With the recent oil price downturn in Calgary and the increase in labor costs, many businesses are looking for ways to save on their taxes and keep their doors open. Here are five ways that retail business owners can potentially save on income taxes and increase their profitability.
Family Member Worker Expenses
Wages that business owners pay […]
As a real estate agent, taxes can be one of the biggest challenges you face. Unfortunately, it’s extremely easy to miss out on deductions and thereby add unnecessary overhead to your annual revenues.
3 Tips for Handling Real Estate Agent Taxes
Fortunately, there are three very simple easy tips you can implement right away to save on […]
Working as a medical professional comes with no shortage of challenges. At Padgett Business Services®, we can’t help you with the day-to-day responsibilities you have to your patients, but we can help give you peace of mind by ensuring your finances and taxes are handled properly. To this end, we have created this list of […]
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 […]
