Losing the Screwdriver on your Business

Are you making any of these five mistakes in your trade business? Read on more to find what you can avoid.  

 

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Communicating During a Pandemic

 

Most small business owners face a time in their career when they have to communicate in ways or about topics they aren't comfortable with. COVID-19 has put small business owners in the position of having many conversations that are uncomfortable and stressful. 

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4 Accounting Mistakes That Will Cost You

An international bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business.

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What to do when your supply chain faces disruption

 

 

As governments and health care agencies work to stop the spread of Covid-19 and to treat those who are infected, manufacturers in more than a dozen industries are struggling to manage the growing impact on their supply chains. 

If your company relies on suppliers in various geographic locations, it’s likely that at some point your business will face a supply chain disruption. Whether that...

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Why hiring a bookkeeper is a great investment

As a small business owner, you’re likely concerned about every penny you spend. That’s a good thing, because you need to keep track of your income and expenses. It also means, however, that you might be less likely to hire people who can help your business. People like bookkeepers, who are great investments for any small business.

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Accounting Tips For Start Ups

Businesses become a success because it is something you love and therefore work hard at it. It does no necessarily mean you love balancing the financials. However, accounting is crucially important to your success when first starting up.

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Separating personal and business expenses

There are some things in life that go together well and others that definitely do not. Business and personal finances are in the category of items that should not be mixed. Although it may seem like a headache to keep them separate—who wants to manage all those bank accounts?—your life will be greatly simplified once you separate your personal and your business finances, especially your...

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Tips to Keep Your Business Finances in Order

If you’re like most small business owners, you spend the majority of your time managing daily operations, keeping customers happy, and looking for new ways to grow. Spreadsheets, cash flow analysis, and financial projections are probably not your first passion.

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The Staff Christmas Party – is it tax exempt?

At this time of year, employers like to throw parties for clients and employees. This is a great way of saying “thank you” to the team for all their hard work and to the clients for their continuous support.  It is also seen as a major exercise of client relationship management.

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Gifts to clients – are they deductable for tax?

Giving gifts to clients at Christmas time is always popular and may help win new clients and generate more income for your business. In order to claim gift expenses during tax time, the gifts would need to have been offered with the intention of generating future assessable income.

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