Top Risks to Small Businesses and How You Can Mitigate Them
2020 has taught us anything it’s that, although things are looking up, risks to small businesses still abound. Here’s what to look out for and how to mitigate that risk.
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How To Calculate Net Present Value (NPV)
Net Present Value (NPV) is the value of all future cash flows (positive and negative) over the entire life of an investment discounted to the present. Here’s a quick overview of how to use this formula correctly.
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Ask an Accountant: What is a Business Asset?
Whether you need to know for tax reporting reasons or just because you’re curious, here’s a definition of what is a business asset.
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Expanding Your Business? Learn About New Tax Requirements
As you grow your business during its life cycle, it will trigger new tax requirements. Here’s a quick look at what to consider as it evolves.
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How Taxing Non-Cash Benefits for Employees Works
Occasionally staff members will receive compensation for their efforts outside of their regular pay cheque. Here’s a quick overview of taxing non-cash benefits to your employees.
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Ask a Professional Accountant: Do Corporate Loans Count as Taxable Income?
Do corporate loans count as taxable income? If shareholders or employees borrow money from a corporation, yes, that money is usually considered taxable income. But the CRA allows for some exceptions.
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