#ASKSPURRELLCPA

1 Fixed Monthly Fee - Planning | Accounting | Taxes | CFO

Helping Canadian businesses beat the odds!

  • Canada Emergency Wage Subsidy CEWS | Edmonton Business Consultant
  • Self Employed CERB Benefit | Edmonton Business Consultant
  • Canada Wage Subsidy Punishes Growing Businesses | Edmonton Business Consultant
  • Covid 19 Rent Relief Canada | Landlords & Toilet Paper Price Gougers
  • Mortgage Deferral Canada Covid 19 | Edmonton Business Consultant
  • EI Benefits For Self Employed Canada | Justin Trudeau Empty Promises?
  • EI Benefits For Self Employed Alberta | Edmonton Business Consultant
  • Limiting Coronavirus Business Impact 10 Steps | Business Strategy
  • 10 Coronavirus Business Continuity Plan Considerations | Business Strategy
  • Edmonton Business Consultant |  Equipment & Software
  • Edmonton Business Consultant |  Operations Facilities & Equipment
  • Edmonton Business Consultant |  Operations Strategy
  • Edmonton Business Consultant | Sales Process
  • Edmonton Business Consultant | Business Plan Pipeline Marketing Initiatives
  • Edmonton Business Consultant |  Foundational Marketing Initiatives
  • Edmonton Business Consultant |  Customer Acquisition Objectives
  • Edmonton Business Coach | Business Plan Risk Reduction Strategies
  • Edmonton Business Coach | Business Plan Sales & Marketing Section
  • Edmonton Business Coach | Business Plan Market Trends
  • Edmonton Business Coach | Business Plan Market Risk Analysis
  • Edmonton Business Coach | Business Plan Financing Required
  • Edmonton Business Coach | Business Plan Company Overview
  • Edmonton Business Coach | Business Plan Analyze Competitors
  • Edmonton Business Consultant | Business Plan Target Market
  • Edmonton Business Consultant | Business Plan Sections
  • Edmonton Business Consultant | Business Plan Products Services & Margins
  • Edmonton Business Consultant | Business Plan Problem Vision & Mission
  • Edmonton Business Consultant | Business Plan Market Differentiation Factors
  • Edmonton Business Consultant | Business Plan Executive Summary
  • Edmonton Business Consultant | Business Plan Benefits
  • Edmonton Business Consultant | Real Entrepreneurs Schedule Financial Statement Review
  • Edmonton Business Consultant | Paying on Time Helps You Win
  • Edmonton Business Consultant | Family & Friends Won’t Understand Entrepreneurship
  • Edmonton Business Consultant | Even the Best Business Plans Lie
  • Edmonton Business Consultant | Don’t Switch Business Strategies Too Early
  • Edmonton Business Consultant | Balancing Personal Life & Entrepreneurship
  • Edmonton Business Consultant | Balancing Family Life & Entrepreneurship
  • Edmonton Business Coach | Business Networking Alone Won’t Work
  • Edmonton Business Coach | Progress without Friction is Fiction
  • Edmonton Business Coach | Measure Intelligence by Action Not Ideas
  • Edmonton Business Coach | Lies About Word of Mouth Marketing
  • Edmonton Business Coach | Don’t Dropout When You’re Done School
  • Edmonton Business Coach | Launch Your Product Before it’s Perfect
  • Edmonton Business Coach | Operating at 100% Capacity is a Myth
  • Edmonton Business Coach | Why Most Websites Don’t Generate Leads
  • Edmonton Business Coach | Don’t Increase Your Income with Revenue
  • Edmonton Business Coach |  All Entrepreneurs Must Do Sales
  • Edmonton Business Coach | Meeting Customer’s Expectations isn’t Enough
  • Edmonton Business Coach |  All Customers Are Not Good Customers
  • Edmonton Business Coach | 1% Market Share is all You Need
  • Edmonton Business Consultant | Why A 100% Closing Rate Is Bad
  • Edmonton Business Consultant | Revenue Wont Fix A Broken Business Model
  • Edmonton Business Coach | Why Perfectionists Lose At Business
  • Edmonton Business Coach | Products & Services Don’t Attract Customers
  • Edmonton Business Coach | Minimizing Expenses Is Not The Answer
  • Edmonton Business Coach | Lowering Price Is Not The Answer
  • Edmonton Business Coach | Do The Things You Don’t Like
  • Edmonton Business Coach | Customers Dont Value Your Time
  • Edmonton Business Coach | Building A Business Take
  • Edmonton Business Coach | Why You Dont Need A Website Yet
  • Edmonton Business Coach | Employees Wont Do What What You Won’t
  • Edmonton Business Coach | Communicate Vision & Mission Often
  • Edmonton Business Coach | Things Employees Value More Than Money
  • Edmonton Business Coach | The Most Important Template Phone Scripts
