Dec 11, 2019 | Part-Time CFO
Business owners need to be very mindful of the fact that running out of cash in business is one of the most significant reasons why businesses fail in Canada says part-time CFO. 50% of all entrepreneurs run out of business in five years, and 29% of entrepreneurs that...
Dec 11, 2019 | Part-Time CFO
Entrepreneurs should be aware of the differences between salary and dividends says part-time CFO. The reason for this, is because the biggest difference between salary and dividends is the taxes that business owners pay on the amount of each as they take it out of...
Dec 11, 2019 | Part-Time CFO
Many entrepreneurs donít understand why they have to declare salary or dividends in their business when they take money out of their corporation says part-time CFO. Ultimately, any time a business owner takes money out of their business, they need to declare it as one...
Dec 11, 2019 | Part-Time CFO
Many entrepreneurs donít understand how significant the decision is on how they should pay themselves in their business says part-time CFO. The difference between salary and dividends in a corporation, is not only what is deductible from income and what isnít, but the...
Dec 11, 2019 | Part-Time CFO
It’s extremely important that entrepreneurs utilize great accounting services as early in their business as possible says part-time CFO. The reason why thatís important, is because hiring a great accountant from the beginning, can help the business owner save...
