Unveiling EBITDA
Discover the importance of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) as a pivotal metric for evaluating a company’s financial health. Uncover how EBITDA offers a comprehensive view of operational strength by focusing on core profitability. Learn how this metric streamlines comparisons, highlights operating performance, and provides insights into cash flow generation. Dive into the benefits and considerations of using EBITDA alongside other financial measures for well-informed investment decisions. Read on to master the art of analyzing a company’s financial health effectively.
The Power of the Balance Sheet
Discover the significance of balance sheets as a vital financial tool for stakeholders and decision-makers. Learn how to decipher balance sheet components, ratios, and trends to empower your business decisions effectively.
The Power of Monthly Bookkeeping:
Unlock hidden insights and empower your small business with monthly bookkeeping, revealing the complete financial picture beyond bank balances, so you can make informed decisions, optimize cash flow, and stay compliant.
Stay Ahead of the Game
Streamline Your Finances with CRA My Business Account: Unleash the Benefits!
Discover the power of CRA My Business Account for seamless financial management. Access vital information, file taxes effortlessly, and receive timely notifications. Authorize your bookkeeper to unlock a symbiotic relationship that ensures accurate payments and saves you time, money, and headaches. Sign up in three simple steps with your business number, SIN, and recent tax returns. Embrace the future of small business success today!
Employee Benefits vs. Contractor Hustle
In Canada, distinguishing between contractors and employees holds significant implications for rights, responsibilities, and obligations. Understanding the differences is vital. Contractors enjoy greater control and independence over their work, while employees operate under employer direction. Financial arrangements differ too, as contractors handle their expenses and invoicing, while employees receive salaries and benefits. Duration, integration, and employment benefits further distinguish the two classifications. It’s essential to note that classification is determined by specific criteria and tests set by regulatory bodies like the Canada Revenue Agency (CRA). Seeking professional advice or consulting the CRA is advisable to ensure compliance with laws and regulations. Gain clarity on workforce classification and protect your business by understanding the distinctions between contractors and employees in Canada.
From Chaos to Clarity:
Keeping track of your business’s finances can be overwhelming for small business owners. We have the perfect solution to save the day (and your sanity): hire a professional bookkeeper!
In this blog post, we’ll guide you on finding the ideal bookkeeper for your small business needs. Bid farewell to financial headaches and welcome more time for activities you truly enjoy… like indulging in Netflix binges and taking rejuvenating naps (kidding, not kidding!).
The Three Stooges of Canadian Business Taxes
Are you a Canadian small business owner looking to conquer the tax realm? We’ve got you covered! Discover the ins and outs of income tax, sales tax, and source deductions. By understanding these tax types and their requirements, you can steer clear of penalties, keep your bookkeeping in check, and focus on what matters most: growing your business. Let’s embark on this tax adventure together and unlock the secrets to smarter accounting practices!
7 Ways Bookkeepers Boost Your Business’s Bottom Line
Running a business comes with countless responsibilities, and bookkeeping is often a time-consuming and tedious task that you’d rather avoid. However, neglecting your bookkeeping can have serious financial consequences. That’s where professional bookkeeping services, such as Indigo Bookkeeping Services, can be a game-changer. By hiring a skilled bookkeeper, you can free up your time to focus on business growth, while ensuring accurate financial data and receiving expert financial guidance. From saving time and money to staying compliant with regulations and gaining valuable insights, discover why hiring a professional bookkeeper is a wise decision for Canadian businesses. Let the professionals handle the number crunching while you concentrate on what you do best – growing your business and achieving success.
5 Mistakes Small Businesses Make
Avoiding accounting and bookkeeping mistakes is crucial for businesses of all sizes. Mixing personal and business finances, failing to keep accurate records, not hiring a professional bookkeeper, ignoring cash flow, and not staying up-to-date on tax laws are common mistakes to avoid. Hiring a professional bookkeeper, like Indigo Bookkeeping, can save you time and money while ensuring accurate financial statements. Contact us today for a consultation and streamline your bookkeeping processes.
Tracking Your Business Expenses
As the owner of a small business myself, I know how quickly expense tracking (or lack of it) can quickly get out of control. Where is it all going? Why are there so many transactions? Is there an easier way to manage my small business expenses without paying for an arm and a leg? The […]