  • Edmonton Business Coach | Real Entrepreneurs Don’t Do It Alone
  • Edmonton Business Coach | Why You Need To Role Play More Often
  • Edmonton Business Consultant | Business Boot Camp Q&A Part 3
  • Edmonton Business Consultant | Business Boot Camp Q&A Part 4
  • Edmonton Business Consultant | Conducting A Group Interview
  • Edmonton Business Consultant | Stages Of Cold Call Prospect Development
  • Edmonton Business Consultant | Organizing Your Calendar For Success
  • Edmonton Business Consultant | Client Intake Checklists & Templates
  • Edmonton Business Consultant | Business Boot Camp Intro Part 1
  • Business Boot Camp Intro Part 2
  • Business Boot Camp Intro Part 3
  • Business Boot Camp Intro Part 4
  • Business Boot Camp Intro Part 5
  • Business Boot Camp Q&A Part 1
  • Business Boot Camp Q&A Part 2
  • Business Plan Executive Summary Diffrerentiation Factors
  • Business Plan Executive Summary Financing Required
  • Business Plan Executive Summary Gross Margins
  • The 4 Hour Business Plan
  • Business Plan Executive Summary Problem & Mission
  • Business Plan Executive Summary Target Market
  • Business Plan Company Overview Section
  • Why We Aren’t Laptop Lifestyle Accountants
  • Why Financial Plans Shouldn’t Cost Extra
  • Why Business Plans Don’t Cost Extra
  • Two Person Accounting Teams For All Clients
  • The Mastermind Vs One Man Show
  • Flat Monthly Fees & Value Billing
  • Collaborative Team Work Workstations
  • Shareholders Vs Directors In Corporations
  • Personal Tax Rates Vs Small Business Rates
  • Incorporation Doesn’t Have To Be Hard
  • Expense Minimization Is Not The Answer
  • Estimates & Proposals Are Not On Financial Statements
  • Annual June 15 Proprietorship Deadline
  • Best Business Bootcamp In Edmonton
  • Key Performance Indicators Online Ad Spend
  • Key Performance Indicators 10 Minute YouTube Videos
  • Key Performance Indicators Google Reviews
  • Key Performance Indicators Leads
  • Key Performance Indicators Online Ad Clicks
  • Key Performance Indicators Online Ad Impressions
  • What Are Key Performance Indicators
  • Should Employees Always Like Their Boss
  • Interview Questions Don’t Make Bad Candidates Good
  • Hire For Skill Or Adversity Quotient
  • Law Firm Marketing Part 7 of 7
  • Law Firm Marketing Part 6 of 7
  • Law Firm Marketing Part 5 of 7
  • Law Firm Marketing Part 4 of 7
  • Law Firm Marketing Part 3 of 7
  • Law Firm Marketing Part 2 of 7
  • Law Firm Marketing Part 1 of 7
  • Employee Interests Vs Business Interests
  • Don’t Read Resumes When Hiring
  • Don’t Keep Employees For Ever
  • Business Degrees Don’t Teach Small Business
  • Hiring Outsiders Vs Deve
  • Schedule For Productivity
  • Working 5 Days Vs 6 Days Per Week
  • Technical Expertise Vs Business Expertise
  • Multitasking Is A Myth
  • Motivation Fact Vs Fiction
  • Getting Up Early Vs Starting Late
  • Why You Should Never Cancel Appointments
  • Motivation Fact Vs Fiction
  • 4 Hour Work Week Vs 80 Hour Work Week
  • General & Overhead Expenses
  • Other Income & Expenses
  • Accounting For Loans & Capital Leases
  • Revenue & Direct Cost of Sales
  • Accounting For Fixed Assets
  • Bank Reconciliations
  • Accounts Receivable AR Aging Summary
  • Shareholder Loans
  • Corporate Tax Payable Vs Expense
  • Accounts Payable AP Aging Summary
  • Small Business Fraud Risks
  • Profit Vs Cash Flow
  • Understanding Your Profit & Loss Statement
  • Understanding Your Balance Sheet
  • Business Loans
  • Accounting Department Schedule
  • When Should I Incorporate?
  • Tax Filing Deadlines
  • Contractors VS Employees
  • Should Businesses Buy Used Vehicles & Equipment
  • Accounting Fees
  • T4 & T5 Filing Overview
  • Canada Small Business Financing Loans (CSBFP)
  • QuickBooks Online (QBO) Vs QuickBooks Desktop
  • Buying The Right Franchise
  • Canadian Payroll Tax Risks
  • Are Audits & Review Engagements Necessary
  • Notice to Reader (NTR) Financial Statements
  • Spurrell CPA Financial Planning Process
  • Business Plan Template Components
  • Why Spurrell Business Plans Work
  • 3 Business Success Tips
  • Chainsaw Demonstration Of Business Failure Rate
  • Importance of a Business Plan
  • Organizing Your Income Statement
  • Financial Statement Components
  • How to Start a Business
  • Salary Vs Dividends For Business Owners
  • Is My Accountant A CPA
  • Starting A Business With Sales Immediately
  • Hiring a Bookkeeper
  • Time Blocking For Business Success
  • What is #AskSpurrellCPA?

