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All items tagged with: Small Business

How to Improve Service Levels: Tax Pros Give Advice to CRA

Posted: December 04, 2018
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, Small Business, tax courses, cra business services, Canadian economy, entrepreneur, Auditor General Report, CRA service standards, CRA business enquiries

On the heels of recent criticisms by the Auditor General, Knowledge Bureau Report readers weighed in on CRA service levels and they were conclusive: 87% of last month’s poll respondents say that the CRA needs to work harder. They cited a myriad of issues from 32-week wait times for a T1 Adjustment to the need to correct CRA’s errors, some of them big. 

Don’t Skimp on This: The Cost of Bad Bookkeeping

Posted: November 27, 2018
Posted in: Strategic Thinking , Bookkeeping, entrepreneur, bookkeeper, Bookkeeping for Small Business, business owner, U.K. study, audit-proof tax, Online Bookkeeping Courses

Even in a DIY culture, there are benefits to hired help – especially when it comes to bookkeeping for small businesses. A recent U.K. study showed just how much it costs business owners who choose to go it alone without essential education and training in professional documentation techniques.

Legalized Marijuana May Present New Business Liabilities

Posted: November 12, 2018
Posted in: Strategic Thinking , DAC, Human rights, Small Business, disability awareness week, entrepreneur, Business Builder Retreat, business law, Philippe Richer, business owner, business liabilities, accomodating addiction, Executive Business Growth Specialist

Cannabis problems at work? It’s one grey area that remains following Canada’s recent marijuana legalization, and employers need to know their obligations with regard to accommodating employees with addictions. Lawyer Philippe Richer weighs in on this important employment issue, which he says is the single largest area of potential liability for businesses.

Business Owners, Is the CRA Serving You Better?

Posted: October 16, 2018 By : Beth Graddon
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, corporate tax, Small Business, taxpayer bill of rights, entrepreneur, CE summits, income sprinkling, CRA service standards, proprietor, Stefanie Keller, year-end, small business consultation, Chamber of Commerce

As year-end approaches, financial professionals continue to give mixed reviews on whether or not Canada’s tax system is improving – particularly for the business community. To address these concerns, the CRA has announced a new initiative called Serving You Better, and is requesting consultation from financial professionals and owners of small and medium-sized businesses.

Women Make Strides in Financial Services

Posted: October 09, 2018 By : Beth Graddon
Posted in: Strategic Thinking , Financial Planning, Financial Advisor, Small Business, distinguished advisor conference, women in business, entrepreneur, leadership, proprietorship, business owner, female business leaders, women in financial services, Canadian Summit for Women in Financial Planning, Business Buider Retreat, women-owned enterprises

The financial services industry has traditionally been male dominated, but a shift has started to occur, with more emphasis placed upon supporting female growth in this field. Also important, is a new Statistics Canada Report which notes that women-owned service industry businesses are experiencing higher growth rates than those owned by men, which bodes well for female leaders in the tax and financial services.

Business Partnerships: Signing on the Dotted Line

Posted: September 24, 2018 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , DAC, self-employed, knowledge bureau, Small Business, business development, leadership, tax courses Evelyn Jacks, Business Builder Retreat, Philippe Richer, business owner, entreprenreur, prorietorship agreement, shareholder agreement, business contract, business investing

It’s critical to operate within safe havens if you are in business today. To mitigate the challenges and issues partners and shareholders in business face during the business-building process, it’s essential to have a contract in place. But many don’t understand the core components before signing on the dotted line.