Small Business

As a small business owner, the payroll process can be a hassle. It’s filled with time-consuming tasks, lots of legislation and rules, remittances to the Canada Revenue Agency (CRA) — and all just to ensure the amazing people that make up workforce receive their pay cheques. Enter payroll software. There are a wide variety of […]

Paying your employees manually is no walk in the park. It’s usually boring, time-consuming and complex. A recent OnPay survey established that manually paying employees will cost 18 hours monthly. That’s where correctly setting up payroll comes in: To help eliminate these challenges taking up so much time and streamline employee remuneration. Yet, most tips […]

Running your own business can be an amazing adventure despite all the countless tasks that come with it. One of those very important tasks is paying your incredible employees. Providing an income isn’t just about crunching numbers — it’s also an opportunity to support their livelihood. So, buckle up and get ready to explore the […]

When it comes to taking care of your business, finding the right payroll solution is an absolute must. While QuickBooks Payroll may be one of the more popular choices, it’s not the perfect fit for everyone. This list of alternatives that can help save time, effort and provide you with a top-notch payroll experience. So, […]

We’re yet to meet a small business owner who leaps for joy at the thought of taxes, payroll, and all the mind-numbing accounting tasks. Fortunately, Intuit QuickBooks is a handy tool you can rely on for all your accounting needs. The best part? QuickBooks isn’t just any ordinary accounting assistant. It’s an essential sidekick with […]

You’re running your own business. You’re on top of everything and multitasking like a champion. You’re also processing your payroll and calculating taxes and… kind of wishing you were doing literally anything else. We get it. Payroll isn’t exactly the most thrilling thing on your to-do list. Especially when you could be building up your […]

The break even point is one of the most important and widely used metrics in the business world. If you’re a small business owner, it can be a decision-making guiding star for everything from pricing products to hiring employees. Although calculating this metric is fairly straightforward, it can have specific nuances that might affect company […]

Pay equity, or the concept of equal pay for equal work, has been a hotly debated topic for decades. Yet, here we are in 2023 and the same problem is still around. Why do women typically earn less than men? And why do some people work in the same roles but earn different amounts? Canada’s […]

As a small business owner, you’ve got your hands full — and there’s just never enough time in the day. Between managing employees and sales, perfecting your products or services and trying to attract new customers, running a business can be exhausting! But it doesn’t have to be this way. Have you considered automation? A […]

Payroll is a non-negotiable aspect of doing business — it’s also one that you can’t mess up. You’re not only dealing with the livelihood of your employees, but the Canada Revenue Agency (CRA) is pretty unforgiving when it comes to payroll errors. So how can you streamline payroll to optimize processes and pave the way […]

In today’s competitive world of ecommerce, small businesses face the challenge of managing their finances effectively while trying to grow their brand. With so many things to oversee while operating a business, it’s easy to see why entrepreneurs become overwhelmed. That’s where professional accounting for ecommerce services comes in, providing many benefits crucial for the […]

When it comes to financial statements for business management, small business owners tend to fall into one of three categories: Small business owners who have their financial statements completely in order and use them to drive a thriving company. Small business owners who understand how financial statements work but are too busy to fully apply […]

On March 28, 2023, the government released its federal budget for 2023, titled “A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future” (Budget 2023, for short). As inflation has created significant financial hardships for many Canadians, Budget 2023 proposed measures to provide various relief to both small businesses and individuals, while simultaneously tightening certain […]

New employees can be vulnerable, out of their element, stressed, and eager to please. Instead of providing a nurturing environment and offering instant validation, however, many businesses expect their new hires to turn into genuine attack dogs in a matter of weeks, providing little training coupled with high expectations. Given that the newest workforce generation […]

This post is written for Canadian self-employed sole proprietors. For the American version, click here.  Company of one? If you’re the only owner of your business and you haven’t formally incorporated, you’re a sole proprietor. If you work for yourself with your main source of income stemming from this business, you’re also self-employed. Congratulations and […]