Things are moving fast. This page has already been superseded. Please consult our COVID-19 summary page for more direction. COVID-19 is hitting business owners really hard. In this video Fuel Accountant’s founder, Peter McCarroll, discusses what you need to...
Many Canadian business owners operate their business through a corporation rather than as a Sole Proprietor. The most common question we get is whether the owner should draw their income as a salary or as dividends. The answer, like most tax questions, is: It...
Last week I got an automated call from my credit card company. They had noticed some strange activity on my credit card and wanted me to call to verify the details. Their message was pre-recorded and automated (I’m feeling suspicious already – I already get...
Wonderful – welcome to the excitement of owning your own business.If you’re still in the early stages of starting a business here are some things you might want to do early: Incorporate a Company There are several advantages of trading as a Corporation...
the economy continues to struggle, now is NOT the time to panic. In fact, if you follow our proven strategies, you can use the recession in your favour and capitalise on the weaknesses of your competitors. What may surprise you is that numerous studies dating back...
Inventory often accounts for a large portion of your business’ current assets. Knowing how much to have on hand is a complex task. The very best of forecasts are seldom accurate and occasionally unforeseen problems do occur. Inventory management impacts different...
