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Should You Put a Passenger Vehicle in Your Corporation?

Should You Put a Passenger Vehicle in Your Corporation?

by Peter McCarroll | Aug 4, 2025 | Canada, Canada Tax

Understanding the Tax Rules For many small business owners in Canada, it feels natural to ask: Should I own my car through my corporation? After all, the company already pays for office rent, computers, and supplies—so why not the vehicle you use for work? The answer:...
Should I Pay Off Debt or Build My Profit Vault?

Should I Pay Off Debt or Build My Profit Vault?

by Peter McCarroll | Jul 21, 2025 | Profit First & Cash Management

Let’s talk about one of the most frustrating questions small business owners face: “Do I focus on paying down debt… or do I finally start building up my profit?” If you’re like most entrepreneurs, you’ve probably been stuck in this tug-of-war. On one hand, debt feels...
AI-Assisted Decision Making: Smarter, Faster Business Moves

AI-Assisted Decision Making: Smarter, Faster Business Moves

by Peter McCarroll | Jun 30, 2025 | AI

If you’ve ever stared at a spreadsheet late at night wondering, “Am I making the right call?”, you’re not alone. Every small business owner knows that decisions—big or small—can feel like walking a tightrope. Do you raise prices? Hire now or wait? Take that new...
Can Profit First Help You Avoid The 5 Most Common Cash Flow Mistakes Small Businesses Make??

Can Profit First Help You Avoid The 5 Most Common Cash Flow Mistakes Small Businesses Make??

by Peter McCarroll | Jun 16, 2025 | Profit First & Cash Management

Cash flow is the lifeblood of your business—but for many small business owners, it’s also the greatest source of stress. You may be hitting your revenue targets, landing new clients, or working harder than ever—yet still wondering: “Where did all the money go?” The...
Your First 30 Days with AI: A Beginner’s Guide for Business Owners

Your First 30 Days with AI: A Beginner’s Guide for Business Owners

by Peter McCarroll | Jun 2, 2025 | AI

AI is no longer a luxury reserved for tech giants—it’s a practical, affordable, and game-changing tool for small business owners. But knowing where to start can be overwhelming. This guide is designed to help you spend your first 30 days with AI in a way that’s...
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