You have been operating your business for many years and now it is at a critical stage.  Do you invest more money in the business to take it to the next level, keep it the same size and coast or buy a business to jump start the growth.  In fact, the acquisition may be cheaper than trying to develop that new business yourself.  Which way is the best choice for you? (more…)

You operate your own business and you know that the tax changes that happen on July 1 do not impact you for several months, have you started to think about how you will be able to deal with the transition, when does it affect you.  Many people may not realize that things you do now could have an impact on whether you charge GST or HST in Ontario and British Columbia. (more…)

You are planning for the sale of your business sometime next year.  In order to attract a higher price, you want to increase your profits as high as possible in the year before the sale.  If you have a business in Ontario or British Columbia, you may have one time opprtunity to save money without having to take any risks, just change the timing of when you do your purchasing.  Usually if it sounds too good to be true it is, but not in this case.  This tax planning strategy is a very rare opportunity to make more money by changing the timing of when you purchase some goods.   If you do the same thing as your normally would do but can make more money, is it worth it? (more…)

You just bought a business but the quarters are cramped, there is not a lot of space and it is poorly laid out.  Papers are everywhere, there is no rational for organizing the office the way that it is, what do you do?  Did you buy the shares of the business or did you buy the assets of the business?  If you bought the shares of the business, you should look at the accounting records very quickly and determine if they are accurate, was anything left out, get an idea who were the suppliers, see if the goods are purchased at a reasonable price or (more…)

When you start your business, you may only have one customer.  As time goes on, hopefully you get more customers.  What happens if that customer grows and grows and keeps (more…)

Many people do not plan for the future and they believe that if they are healthy, they do not have to plan for succession.  They do not plan to sell the business or if there is someone (more…)

Many small business owners come into work every morning but they do not necessarily have a plan of where the business is going, how to build the business, how to get new (more…)

Effective July 1, 2010, businesses in Ontario and British Columbia will now have to charge HST on sales to their customers.  Will this be easier or more difficult for business owners?  In (more…)

Many business owners have reduced overhead and cut back on staff where ever possible.  The stock markets are going up, politicians tell us the recession is over but are small (more…)

More and more companies (large and small) are outsourcing all or part of their supply chain functions.  In today’s competitive economy, the constant need to improve productivity (more…)