Finance
A Look At Taxes – Part I – GST
One thing that all businesses have to deal with, and really all people have to deal with is Taxes. Taxes are all around us as business people and it can often feel like everything we do is steeped in taxes. One of the objectives as a small business owner is discovering how we can legally [...]
Thinking About Cheating On Your Taxes? Benford Will Catch You
As many smart business people know, cheating on your taxes is really just an express train to destruction. The tax department employs thousands of people who’s only job is to catch you cheating. Simple math will point out that the benefit of cheating is far outweighed by the punishment (jail, fines, etc) and the high [...]
Bookkeepers, Your Lifeline Or Your Failure
Bookkeeping. The word itself can send shivers up the spine of the small business owner. It can be a terribly tedious task that no-one likes, but we all know should happen. Your bookkeeper is either incredibly unappreciated or they are terrible at their job.
I am my own bookkeeper, and honestly I fall into that second [...]
The Three Most Important Items For Small Business
Starting a business can be an incredibly time consuming venture. The three most important items required when starting a new business is 1) money, 2) time, and 3) more money. This is not an exaggeration since no matter how much time a business can suck out of you it can suck at least twice as [...]
Planning For A Government Audit
If you run a small business you are likely in some type of constant fear of a government audit. I wanted to help lighten your mental burden. Here is the absolute truth:
If you run a business you will be audited at some point.
No matter what the government’s position on this is, businesses are just huge [...]
