What Founders Get Wrong in the First 24 Months of Business
During the first 24 months, most businesses are fragile. A common pattern is founders focusing almost entirely on technical execution instead of designing a business that works independently of them
What You’re Really Paying for When You Hire Topspin Finance
When a business owner ask, “Why is this so much more expensive than my previous bookkeeper?” — it’s a fair question.
Here’s what you’re really buying when you work with us:
Hudson’s Bay Liquidation and Lessons From it’s Business Model
Death By 1,000 Cuts: Taylors Hudson’s Bay’s Version.
Tax Deductions in Canada and How to Maximize Them to Pay Less Taxes
When done more strategically, tax deductions can help reduce your income into a lower tax bracket where you’ll pay a relative lower tax amount.
To Incorporate or Not: The Pros and Cons of Incorporation in Canada
While operating as a sole proprietor or an incorporation have their merits, your goals, risk tolerance, and long-term vision all play into the best choice for you. Let's look at these options; the examples will help guide you in your decision-making process.
What Profit Goals Do I Need to Set for My Business?
Looking at revenue alone can give a misleading impression of your company’s value as well as the overall financial health of your business.
CFO vs CPA: Differences Between Fractional CFOs and CPAs
So, which professional does your organization need? If you are looking to scale your company, need strategic financial guidance, want insights on your budget and forecasts, or need assistance making complex financial decisions, a CFO might be the right fit
NEW 2024 Canadian Tax Changes That Will Impact YOU
Covid-19 credits like Work-From-Home have expired while the new tax penalties are the highest charged in 20 years.
How to Account for Customer Deposits
You may be wondering if you should charge sales tax on client’s deposits and whether this money should be considered revenue.
10 Tips To Reduce Costs Without Sacrificing Quality
Cutting expenses down isn't easy, it requires creativity and trying out new things that you may have never considered. For what is worth, let laying off employees be your last resort.
Measuring Success: Key Performance Indicators (KPIs) for Interior Designers
While getting help to manage operations is never a bad idea, as the business owner, it is ultimately your responsibility to understand everything that makes your business successful.
11 Purchases You Didn’t Know Were Tax Deductible in Canada
Tax season can be stressful and many Canadians seem to get caught off-guard by the deadlines. Understandably so, in the hurry to file …
How Embracing Financial Statements Catalyzed My Business Growth
The impact was visible not only in the bottom line but also in the agility and resilience of the business
What is a Virtual CFO and How to Become One
This unpredictability is what has led to many business owners looking for guidance through new and existing challenges. A virtual CFO is hired as a consultant to …
Always Broke Before Payday? Here’s why
Do you always feel like the week leading to payday is the longest everrrrrrr? Instead of exclaiming, wow, time flies! You probably think “thank god it’s payday” or TGIP.
How to Write a Check: A Step-by-Step Guide
Checks, however, while less common than they used to be, are still widely used as a method of payment. Paper checks are inexpensive and effective …
10 Fun and Profitable Hobbies to Make Money (Start Today)
Wouldn’t it be amazing if you could get paid to do the things you love? Things you could have done anyway?
Tips for Managing Small Business Finances
Getting a hang of your business finances can provide a clear picture of your company’s financial health and help drive important business decisions
RRSP and TFSA: How they affect taxes
Many people are confused about whether to choose a Tax-Free Saving Account (TFSA) or a Registered Retirement Savings Plan (RRSP) or both. What if I told you you don’t have to choose one or the other, and that you can have both?
Why many women don’t talk about money with other women
Most women claim they don’t talk about money with other women because the topic just never comes up in conversations or when a hint of money is brought up in conversations, it becomes awkward and weird. Women tend to be more emotional about the state of their finances, especially when …