The Fuel Accounting blog page
GST/HST Rules for Supplying Goods and Services to First Nations Customers in Canada
When a GST/HST-registered supplier provides goods or services to First Nations customers in Canada, the tax treatment depends on various factors, including the location of the transaction and the specific provincial rules that apply.
How Small Businesses Can Win Big with AI: Lessons from the Leaders
Artificial Intelligence (AI) isn’t just the tech industry’s shiny new toy. According to Harvard Business Review’s recent article, What Companies Succeeding with AI Do Differently, organizations that thrive with AI share a few core habits—habits that even the smallest businesses can adopt. If you’re running a boutique retail shop, a local service business, or a micro-agency, here’s how you can leverage AI successfully without a big corporate budget.
Dext’s new Mileage Claims Feature
Dext has recently introduced a game-changing Mileage Claims Feature, designed to streamline the reimbursement process for employee travel expenses. This powerful tool can help businesses stay organized and compliant with Canadian tax regulations. We were already huge Dext fans (it’s our go-to tool for receipt and bill data entry), and this new feature makes it even more useful.
Do you even know if you have enough Working Capital?
For small businesses, managing working capital—the cash required for daily operations—is crucial to implementing this system effectively. Our Profit First Cash Management System (PFCMS) revolutionizes cash management by prioritizing profit over expenses.
SMART”Y” Goals? What’s That?
Introduced in the 1980s, the SMART framework provides a clear and structured way to set and achieve objectives. SMART stands for Specific, Measurable, Achievable, Relevant, and Time-bound. By following this formula, individuals and organizations can set goals that are clear, actionable, and realistic.
How Small Businesses Can Win Big with AI: Lessons from the Leaders
Artificial Intelligence (AI) isn’t just the tech industry’s shiny new toy. According to Harvard Business Review’s recent article, What Companies Succeeding with AI Do Differently, organizations that thrive with AI share a few core habits—habits that even the smallest businesses can adopt.
Unlocking the Power of AI Automation for Small Businesses
In today’s fast-paced world, small businesses must embrace innovation to stay competitive. One of the most transformative tools available is artificial intelligence (AI). AI automation platforms like Zapier and Make (formerly Integromat) are particularly accessible and can revolutionize how small businesses operate by automating repetitive tasks.
Do you need a couple of super stars to ignite your business?
Finding and nurturing superstars for your business is a fascinating and multi-layered process. Let’s unpack these ideas step by step. Star performers often share certain characteristics that can be spotted early:
Do you have to run faster, just to stay in the same place?
Anyone who doesn’t think things are speeding up must be living in a remote mountain retreat. In today’s fast-paced digital landscape, keeping up with technology advancements is crucial for small business owners who want to remain competitive and sustainable.
Should the business pay the owner’s tax?
Duh, what do you think? Of course it should…Paying taxes from the business aligns with Profit First’s objective of sustainable, consistent cash flow. The business can operate smoothly while ensuring owners are covered.
