Knowledge Base
The Difference between Capital Assets and Expenses
This blog post demystifies the differences between capital assets and regular expenses, emphasizing the importance of depreciation in financial reporting.
Understanding Employment Insurance (EI) Eligibility in Canada
Navigating Employment Insurance (EI) can be complex! This post will help you confidently navigate EI.
Streamlining Debt Recovery: A Tool for your Small Businesses
Learn actionable tips to secure upfront payments, handle non-paying clients, and implement early intervention strategies.
Harnessing our Power by Boycotting Big Corporations
Every dollar you spend has the power to make a difference. Learn how boycotts can challenge unethical practices and drive corporate accountability.
Navigating Your Costs: A Closer Look at COGS for Entrepreneurs
Understanding the Cost of Goods Sold (COGS) is essential for managing your business’s profitability and financial health. Learn how COGS impacts your bottom line and how to optimize it for greater financial success.
Communicating Confidently with Financial Professionals
Navigating financial discussions with your accountant can feel intimidating, but it's crucial for your business's success. Bridge this communication gap to ensure you understand your finances and can make informed decisions.
Audit Survival: HELP! How do I handle a CRA Audit?
Being audited can be terrifying for business owners. Learn more about audits and what you can do to prepare for them.
Safeguarding your Vision: The critical role of Internal Controls
Internal controls are crucial for your business to protect itself against fraud. Learn what you can do to reduce your risks.
Evolving Your Ethical Business: Should You Pursue NPO or Charity Status?
If you are a Canadian business considering not-for-profit or charity status, make sure you read about these important considerations.
Financial Systems: A High-Power Tool for Business Success
Implementing a financial system has never been easier, and it is essential for keeping your business’ finances on track!
Hiring Family Members in Canada: Important CRA Rules Simplified!
Hiring family members can be a great tool for Canadian business owners. It is important to know the CRA rules surrounding this practice.
If it’s not in writing it didn’t happen
It is very important to keep proper documentation for your business. You may be surprised to learn that this means emails too… especially if you need to CYA!
How to compensate yourself from your business?
How should you compensation yourself from your business? In this post I look at salary, dividends, owners draws and bonuses as compensation methods.
Which business structure is best?
One of the most commonly asked questions I receive is “what business structure should I choose?”. Read this if you have found yourself wondering this!
8 Biggest Finance Mistakes Small Business Owners Make
In speaking with hundreds of business owners since leaving the corporate world, I have noticed that many are making the same mistakes when it comes to their finances.
How do we fix capitalism?
Capitalism is harming way more than it is helping. We are in late-stage capitalism folks, and some changes are needed.
Greedflation in Canada’s Grocery Stores
Grocery Greedflation is a very hot topic right now. I break down the largest grocery conglomerates in Canada to let you know who owns what!
Value Pricing: Why you should use it in your business
If you are charging for a service and billing by the hour, I encourage you to read about value pricing and learn how it could help your business become more profitable.
What is a Fractional CFO?
I explain the difference between a CFO and a Fractional CFO and how these professionals help your business.