tell the full name) is an independent interior designer. His business grew overnight when one of the celebs became his client. Matt was excited, but he neglected […]
5 Financial Tips for Small Distribution Companies In 2020, OTW Shipping, a small distribution company co-founded by two college students, Nick and Parker, started e-commerce logistics. In the first year, they shipped 120K packages; in the second year, they hit $1 million in revenue. However, like many small distribution companies, they faced many challenges in […]
Why Is Government Contract Accounting Easier Than It Sounds? SpaceX won its first NASA contract in 2008. Many wondered how a private company could manage the complicated web of government contracts, especially when it comes to finance and accounting. Government contracts are notorious for their complexities. They aren’t your regular business deals, as they come […]
QuickBooks Enterprise vs Online: The Pros and Cons Nobody Talks About When Jennie started her small candle Etsy shop, she didn’t know it would grow into a full-time business. As her business grew, she needed accounting software to manage tedious financial tasks. After researching, she found QuickBooks to be the most reliable. She had two […]
How to Scale Your Small Business in Toronto? This is the last blog in our series called “Setting Benchmarks for Small Businesses”. This series focused on explaining all aspects of small business expansion, in an yearly stage. In this last piece, we focused on post-success strategies for a small business to maintain itself as a […]
Predicting the Effect of Canadian Budget 2024 on Small Businesses Ottawa proposed the Canadian Budget for year 2024-25 on 16 April 2024, in the House of Commons. We have already rolled out an article focusing on the positive effects of Canadian Budget 2024 on Small Businesses. Now comes the not-so-positive part. Inclusion Rate on Capital […]
CEBA applications opened in April 2020 and closed in June 2021. The loan offered initially was only for $40,0003. It was targeted to be used by small businesses and non-profits to pay for non-deferrable business expenses (lease, payroll etc).
