Over the past several years, many businesses are actively focusing on improving diversity within the workplace. Research has shown that gender diversity, as well as ethnic and cultural diversity in the workplace, can be extremely beneficial for your business. Not only is it important to have a diverse workplace, it’s also important to ensure that…
Capacity for More Billable Hours
As you take on additional team members or larger bookkeeping tasks as your business expands, necessary tasks like payroll and filling various tax forms can consume a lot of time and impede on the goals that you would like to work towards as a business owner. Although it is an exciting journey to take your…
How to Tip Out Properly
If you’re an employer of an establishment that facilitates tipping, it’s important to stay up to date with best practices. Today, we’re going to explore types of tips, some foundational rules associated with tipping practices, and how to ensure you’re staying fair and compliant as a business when it comes to the distribution of tips. …
Payroll Taxes In Québec: What You Need to Know
Taxes are an inevitable part of being an adult. Whether you’re an employee working for a business or an employer yourself, you have to pay taxes. Of course, location will always affect the taxes you pay and the regulations you have to adhere to. For those who live in Québec, there are five main types…
Generating Passive Income For Your Small Business
One of the most important streams of revenue for any business is passive income; it requires no ongoing effort on your part, while generating lasting income for your business. What’s not to like? But passive income can affect your overall financial picture (especially if your business qualifies for the small business deduction). As such, you’ll…
Reopening Your Workplace: Preparing Your Space, Safely
As restrictions loosen across the country, you may be ready for your employees to return to the workplace. Of course, there are various things you need to think about as your workers transition from remote work to working on location again. Before you open your doors, you’ll likely need to make a few changes to…
Hiring Your First Employee – Employee or Independent Contractor?
It might have started small, but your business is now growing. And after careful consideration, you’ve decided that it’s time to expand your team. But what kind of worker is right for your business? Should you hire an employee as part of your company, or would a gig worker (also known as an independent contractor)…
Hiring Your First Employee – Employers In Quebec
As a business in Canada, hiring your first employee involves the Canada Revenue Agency (CRA). If your business is based in Quebec, you’ll need to get familiar with Revenue Quebec. Especially if you’re planning on hiring your first employee. So let’s break it down. Register Your Business With Revenu Quebec If you haven’t already, you’ll…
Life Insurance as an Asset Class
When considering your business assets, you might start with the obvious: the physical location of your business, the product or services you sell, and the tools and equipment that you use. With that said, there may be other asset classes that your business may be overlooking, life insurance being one of them. With cash value…
Hiring Your First Employee – Parting Ways
It happens to every business owner: at some point, one of your employees will leave or you may even choose to part ways with an employee through termination. It isn’t fun to think about the possibility of losing an employee no matter the reason – but it’s imperative to be prepared for when these situations…