    #AskSpurrellCPA are videos published on the spurrell.ca website and the Spurrell & Associates YouTube channel to help business owners with common issues. For each video we pick a topic and answer questions dealing with that topic.


     

    Why did you start publishing the #AskSpurrellCPA videos?

    At Spurrell & Associates we are passionate about helping entrepreneurs succeed. We believe the failure rate for small business owners is unnecessarily high. Although most business owners believe that their pain points are unique, it’s our experience that most entrepreneurs are experiencing issues that other entrepreneurs have already gone through. Even more importantly, there are normally proven strategies that business owners can implement to overcome these issues. With these strategies in hand, the average business owner can move forward while avoiding the costly trial and error process.


     

    Who are these videos for?

    These videos are for anyone who wants to increase their knowledge about operating a small business and increase their chance for being a successful entrepreneur. This includes clients, prospective clients, and non-clients alike. We believe they are useful for people who are planning a business, start-ups, and experienced small business owners.


     

    Why would you give away your secrets?

    Imagine if you were a mechanic and you were driving down a remote country road. You have tools in your truck and you come across a car that has broke down. You see a young couple outside of the car, with kids in the back seat. It’s cold outside. She is holding a flashlight and he is trying to change a flat tire with a small crescent wrench that looks like it was purchased at the dollar store. Are you going to keep driving? Are you going to stop and quote them your hourly rate? We’re hoping you would just stop to help for free. Thus, we believe it’s our duty to help people regardless if they are clients or not. Although it’s not practical to give endless free advice on a one on one basis to non-paying customers, we believe providing some form of free advice is our duty in this profession.

    In addition to the altruistic motives, we believe a struggling small business community is bad for the economy as a whole. Roughly 5% of the Canadian population is self employed and 70% of all private sector jobs are created by small businesses. If 50% of these businesses are failing, this does not pose an ideal situation for any business, including our clients. Thus, we believe the business community as whole would be more likely to prosper if they shared information more freely, rather than viewing every detail as a “trade secret”. Although sharing some information may help competitors, ultimately, we believe a struggling economy is a bigger hurdle than some healthy competition.


     

    Can I watch these videos and not hire my own accountant?

    These videos are designed to give business owners potential strategies to address issues, rather than have the business owner try and reinvent the wheel at each speed bump. Thus, the knowledge in these videos can help speed up progress. However, beneficial results are often dependent on implementing these strategies with some level of customization to suit your particular circumstances. Failing to understand where these strategies need to be customized to suit your business could be disastrous. The only way to gain this level of understanding is to present these strategies to a Chartered Professional Accountant, who is familiar with your particular situation for guidance.


     

    If I’m a client, why should I still watch these videos?

    Even with our own client’s it’s not practical to impart all of our knowledge and experience in a one to one format. Often client meetings take more of a triage approach, in that we focus on the highest priority issues. If the client is able to learn and apply strategies on their own, this allows us to focus our efforts on strategies that require a greater degree of customization or strategies where the business owner is struggling with implementation. Thus, if clients can use these videos to learn and apply these strategies on their own, they will be more likely to accelerate their growth.


     

    What’s a time efficient way to consume the content?

    Time is always the single biggest limiting factor. No matter how much money we earn or how much financing is in place, we all only have 168 hours in the week. The length of these videos are generally around 10 to 20 minutes and all the questions in each video are grouped around a single topic. This will allow the average business owner to learn a meaningful amount on a particular topic during the natural breaks during the day. (I.e. waiting in line, eating lunch, on hold, etc.)

    Additionally, most of the content on the #AskSpurrellCPA videos is useful in audio only format. Thus, if you want to pull up the video while and listen without watching, you will likely gain just as much from the content. We have a playlist on the Spurell & Associates YouTube channel if you want to loop the videos instead of having to pull up a new video each time one ends.


     

    Who are the people in the videos and why are they so awkward?

    The people in the videos are Spurrell & Associates employees or business owners. Most accountants tend to be on the introverted side. We would rather involve people on the show who have more knowledge rather than people with just style. Also, this lets people get to know the real people behind the scenes at our firm, who will be there to help you should you reach out to become one of our clients. Further, given the plethora of topics that business owners need assistance with, our focus will be on providing quality information on useful topics rather than spending copious amount of resources on editing. We are ok if we don’t win an Oscar, but we are not ok with your business failing.


     

    What if I have a topic I would like discussed on #AskSpurrellCPA?

    We would be happy to consider your topic for a future video on the show. The best way to bring forward a topic, is to leave a comment on one of the shows on the YouTube channel.


     

    Are you looking for guests on #AskSpurrellCPA?

    We would absolutely love to have other entrepreneurs on the show. Simply reach out to us at info@spurrell.ca.

    Logo Version 1 Spurell & Associates 01

    Schedule Your Free Consultation!