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Understanding digital adoption
How to use it to your advantage and get your business ahead Digital adoption is rapidly changing how businesses operate, and the accounting field is no exception. With the rise of digital solutions, companies can automate and streamline their accounting processes, leading to improved efficiency and cost savings. In this article, we will cover the […]
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RRSPs, a closer look
A Registered Retirement Savings Plan (RRSP) is a type of savings account in Canada that is designed to help individuals save for their retirement. Contributions to an RRSP are tax-deductible, and the money in the account grows tax-free until it is withdrawn. In this article, we will take a closer look at RRSPs, how they […]
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Online bookkeeping, what is it, why does it matter?
Online bookkeeping is the process of maintaining and organizing financial records digitally, as opposed to traditional paper-based methods. It uses cloud-based applications such as QuickBooks, Xero, or other online bookkeeping software to record, store, and track financial transactions. This includes recording income, expenses, payments, and other financial transactions. The software allows users to access the […]
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Digital adoption business plan, what is it?
The government of Canada has earmarked $4 billion to fund Canadian small businesses with grants and loans to help them become more competitive in the global marketplace. To get approved for this grant, you need to work with a government-certified digital advisor who can help you through the process of creating a digital adoption business […]
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Choosing the right cloud software for your business
More and more businesses understand the advantages of choosing the right cloud software. The cloud can improve efficiency, scalability, and security for any organization. However, with such a wide variety of options on the market, it may take time to decide which is best suited for you. What is the cloud, and why should your […]
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Boost Your Business for $15K
Small and medium businesses are the lifeblood of the Canadian economy. That’s why the government is investing in digital adoption plans to help businesses compete in a global market. Through the boost your business grant program, business owners can receive grants to develop a roadmap for their company’s technology future. This will facilitate an improvement […]
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Accounting for Marketing Agencies
Taking the same approach to accounting for marketing agencies as you would for any other type of organization might not be the best path. You wouldn’t want your client’s marketing strategy to be all over the place, would you? As an agency, your strategy involves getting an understanding of your clients’ buyer’s journey, and sales […]
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Phantom equity considered
Consider phantom equity instead of giving employees stock compensation. Phantom Equity is just one of the many vehicles to incentivize employees. This article will explain what it is, why you should consider it for your business, and how it differs from regular stock-option plans. “Focus more on making the pie bigger than on exactly how […]
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The Skinny on eCommerce Accounting
Ecommerce accounting is a hot topic in the world of business today. It’s become one of if not THE most important aspects for companies who wish to compete well in the market and ultimately succeed as time goes on – which means you need this knowledge! Okay, so you have just started your own eCommerce […]
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When to incorporate my business?
Deciding when to incorporate your business is a big one. It can be an exciting time, but it’s essential to take the time to make sure you are ready and that you have all of the information you need. There are many factors to consider, such as: Financial resources Financial goals Tax situation What type […]