The self-employed lifestyle holds great promise when you first embark upon it, however you quickly find yourself doing things that you would never have dreamed of. You are expected to take on role of salesperson, market researcher, accountant, lawyer and social media expert, while not getting paid
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These stories submitted by Ronika will be featured BizSugar's homepage
12 Tax Tips for the Self Employed
Posted by ronika under TaxesFrom http://www.montrealfinancial.ca 4723 days ago
Deferred Revenue and its Impact on your Small Business
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4730 days ago
At first glance the calculation of total sales/revenues seems fairly straightforward. Add up your total sales (or ideally have your accounting software do it for you) and voila – you have your gross sales. There are, however, several types of adjustments that need to be made depending on the natur
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Tax Filings for a Typical Canadian Small Business
Posted by ronika under TaxesFrom http://www.montrealfinancial.ca 4739 days ago
When starting a business, it can be confusing and a little overwhelming to keep on top of the different types of tax filings that need to be submitted and the timing on each one. Documents received from the government are not always clear as to what needs to be done, particularly if you are not fa
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9 Tax Facts about Charitable Donations for Individuals and Small Business Owners
Posted by ronika under TaxesFrom http://www.montrealfinancial.ca 4747 days ago
The Canada Revenue Agency (CRA) has specific criteria for what qualifies as a charitable donation and not all good acts qualify for a tax benefit. Growing a moustache (although not without its costs) or supporting your charity case brother-in-law, are generally not considered to be a charitable don
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The William Shatner Guide to Business Diversification
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4759 days ago
The results of his attitude of saying “Yes”, which he is trying to inspire in others through his show and latest book "Shatner Rules", have contributed to a fascinating, multi-faceted career and, perhaps unexpectedly, have led to a very diverse set of properties and holdings
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The Importance of Staying on Top of Your Tax Obligations
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4789 days ago
As an accountant I frequently receive panicked calls from business owners who have received ominous letters from the tax authorities requesting that overdue tax returns be immediately filed. Others receive notices of assessments for significant amounts (Revenue Quebec will often slap an $8,000 ass
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19 Features to Consider When Selecting Small Business Accounting Software
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4796 days ago
When selecting accounting software for your small business it helps to have an understanding of what you want your accounting system to do for you. This involves analysing the key aspects of your business, determining what you must have and what you would like to have. Then, like any good cost be
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Is Wave Accounting Software a Good Fit For Your Small Business?
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4832 days ago
Most small business owners understand, in theory, that they should have an accounting system. The problem arises when trying to select accounting software when often you are not really sure what your accounting software should do. If you are a freelancer or a small service provider, who prefers to
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5 Notable Disclosures in Groupon’s Financial Statements and What They Mean
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4841 days ago
In an effort to determine whether Groupon is in fact a raging buy or, as alternatively presented, on the verge of insolvency, I have undertaken an analysis of their latest S-1 , which was filed with the SEC on August 10, 2011. The document, which is required by all companies who want to file an i
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13 Ways an Effective Accounting System Can Improve Business Decisions
Posted by ronika under FinanceFrom http://www.montrealfinancial.ca 4862 days ago
An accounting system can be an extremely powerful tool for business owners. When structured with the specific needs of the business in mind, it has the power (through the magic of debits and credits) to convert data into a format that actually tells an interactive, completely personalized story a
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