There are many people who believe that when it comes to investing, nothing beats real estate. This may be true, but you still have to be smart when making your real estate investment decisions. Although investment properties can be a savvy financial move, there is...

The first day of a new job can be overwhelming for new employees. There are company policies and procedures to absorb, colleagues to meet, and job duties to learn. That stress can make the first few days of a job uncomfortable. As a small business owner, it makes...

When you run a small business you likely want to spend as much time as possible on the tasks that make money for your business. Unfortunately, there are many day-to-day chores that require your time but aren't necessarily worth your energy. Faced with those errands,...

In December 2020, the NZ Government passed legislation to implement a new personal tax rate of 39% for those with personal incomes above $180,000. This new rate comes into effect from 1 April 2021 (the 2021-2022 income year). What You Should Know As with any changes...

Still Doing Your Own Payroll?  Here’s 3 Reasons Why You Should Stop At face value, it seems like a great idea. If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid. You feel...

All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once you’ve reached your break-even point, it’s time to celebrate: your business is no longer in the red, and you...

Some small business owners find themselves in the difficult position of running a business that appears to be profitable, but still having no money in the bank. It's an important situation to address. After all, a lack of adequate cash flow is one of the main causes...

It's all the rage to hire casual or fixed-term staff as "contractors" and not put them on payroll.  This is often advantageous to the employer because you avoid expensive things like payroll taxes, workers comp, holiday pay or annual leave, tax withholdings, statutory...

Your business us growing and you’re ready to take the plung and hire an employee.  Congratulations.  There are a number of things that you need to think about, especially as you get started.  Please also note that lows vary by Province – based on where the employment...

When it comes to the overall success of your business, one of the most important decisions you'll face is how to price for the work you do. Charge too much and you could scare away potential customers. Charge too little and you could run yourself out of business....

If your small business operates on a tight budget you might be tempted to eliminate costs that you think aren't necessary. Often small business owners choose to go without business insurance as a way of saving money, but doing so can be incredibly costly in the long...

Nobody wants their business to fail. Although it’s impossible to predict the future with 100% accuracy, a cash flow forecast is a tool that will help you prepare for different possible scenarios in the future. In a nutshell, cash flow forecasting involves estimating...

If you've just started working with Xero, it is normal to make a few mistakes while you’re learning. We see mistakes that are quite common - and unfortunately costly - so you should be aware of them if you want to get the most out of Xero’s powerful cloud accounting...

Owning a small business in the construction industry can be incredibly stressful. In addition to the long days and hazardous working conditions, you have to worry about cash flow issues. It can take a long time to collect on payment from your clients or contractors...

Everyone wants to achieve financial independence. However, until you have enough income-generating assets, you are unfortunately dependent on someone else such as your employer. Investing in properties, when done right, can provide an ongoing income stream and a cash...

Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this. In this article, we will share some of the most useful tips that you can start now to live a...

Yes you do.  If your business is incorporated then you are required to have at least one meeting a year of your shareholders. It's typically called the Annual General Meeting (AGM) and it has a few things that you have to do at it: Receive the financial statements of...

If you have a corporation registered Federally (under the Canada Business Corporations Act) rather than Provincially then you need to file an Annual Return with Corporations Canada (a division of Innovation, Science and Economic Development Canada).  Each return is...

Everyone wants the best for their children, and this includes being rich. Being rich is not just about money-- it is about wealth in all aspects of life. In this article, we will share some life lessons you must teach your kids while they're young to help them grow...

Remember when email was new and novel, and everyone thought it would vastly improve communication while freeing up time? It did improve communication on some levels and freed up employee time at first. Now, however, email has become a productivity killer. Workers have...