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Accounting

In the first quarter of 2020, there were a total of 12,078 filings for bankruptcy in Canada. That represents a 3% year-over-year decrease from 2019. Interestingly, the same downward trend in bankruptcy filings occurred in the US. From June 2019 to 2020, there were a total of 682,363 filings, an 11% decrease from the previous [...]

Tax season is upon us, and with it comes loads of paperwork and the inevitable stress. Will you owe anything to the IRS? Will you get some money back? Each filing season is another nail-biting event that you have to be ready for. Whenever you’re ready to start filing income taxes, you’ll want to make [...]

How safe would you feel riding a cab while the driver tells you he doesn’t know the difference between third-party and collision coverage? Well, that would be like an entrepreneur not knowing the difference between an LLC and C Corp! Different types of business entities exist to ensure the safety of the business and its owners. Not [...]

You know that age-old saying, “You have to spend money to make money”? That’s a motto that millions of American businesses live by each and every year. In order to turn a profit, it’s very important for businesses, both big and small, to have a long list of business expenses. They have to pay for everything [...]

Are you getting ready to hire your first employee? You’re going to have a lot to manage as you interview, hire, and train your new hire. One of the things that you can’t overlook is paying your employee. You’re going to need to run payroll to pay your employee. More than half of employees have [...]