Our Financial Blog

Usually one of the first questions someone has when starting a new business is "Should I incorporate my business, or should I stick to a sole proprietorship?" The internet is packed with generic advice telling you that incorporation is always the best move to save...

Should I Buy or Lease a Vehicle for my Business? This is a question I have been getting a lot lately. Whether you’re a self-employed consultant, a small business owner, or managing corporate operations, acquiring a new vehicle always brings up the age-old question:...

Not keeping your receipts They don’t have to be well organized but you need to have them. It can be as simple as stuffing them all in one place (an envelope, a drawer etc.) and you can also just take a picture. CRA is fine with a digital picture as long as the...

When ever you hear the word Accountant the first thing you think of is tax. However, Accountants can bring more to the table than just helping you deal with our friends at CRA. Since we spend our days dealing with different businesses who are having different problems...

An easy way to increase your profits is to figure out exactly where they are coming from. Almost every business deals with at least several services or products (if you’re in retail this is likely into the thousands of products). Commonly it is assumed that as...

So let’s be honest, we’re taxed to death in Nova Scotia. And the more you make, the more you pay. Anyone who is sane hates paying tax, but it’s every kind of very illegal to not pay it. As a business owner, you have the opportunity to sneak earnings from...

Marketing campaigns are investments. Like any smart investment, they need to be measured, monitored and compared to other investments to ensure you’re spending your money wisely. With a solid return on investment (ROI) calculation, you can focus on campaigns that...

Everyone has likely heard the phrase “cash is king.” Cash is the blood in a business and it’s critical that it keeps flowing. Cash flowing out of your business is within your control, but where things get tough is cash coming into your business (you can’t always force...

Recently I had the opportunity to have coffee at Tim Hortons in Middle Sackville with none other than The Evil Tax Man (who was actually really nice). This arose from a surprise phone call I received from CRA, wherein they apologized for dropping the ball in...

Now that the holidays are over, we all have New Year resolutions to make more money and get back into shape. This is the time to seriously look at your business and consider where it’s going financially. Unless your business is snow removal or snow tires, chances are...