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Current News

  • Maximize Business Tax Deduction

    As fiscal/calendar year Dec. 31, 2015 just ended, most businesses, either single proprietor, partnership or corporation are almost done in their accounting of their business receipts (to keep business records for 6 years for tax purposes) to come up with the following business related expenses. 

  • When is the Canadian taxes due date?

    For sole proprietorship or partnership, you shall declare your business income on your personal income tax return (T1) and pay any income tax due on or before April 30th of 2016 if your business fiscal year ended Dec. 31, 2015 – common in most businesses.

  • Analyzing Your Financial Ratios

    For any business to be successful, we need to constantly evaluate its performance by comparing it with company’s historical figures, with its industry competitors, and even with successful businesses from other industries. For a complete thorough examination of the company’s effectiveness, we need to look at more than just easily attainable numbers like sales, profits and total assets, we must be able to read between the lines of the company’s financial statement and make the outwardly insignificant numbers reachable and understandable.

  • Maximize Profits

    A company’s ultimate goal is to make money and keep it.  There are 3 profit margin ratios to measure how much money it generates from its total revenue or sales – gross profit, operating profit and net profit margin.

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