by Peter McCarroll | Feb 22, 2021 | Uncategorized
If you’ve just started working with Xero, it is normal to make a few mistakes while you’re learning. We see mistakes that are quite common – and unfortunately costly – so you should be aware of them if you want to get the most out of Xero’s powerful cloud accounting...
by Peter McCarroll | Feb 6, 2021 | Uncategorized
Yes you do. If your business is incorporated then you are required to have at least one meeting a year of your shareholders. It’s typically called the Annual General Meeting (AGM) and it has a few things that you have to do at it: Receive the financial statements of...
by Peter McCarroll | Feb 5, 2021 | Uncategorized
IMPORTANT: This post is specific to Canada. If you are not a Canada business/taxpayer then it is probably not applicable to you. If you have a corporation registered Federally (under the Canada Business Corporations Act) rather than Provincially then you need to file...
by Peter McCarroll | Jul 24, 2020 | Uncategorized
We know small business owners are at varying points on the technology spectrum. Some have embraced technology to operationalize a majority of their operations while others have continued to manage with minimal technology intervention for a variety of reasons. The...
by Peter McCarroll | Dec 31, 2019 | Uncategorized
So let’s start by looking at these two options at the most fundamental level: Dividends are a return on equity. They are paid to shareholders as a distribution of profit. Salary is a return on labour. It is paid to employees for their time and expertise contribution...
by Peter McCarroll | Dec 30, 2019 | Uncategorized
IMPORTANT: This post is specific to Canada. If you are not a Canada business/taxpayer then it is probably not applicable to you. Many Canadians support non-profit organisations through Charitable Contributions. But as a business owner, which is the most tax-efficient...
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