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Writing Off Your Business Expenses

Writing Off Your Business Expenses

Accurate record-keeping and smart spending are not just good business practices, but they directly impact your bottom line. Knowing which expenses your business can claim as business deductions directly influences your net income for taxation. Below we outline...
How to Maintain a Healthy Cashflow as a Business in Grande Prairie

How to Maintain a Healthy Cashflow as a Business in Grande Prairie

Maintaining a Healthy Cash Flow Cash flow management is an essential element in business performance. Profit shows the balance after all expenses are deducted from revenues, whereas cash flow shows cash moving in and out of your business on a daily basis. Maintaining...
What is the Canada Digital Adoption Program?

What is the Canada Digital Adoption Program?

If your online business is struggling, or if you’re not sure if going digital is right for you, new funding from the federal government could provide the perfect opportunity. The Canadian Digital Adoption Program makes the move to digital business solutions more...
How to Transfer Assets from a Proprietorship to a Corporation

How to Transfer Assets from a Proprietorship to a Corporation

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...
Should I Hire An Employee or Contractor?

Should I Hire An Employee or Contractor?

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...
Setting up Your My Business Account

Setting up Your My Business Account

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...