Why You Need to Separate Service and Product Revenue (and COGS) in Your Business
Let’s say you run a business that does a bit of everything, you sell products, offer services, or maybe bundle them together into irresistible packages. Sounds like a dream, right? But when it comes to your financials, mixing it all together can turn that dream into a bookkeeping nightmare. If your income statement just has […]
CASH FLOW IS KING. HERE’S WHY
You have probably heard the phrase “cash flow is king” in business circles. But what does it really mean for your small business in practical terms? If your business were a body, cash flow would be the blood, keeping things alive, moving, and healthy. Without it, even a profitable business can run into serious trouble. […]
Tax Prep Tips: Avoid These 3 Costly Mistakes
Let’s be honest. Tax season can sneak up on business owners like that one friend who shows up unannounced, and always stays too long. But taxes do not have to be scary or stressful. In fact, with the right prep, filing your business taxes can be smooth, quick, and maybe even a little satisfying. Here are […]
From Chaos to Clarity: A Bookkeeping Turnaround
Running a small business is hard enough without your finances being a total mystery. If you have ever avoided looking at your bank balance, guessed your margins, or scrambled during tax season, you are not alone. Let’s take a look at how one local café owner went from financial fog to full control with the […]
Holding the Liberal Government Accountable to Small Business Promises
In the 2025 federal election, Prime Minister Mark Carney and the Liberal Party secured a fourth consecutive term, emphasizing a robust agenda to support small businesses amid economic challenges, rising costs, and escalating trade tensions with the United States. Their platform, Canada Strong, laid out a series of key pledges designed to help small and […]
