Blog
Turning a side hustle into a full-time gig? Three questions to ask yourself first
If you’re a budding entrepreneur, what can you do to prepare yourself for business ownership, and make sure you’re ready to turn your side hustle into a full-time gig? Read more
How to get the most from your accountant
Most companies, especially small- to medium-sized enterprises, rely on their accountant for bookkeeping, tax filing and providing financial statements. But as a business owner, if you only speak with them when it’s time to file, you may be missing out on plenty of useful advice that goes well beyond ways to save on your taxes. Read more
How family businesses can keep more of their hard-earned money
Business owners are keen to utilize any tax-saving strategies available to maximize take-home profits. Here are five things you can do throughout the year to keep more of your hard-earned dollars. Read more
What to do if your business gets audited by the CRA
No one loves filing taxes, but everyone dreads the prospect of an audit by the Canada Revenue Agency. If you’re a business owner or self-employed individual, here are some tips to help you manage through an audit. Read more
Five tax strategies for small businesses
Most business owners and entrepreneurs use the beginning of the year to revisit business plans, consider the previous year’s successes or failures, make tweaks and set new goals. But a considerable part of your bottom line can depend on how well your tax strategy is working. Read more
Before exiting, take time to properly transition your business
There's an aging population of owners looking to exit the family business and, between 2018 and 2025, they are expected to represent a transfer of up to $4-trillion in assets, according to PricewaterhouseCoopers. Yet less than half of family-owned businesses have a formal succession plan in place. Read more
Equipment: The buy vs. lease dilemma
Should you buy, rent or lease equipment for your construction projects? Given that equipment investment is a necessary cost, it’s a question that many general contractors and construction companies grapple with regularly. But the answer isn’t always straightforward; each business and financial situation is unique and the decision should be made on a case-by-case basis. Read more
Why contractors may want to choose a non-calendar year-end
Choosing a year-end for your corporation is something that should be considered carefully – and strategically. Whether you’re an entrepreneur who has incorporated a small business or the head of a large company, there are number of advantages – and factors – to consider for choosing a non-calendar fiscal year-end, not only when it comes to paying taxes. Read more
Project Financing: Is change in the air?
When it comes to land development and construction projects everything largely comes down to the numbers — an equation of cost, interest rates, spreads, sales and profit. For smaller or less-established developers, some of the critical questions our firm encounters can come during the planning phase, when determining cash inflows and requirements, or when evaluating a project business plan through the eyes of a lender. Read more
Five tax tips for your family business
In Canada, as many as 80 per cent of small businesses are family enterprises. Whether it’s a start-up or a third-generation company, there’s often plenty of hard work that’s been invested, not to mention financial risk. So it goes without saying that business owners are keen to utilize any tax-saving strategies available to help them maximize take-home profits. Here are five ways family business owners can keep more of their hard-earned dollars. Read more
Making the most of your student hire
A student is an employee like any other; they need information, guidance and support in order to put forth their best effort. By taking some time to prepare for your summer student's arrival, you will help ensure a successful outcome for them – and your business. Read more