Oct 16, 2019 | CFO Services
Business owners who have been paying their employees as contractors and effort to save money on their payroll, often end up being crushed financially when CRA finds out and assesses them says CFO services. This is a completely avoidable problem, that business owners...
Oct 16, 2019 | CFO Services
Business owners often act too late by contacting their accountant after they have been slapped with huge retroactive payroll remittances, penalties and interest charges because there contractors have been deemed employees by the CRA says CFO services. Luckily this is...
Oct 16, 2019 | CFO Services
50% of all businesses are out of business within five years, and 29% of these failed businesses will say that they ran out of cash says CFO services. Business owners when they first start a business, think that they can save a bit of money by not paying payroll...
Oct 16, 2019 | CFO Services
A sobering business statistic Canada Day is that 50% of all businesses close the doors to their business within five years says CFO services. And 29% of those businesses will say that they ran out of money is a reason why they had to close the door. Often when...
Oct 16, 2019 | CFO Services
Business owners who have been avoiding paying source deductions by calling their employees independent contractors often go to their accountant after they have been crushed by high penalties and interest charges because there contractors have been deemed employees by...
Oct 15, 2019 | CFO Services
50% of all businesses are out of business within five years, says CFO services. And 29% of those failed businesses will say that they ran out of cash as a contributing factor to their businesses failure. In an effort to save money, and avoid this issue some businesses...
