Selling a business can be very stressful and I don’t envy business owners that do. Recently, one of my client’s Luke Skywalker, lamented the fact that he could not sell his business. As we sat down over coffee in his franchised burrito restaurant, Luke was complaining that he could not […]
3 Costly Mistakes Made with QuickBooks
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Should you raise pries or take the hit of increased expenses? It is quite a balancing act, raise prices too high, customers don’t come back. Take the hit and absorb the cost puts extra pressure on the bottom line and may force the business owner out of business. Here are […]
House flipping or property flipping as they say in the trade, seems like an easy thing to do given up to now, was a red hot real estate market. Property flipping is used to describe purchasing real estate for the purpose of selling it quickly at a profit. This is […]
Small business owners typically want or need a notice to reader prepared for them to get alternative financing. This is usually done by designated accountants, although one doesn’t have to be designated to provide a notice to reader. What is a Notice to Reader For the purpose of this blog […]
James Bond, a client of mine, came to me with his annual commission slip from his employer. The client is a realtor with Mi6 Realty. Until this year, the brokerage had shown on James’ annaul commission slip, the net commission after the brokerage had taken their cut. This year Mi6 […]
Congratulations minimum wage Ontario workers, Premier Kathleen Wynne just gave you a raise. To the small business owners, your payroll costs just skyrocketed. However minimum wage Ontario workers, before you go out and splurge, you should know that you are now in a higher tax bracket. That means more money […]
The Workplace Safety and Insurance Board, WSIB, announcing a rate reduction of 3.3% for 2018 premiums. This is certainly good news for my clients in the construction industry. When I read about a WSB rate cut, I immediately thought ‘that must be a misprint. Premiums don’t go down they only […]