5 Ways to Manage Your Cash Flow Right

The old adage, “Cash is king,” holds true in the world of business. Cash flow allows you to operate, purchase products or services and pay your employees, among other essential parts of running a business. But maintaining a consistent cash flow isn’t always easy. While you can’t completely remove the […]

Short on Cash? 4 Ways to Improve Your Cash Flow

In today’s business scenario, managing cash flow has become one of the most crucial challenges experienced by small business owners. Many of them often get so busy selling their products or services that they forget to focus on major factors of any successful business – cash flow and cash collection […]

5 Reasons a Bookkeeper Can Save You Money

If you’re a small business owner, chances are that you’re a fan of the do-it-yourself lifestyle. After all, you went into business for yourself. But while many small business owners love the freedom that owning their own business brings to them, it also means that expenses need to be kept […]

Protect Your Small Business with the Basics of GST

Taxes can be complicated, especially if you are an entrepreneur or small business owner. Businesses are have to face different filing deadlines, tax credits and payments than individuals. But the tax man will not accept confusion as an excuse during an audit. It’s essential that you understand the taxes that […]

3 Ways to Maximize the Cash Flow Efficiency of Your Business

While the financial health of your business is not always determined by the amount of cash you have on hand, having cash available is crucial to your business’ operations. Operating activities, such as purchasing inventory or paying bills, often occur before your business receives payment from customers. It is important […]

Using a Family Trust for Tax Planning

There are many reasons to start, grow and maintain your small business, but no matter why you’ve started it, it’s undeniable that you need to profit to survive. That’s why it’s so important that your business be structured in an appropriate manner to maximize the amount of after-tax cash that […]

What Financial Literacy Can Do for Your Business

Testing Financial Literacy In the early 2000s, university researchers around the world became very active in financial literacy research. In one early study, three very basic questions about interest, inflation and risk were developed. Most international studies have used the same questions because: a) they appear to be effective, and […]

The Dangers of Discounting for Service-Based Business Owners

As consumers, we are conditioned to looks for deals, and when a sale happens, we jump on it. By creating scarcity – a way of limiting the availability of an item that’s for sale – business owners can more easily encourage buyers to make a purchase before a discount disappears, […]

3 Financial Questions Every Business Owner Should Ask

Reviewing your company’s cash flows, budgets, and balance sheets may be the last thing you want to review as a business owner. However, proactively reviewing your financial statements is essential and may identify problems before they become an issue. Here are three financial questions you should be asking. Why Do […]