Dec 2, 2019 | Part-Time CFO
In order to make the determination of how to take money out of their corporation, business owners talk to their part-time CFO. Since business owners are going to have to take money out of their corporation, and they cannot take the money out tax free, itís an...
Dec 2, 2019 | Part-Time CFO
The question whether business owners should pay themselves salary or dividends is one of the most popular questions that part-time CFO gets in their practice. The reason itís so common, is because itís such a difficult question to answer easily. Chartered professional...
Dec 2, 2019 | Virtual Accountant
Utilizing financing is a great way that business owners can increase the cash flow in their business, as long as they work with their virtual accountant. How this works, is that business owners donít use cash in their business in order to purchase assets, instead...
Dec 2, 2019 | Virtual Accountant
Increasing the cash flow in business is significantly important says virtual accountant, because the second most common reason for business failing in Canada today is running out of money. Half of all entrepreneurs close their business within five years, and 29% of...
Dec 2, 2019 | Virtual Accountant
One problem that business owners often bring to virtual accountant is that they are running out of cash, and they desperately need operating capital which is difficult to finance for new businesses. However, when they were brand-new in their business, they used up...
