The Fuel Accounting blog page

You’ve Got Problems? Whoa, Dude (or Dudette), We need to talk!! Last month we started talking about how our “Profit First Cash Management System” can help you better manage your contracting business. Now it’s time to show you some of the snakes hiding in the grass. Oh yes, there are snakes…

One look at my name and you’ll know that I have an Italian background. You should also know that I’m from Chicago, and yes, I really do have an Uncle Vito. So I speak with some authority when talking about a “Mafia Offer”. What is a mafia offer? It’s an offer too good to refuse. And it’s one of the most powerful ways of increasing sales and margins at the same time.

Oh Great, Another New Tax to pay?? Underused Housing Tax Act (UHTA): Canadian Bill C-8, which proposes the Underused Housing Tax Act (UHTA), was introduced in December 2021 and received royal assent in June 2022. What is it? It applies an annual 1% tax on certain underused residential property in Canada. 

A business that involves inventory is exciting to set up, but it also comes with its share of challenges. It’s easy to become overwhelmed by inventory management. Adopting some helpful tools and strategies will make the inventory management process much easier. Read on for some tips on how to improve your inventory processes.

When starting a small business, business owners often think about things like the storefront, branding, and displays. They think of smiling employees and happy customers. It’s not usually the image of the shelves and cupboards in the back stockroom that fill their heads.

There are a few different methods that employers use to pay their employees, and while they may have similarities, they each also have their own implications for your business and its employees. On top of that, there may be a blended model at play, in which you offer two types of compensation at once, such as a wage and bonuses.

If you are a business or non-profit organization in Canada then the answer is YES. You are required to issues a T4A slip to ANYONE whom you pay any of the following types of revenue to: pension or superannuation, lump-sum payments, self-employed commissions, annuities, patronage allocations, registered education savings plan (RESP) accumulated income payments

From calculating taxes on online sales to inventory management to figuring out shipping logistics, running an eCommerce Fulfilled By Amazon (FBA) business comes with a whole host of challenges and considerations. Your bookkeeping and accounting solution needs to be able to keep up. As experts, we at Fuel Accountants want to help our clients by ensuring their books are clean so that you can run your business efficiently.

From calculating taxes on online sales to inventory management to figuring out shipping logistics, running an eCommerce Fulfilled By Amazon (FBA) business comes with a whole host of challenges and considerations. Your bookkeeping and accounting solution needs to be able to keep up. As experts, we at Fuel Accountants want to help our clients by ensuring their books are clean so that you can run your business efficiently.

More companies are exploring their options when it comes to employees working remotely. There are numerous reasons for doing so: Increased worker morale, More flexibility in work schedules, Enhanced cost savings by not paying for office space. With all the benefits, it makes sense that employers are considering whether or not working from home can work for their team.