The August back-to-school sales tax holiday wave is here
Sales Tax Holidays are short periods of time, 1-3 days or maybe a week, throughout the year when a list of items is exempt from sales tax. Each state can set its own dates, set […]
How to ensure your new hire works out
Does your small business need to hire? If so, you need to plan how you’ll get around three of the biggest minefields for small employers. According to a recent study, small business owners’ top challenges with […]
How to motivate your employees
As a small business owner, you wouldn’t be where you are today without your team. Whether you’ve brought on full-time W2s or hired 1099 contract workers, your people are a big part of your business’ success […]
5 ways a DUNS number can help your business
If you have gone through the hassles of incorporating your business, separating your personal affairs from your business affairs (which includes having both personal and business bank accounts), then you know that creating a new business entity has a […]
How to calculate the true cost of a new employee
When calculating the cost of a new hire, it’s important to note wages are merely the base cost of hiring an employee. As an employer, you also have to make Canada Pension Plan (CPP) contributions, […]
How can a single or multi-step income statement benefit your business?
An income statement, otherwise known as a profit and loss (P&L) statement, is a critical financial document for your business. Income statements produce a clear snapshot of all of your business activities, allowing you to […]
5 Tips for Managing Cash Flow for a Seasonal Business in Canada
There are more than 1 million small businesses in Canada, and if you happen to run a seasonal business, you know your cash flow can be challenging to manage. Sure, if you have a product […]
How to track expenses: tips, tricks & tax deductibles
Did you lose a week of billable hours last tax season because you spent time sorting through all your credit card charges and paper receipts to figure out how many of your purchases were business […]
Small businesses: Why do your customers churn?
Despite unparalleled success initially when founder Sophie Amaruso turned an eBay business into a $300 million company, the brand ended up filing bankruptcy in 2016. Their main problem sounds simple: Nasty Gal spent freely on advertising and marketing (as […]
A small business guide to inventory calculations for supply chains
For businesses with multiple warehouses, thousands of items in inventory, and complex supply chains, moving to available-to-promise (ATP) supply chain management can transform a company. In the ’90s, Walmart and Kmart were in a brutal […]