Blog

As Grande Prairie grows, we see entrepreneurs launching new endeavours and expanding operations. If you’ve been operating as a sole proprietorship and have recently made the leap to incorporation, you’ve likely transferred personal assets into your business. After...

With the 2021 Federal budget, the Government of Canada announced a new one percent annual tax on residential properties that are underutilized or vacant, the Underused House Tax (UHT). As of January 1, 2022, this new tax act came into effect. Although the criteria for...

Understanding the difference between audited and unaudited financial statements is crucial for small business owners. Whether you’re running a local auto shop or a family-owned construction company in Grande Prairie, Alberta, knowing when and why to use each type of...

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 makes...

If a Registered Retirements Savings Plan (RRSP) is currently part of your financial portfolio, you’ll have until March 1, 2023, to maximize your 2022 contribution. If you don’t hold an active RRSP, this blog may convince you to act now to realize immediate tax savings...

Most Canadian business owners have dealt with the Canada Revenue Agency (CRA) at some point or another. Thankfully today’s technology makes it easier for business owners and their authorized representatives to access corporate income tax, payroll, GST/HST and excise...

Gone are the days of storing 24 pocket file folders in your desk or work truck. New ways to save and track transactions have emerged with online payments, e-mail and text receipts, and smartphone cameras. Keeping track of transactions is crucial, and this month’s blog...

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...

When it’s time to grow your business, people are usually high on the list. The question is should you hire an employee or a self-employed contractor? Who you choose to join your team and how they are hired is more complicated than simply finding people with the right...

When it comes to your investments, business owners have the option to hold assets personally, as a business or to reinvest them into their business. How you choose to invest should factor in your financial goals, costs, and return on investment. Below we explore some...

As small business owners, we are proud to see Grande Prairie entrepreneurs kick-starting their business ideas every year. If going into business for yourself, or with partners, is a dream of yours, starting with a comprehensive business plan should be your first step...

What is a Holding Company? A holding company owns a controlling interest in other companies’ outstanding stock, often referred to as “subsidiaries” or “holdings”. Owners are usually not involved directly in the day-to-day operations to produce goods or services of...

As Grande Prairie grows, we see entrepreneurs launching new endeavours and expanding operations. If you’ve been operating as a sole proprietorship and have recently made the leap to incorporation, you’ve likely transferred personal assets into your business. After...

When it’s time to grow your business, people are usually high on the list. The question is should you hire an employee or a self-employed contractor? Who you choose to join your team and how they are hired is more complicated than simply finding people with the right...

Most Canadian business owners have dealt with the Canada Revenue Agency (CRA) at some point or another. Thankfully today’s technology makes it easier for business owners and their authorized representatives to access corporate income tax, payroll, GST/HST and excise...

Understanding the difference between audited and unaudited financial statements is crucial for small business owners. Whether you’re running a local auto shop or a family-owned construction company in Grande Prairie, Alberta, knowing when and why to use each type of...

As small business owners, we are proud to see Grande Prairie entrepreneurs kick-starting their business ideas every year. If going into business for yourself, or with partners, is a dream of yours, starting with a comprehensive business plan should be your first step...

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...

If a Registered Retirements Savings Plan (RRSP) is currently part of your financial portfolio, you’ll have until March 1, 2023, to maximize your 2022 contribution. If you don’t hold an active RRSP, this blog may convince you to act now to realize immediate tax savings...

With the 2021 Federal budget, the Government of Canada announced a new one percent annual tax on residential properties that are underutilized or vacant, the Underused House Tax (UHT). As of January 1, 2022, this new tax act came into effect. Although the criteria for...

When it comes to your investments, business owners have the option to hold assets personally, as a business or to reinvest them into their business. How you choose to invest should factor in your financial goals, costs, and return on investment. Below we explore some...

Gone are the days of storing 24 pocket file folders in your desk or work truck. New ways to save and track transactions have emerged with online payments, e-mail and text receipts, and smartphone cameras. Keeping track of transactions is crucial, and this month’s blog...

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 makes...

What is a Holding Company? A holding company owns a controlling interest in other companies’ outstanding stock, often referred to as “subsidiaries” or “holdings”. Owners are usually not involved directly in the day-to-day operations to produce goods or services of...

As Grande Prairie grows, we see entrepreneurs launching new endeavours and expanding operations. If you’ve been operating as a sole proprietorship and have recently made the leap to incorporation, you’ve likely transferred personal assets into your business. After...

If a Registered Retirements Savings Plan (RRSP) is currently part of your financial portfolio, you’ll have until March 1, 2023, to maximize your 2022 contribution. If you don’t hold an active RRSP, this blog may convince you to act now to realize immediate tax savings...

When it’s time to grow your business, people are usually high on the list. The question is should you hire an employee or a self-employed contractor? Who you choose to join your team and how they are hired is more complicated than simply finding people with the right...

With the 2021 Federal budget, the Government of Canada announced a new one percent annual tax on residential properties that are underutilized or vacant, the Underused House Tax (UHT). As of January 1, 2022, this new tax act came into effect. Although the criteria for...

Most Canadian business owners have dealt with the Canada Revenue Agency (CRA) at some point or another. Thankfully today’s technology makes it easier for business owners and their authorized representatives to access corporate income tax, payroll, GST/HST and excise...

When it comes to your investments, business owners have the option to hold assets personally, as a business or to reinvest them into their business. How you choose to invest should factor in your financial goals, costs, and return on investment. Below we explore some...

Understanding the difference between audited and unaudited financial statements is crucial for small business owners. Whether you’re running a local auto shop or a family-owned construction company in Grande Prairie, Alberta, knowing when and why to use each type of...

Gone are the days of storing 24 pocket file folders in your desk or work truck. New ways to save and track transactions have emerged with online payments, e-mail and text receipts, and smartphone cameras. Keeping track of transactions is crucial, and this month’s blog...

As small business owners, we are proud to see Grande Prairie entrepreneurs kick-starting their business ideas every year. If going into business for yourself, or with partners, is a dream of yours, starting with a comprehensive business plan should be your first step...

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 makes...

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...

What is a Holding Company? A holding company owns a controlling interest in other companies’ outstanding stock, often referred to as “subsidiaries” or “holdings”. Owners are usually not involved directly in the day-to-day operations to produce goods or services of...