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Do I Need a Will?

Do I Need a Will?

Creating a will makes a financial plan for the distribution of your wealth. It ensures the assets you’ve worked hard to build are distributed according to your wishes. However, there are a few common questions and misconceptions that we’ve seen keep many people in...

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Is it time to Incorporate?

Is it time to Incorporate?

Grande Prairie is known for its entrepreneurial spirit. If you’re interested in launching a new idea, or you’ve grown your reputation as a solopreneur, your next step to contemplate could be incorporation.  To determine if incorporation is the right choice for your...

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Strategies to Boost Cash Flow

Strategies to Boost Cash Flow

Cash flow management is essential for the livelihood of any business here in Grande Prairie and in Canada's dynamic economic landscape. Whether a business is just starting or it’s time to optimize existing operations, implementing effective strategies to enhance cash...

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2023 Update to Trust Reporting

2023 Update to Trust Reporting

As Canadians begin collecting tax documents and preparing for annual filings, more will be reporting on trust arrangements thanks to new reporting requirements from the Canadian Revenue Agency. In this month's blog, we’ll summarize what a trust is, what the reporting...

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Digitizing Documents with Dext

Digitizing Documents with Dext

Earlier this year, we shared a blog encouraging our Grande Prairie community of businesses to go digital with document storage. We often get asked, “What software works best?” While solutions can depend on the needs of an individual business, one solution we recommend...

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Bookkeeping Categories Simplified

Bookkeeping Categories Simplified

Grande Prairie is home to some of the highest rates of entrepreneurship. Being in the finance industry ourselves, the team here at McNabb Lucuk LLP understands how crucial bookkeeping is in running a financially responsible business. By systematically recording and...

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Why is Bookkeeping essential?

Why is Bookkeeping essential?

Bookkeeping tells stories about a business using numbers in categories. Knowing why this business function is essential and what stories the numbers are saying about your business can be beneficial. Financial data offers invaluable insight into any business. This...

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Can Employers Give Gifts to Employees?

Can Employers Give Gifts to Employees?

As these warmer summer months set in, our Grande Prairie business community enjoys more team building time and looking for ways to attract qualified employees. The summer also marks a mid-year point for those with a December year-end, making it an excellent time to...

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