Running a successful small business comes with one challenge after another. So it’s a major achievement – and relief – when you can finally hire that first employee and start benefiting from some extra help. Unfortunately, if you don’t understand business employment taxes, this initial hire may turn into a burden.
The 5 Steps to Properly Executing […]
With the intense physical labor and never-ending headaches, many construction workers would definitely appreciate a long day of rest away from the hustle and bustle of work. Sadly, we can’t lighten your construction work. However, at Padgett Business Services, we can help ease your tax reporting burden. Construction contractors are usually classified as sole proprietors in […]
The growth phase of a small business is a very delicate time. Small business owners need to manage their growth very carefully to survive and thrive during that time. They need to avoid some common pitfalls.
If your startup business is lucky enough to be successful and reach the all-important growth phase, it is important to […]
One of the greatest things about owning your own business is it puts you in control of your life. Instead of relying on the boss to give you a raise, you can create your own opportunities by landing new clients and cross-selling different products to your existing base of customers. This level of control is […]
Hundreds of new small businesses launch daily, with some going on to become big names such as Apple, Google, and Microsoft. However, most small businesses remain just that — an enterprise with a few employees. Only about half of all businesses with at least two employees survive after five years according to the Small Business […]
More and more Canadians are finding themselves in a bad financial picture because they have fallen behind on their credit card payments. Although the natural response may be to bury your head in the sand and pretend the debts don’t exist, you can’t do that for long. Here is what you can do if you […]
Any small business owner can increase their profit if they follow a certain set of guiding principles. If you are like many business owners, you have tight budget. Does it really need to be that tight?
The answer is no. There are ways around paying more to get less. Here are three ways that you can […]
Are you ready for the tax season? Here is a convenient list of important documents you may need for tax preparation:
Slips
– Employment Income
– Employment Insurance Benefits
– Interest, Dividends, Mutual Funds
– Tuition / Education receipts
– Universal Child Care Benefit
– Old Age Security/CPP Benefits
– Other Pensions and Annuities
– […]
The decision to open a business credit card account is not a matter to take lightly. You should carefully weigh the pros and cons before making this decision for your business. The benefits associated with having access to capital when you need it, earning rewards points, and more often outweigh the cons associated with a […]
Did you sell your house in 2016? File a tax return and claim the principal residence exemption for the capital gains. Commencing with sales in the 2016 tax year, you must report basic information, such as the date of acquisition, the proceeds of disposition (the sale), and the address, on your income tax and benefit […]
