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Commercial insurance is vital for managing business risk. But since no one can predict the future, shopping for a business insurance policy quickly becomes a nerve-racking game of, “Do I need this or not?” This anxiety about business coverage is justified. Business owners are in danger of either under- or over-insuring their businesses. The former […]

Prepare for a smooth payroll year-end with this checklist for Canadian small businesses, accountants and bookkeepers.

The end of the year comes with a lot packed into a short timeframe — holiday shopping, quality time with loved ones, making sure you don’t end up on Santa’s Naughty List… When you run a small business, working on your payroll year-end is another thing you have to make time for. The sooner you […]

Notice how KIT is in all caps? Our caps lock key didn’t get stuck. That was on purpose. KIT stands for Keep It Together — we’re talking about your payroll, your marbles and your spirit. We understand year-end can be a stressful time of the year for small businesses, accountants and bookkeepers, so we’re here […]

McRally is a Calgary-based boutique advisory firm that focuses on growth and profitability for small and medium-sized businesses. Their custom-tailored solutions around business strategy, tax, accounting and finance help drive their clients’ business towards success — including implementing payroll as a function of business success with Wagepoint. McRally clients come from a range of industries. Note: […]

Just like a good chocolate chip cookie recipe, sometimes we need a step-by-step approach on how to do something — and just like there are many recipes for cookies, there are equally different recipes for job costing. Unlike our regular articles, this publication is written as a standard operating procedure on how to job cost […]

This post is written for self-employed sole proprietors in the United States. For the Canadian version, click here.  The most common form of small business ownership, a sole proprietor (sole proprietorship if you’re being formal) is an “unincorporated business” where the owner literally owns the entire business. As such, for tax reasons, the business and its […]

If you have a home office, some of the expenses you incur through the process of doing business are tax deductible. You also have a choice of which method you can use to claim these savings — the simplified or standard method. Learn about the difference between the two methods and how to determine which […]

When you’re hiring employees, if you’re only considering the cost of wages and salaries, you’re only accounting for 70% of the actual costs. The other 30% comes from paid benefits, like vacation, insurance and retirement plans. Get all the details in our guest post for the 1-800Accountant Blog — How to Prepare Yourself for the Cost […]

Quick Links Infographic General trends Jobs with the highest employee bonuses Industries with the highest employee bonuses Why bonuses are given Bonuses and employee engagement Timing of bonuses Etiquette Beyond the bonus check Bonuses and taxes  As the year draws to an end, you may find yourself wanting to show your appreciation by offering an […]

Time is money. People matter. There are catchphrases/cliches for everything in business. But, what never goes out of style is the importance of truly valuing your employees. This is exactly the point we make in our guest post for the Kabbage Blog, “Why Small Businesses Should Value Their Employees.”

As a small business owner, you may have been tempted to throw your hands up in frustration at the intricacies of insurance. It sometimes seems like the entire point of insurance policies is to make sure no one ever actually makes a claim. As you look through the list of policy exclusions and restrictions, you […]

​ With all the buzz about e-commerce, brick-and-mortar stores may seem less essential. This couldn’t be further from the truth. In a guest post “15 Retail Customer Retention Tactics for Brick-and-Mortar” on the ShopKeep blog, Wagepoint’s Leena Thampan shows how important brick-and-mortar still is to retail businesses and how to make the most out of […]

From business meetings to conferences to workations, there are many reasons you could need to pack your bags for a work trip. You may dread leaving your comfy and familiar office, or you may be itching to set sail to a new, awe-inspiring work environment. In either scenario, you’ll want your work-travel experience to go […]

With the NHL regular season wrapping up, playoffs are finally here. Ready to discuss which team has the best chance of winning the Stanley Cup? Or would you rather discuss how payroll works for the National Hockey League? Spoiler: NHL players make a lot of money. But what does that look like on a single […]