New year, new goals! But are your finances ready to make 2025 your best year yet? Starting the new year with a solid financial foundation can set your business up for success. Small business owners often juggle many responsibilities, and financial planning is one of the most critical areas to focus on as you enter… Continue reading 5 Financial Tips for Small Business Owners to Start 2025 Strong
Blog Category: Budget
How the GST / HST Tax Break Impacts Restaurants in BC
The Canadian government has declared a GST/HST holiday from December 14, 2024, to February 15, 2025, aiming to boost consumer spending during the winter. This temporary suspension of sales tax applies to select goods and services, including dining and takeout. While this presents an opportunity for restaurants to attract more customers, it also demands quick… Continue reading How the GST / HST Tax Break Impacts Restaurants in BC
Benefits of Outsourcing Payroll for Restaurants
Are you struggling to manage restaurant payroll effectively? Managing payroll for a restaurant is not as easy as it may see – from calculating employee wages and tips to staying compliant with CRA regulations, it can quickly become a source of frustration. Add the stress of handling seasonal employees, varying work hours, and complex tax… Continue reading Benefits of Outsourcing Payroll for Restaurants
Role of Trusts in Canadian Business Succession Planning
What happens to your business when you’re no longer around to manage it? It’s a question many business owners prefer not to think about, but the truth is, without proper planning, your business could face unnecessary financial strain, legal battles, or even closure. The good news? Trusts can help safeguard your business and ensure its… Continue reading Role of Trusts in Canadian Business Succession Planning
How to create a small business budget: Step by Step Guide
Do you feel your small business is financially ready for the future? Without a detailed budget in place, businesses are frequently caught overspending or dealing with cash flow crises and sometimes even missing out on growth opportunities. But having a well thought budget in place is one of the most powerful means that can guide… Continue reading How to create a small business budget: Step by Step Guide