#businessmetrics #businesstips #grossprofit #netincome #currentratio #businessowner You received a set of financial statements from your accountant last month and while you get the basics you are not sure how to get more out of these statements. If you are concerned about the health of your business the following four business margins and ratios will empower you to: · Create more significant goals for your business, · Ask better questions when meeting your accou

#software #accountingsoftware #businesstips We are constantly looking for ways to optimize our workflows and ensure that we have visibility, coordination & organization at every step of our processes. Before you consider a brand-new app to be added to your workflow, we’d like you to evaluate this idea first. Technology vs Human skills: Is a particular piece of technology right for your business size and characteristics, but your staff might be not skilled, adept, or knowledge

#goalsetting #businesstips #projections #swotanalysis We encourage you to set some time to create goals for 2022. The process we share with you here will help you keep organized and in goal-setting mode all year through. Rather than focusing on your number targets first, we would like you to start this planning a bit differently this year. Get pen and paper and let’s get started. Set up the big picture by creating a SWOT analysis: Draw a horizontal line parted by a vertical l

#incorporate #tipstoincorporate #businesstips #closingsoleproprietorship #ontario Exciting times ahead! You are considering transitioning your business from a Sole Proprietorship to a Corporation. Here are some helpful tips that you should think about: When you register your corporation you are creating a new legal entity. This means that you will not be reporting all the income the business makes under your personal tax return (T1). Instead, you will report only what you re