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Mileage Tracking for Canadian Proprietors: Making It Easy and Efficient

Mileage Tracking for Canadian Proprietors: Making It Easy and Efficient

Dive into the world of mileage tracking. It may sound a bit mundane, but trust me, getting this right can save you a lot of headaches (and cash!) when it comes to taxes and expenses. We're here to bre... ...more

Business Bookkeeping

January 12, 20243 min read

Living Out Allowance for Contractors in Canada: What You Need to Know

Living Out Allowance for Contractors in Canada: What You Need to Know

If you're a contractor in Canada, you've probably heard about the Living Out Allowance (LOA). But what does it really mean for you? In this blog, we'll break down everything you need to know about LOA... ...more

Business Finances

January 04, 20244 min read

10 Easy Bookkeeping Tips for Trades Business Owners

10 Easy Bookkeeping Tips for Trades Business Owners

As a trade-based business owner, bookkeeping is key to your success. Our team of professionals offers expert assistance in bookkeeping, tax, and finances. Discover how to effectively implement efficie... ...more

Business Bookkeeping

November 30, 20235 min read

What Is a Corporate Minute Book? A Simple Guide

What Is a Corporate Minute Book? A Simple Guide

If you're running a corporation or thinking about starting one, you've probably heard of a "corporate minute book." What is a Corporate Minute Book exactly, and why is it so important? ...more

Business Finances

November 27, 20234 min read

Ease Your Year-End Payroll Pain

Ease Your Year-End Payroll Pain

Simplify your year-end payroll with Competitive Edge's expert guidance. Our blog offers tips for managing payroll efficiently, ensuring compliance, and utilizing technology to save time and reduce err... ...more

Business Bookkeeping

November 22, 20233 min read

Tax Season Prep: What You Need to Know

Tax Season Prep: What You Need to Know

As the winter chill sets in, it's time to face the inevitable tax season. In this guide, we'll break down everything you need to know to tackle tax season like a pro. Download of our deductions checkl... ...more

Taxes

November 16, 20232 min read

Unlocking the Door to Your Business Loan: What Lenders Look For

Unlocking the Door to Your Business Loan: What Lenders Look For

Elevate your business with a loan! Navigating the loan maze can be tricky, but fear not. We're here to break down what lenders focus on during your application. ...more

Business Finances

October 24, 20233 min read

Top 10 Bookkeeping Mistakes Businesses Make (And How to Avoid Them)

Top 10 Bookkeeping Mistakes Businesses Make (And How to Avoid Them)

Explore the top 10 bookkeeping mistakes businesses make and how to avoid them. Our blog offers practical tips for effective financial management, ensuring accuracy and compliance. Perfect for SMEs loo... ...more

Business Bookkeeping

September 18, 20235 min read

4 Ways to Tell if Your Business is Healthy

4 Ways to Tell if Your Business is Healthy

Discover the four key indicators of a healthy business in our latest blog. Learn how to assess cash flow, manage expenses, and ensure long-term profitability for your business. Essential reading for S... ...more

Business Bookkeeping

August 22, 20234 min read

5 Questions to Ask Yourself When Considering Moving Your Bookkeeping In-house

5 Questions to Ask Yourself When Considering Moving Your Bookkeeping In-house

Considering in-house bookkeeping? Our latest blog poses 5 critical questions to guide your decision. Learn about costs, needs, and the benefits of outsourcing vs. in-house bookkeeping for your busines... ...more

Business Bookkeeping

August 22, 20234 min read

What To Do if Your Business is Operating at a Loss

What To Do if Your Business is Operating at a Loss

Discover key strategies for businesses operating at a loss in our latest blog. Learn effective cost management, sales boost techniques, and tax implications to turn your business around for profitabil... ...more

Business Bookkeeping

August 22, 20238 min read

Profit First FAQ

Profit First FAQ

Profit First FAQ: Gain insights into implementing Profit First method, understand its benefits, learn how to allocate funds effectively, and find answers to common questions about this financial manag... ...more

Profit

August 22, 20232 min read

Employee or Contractor: What to Consider Before Deciding

Employee or Contractor: What to Consider Before Deciding

Employee or Contractor? Consider factors such as control, relationship, financial aspects, and legal obligations when determining work status. Carefully assess the nature of the engagement to make the... ...more

Business Taxes

August 22, 20235 min read

5 Ways to Manage & Control Your Material Costs

5 Ways to Manage & Control Your Material Costs

Managing material costs: Optimize inventory levels, negotiate with suppliers, track and analyze expenses, implement cost-saving measures, and leverage technology to gain better control over material e... ...more

Business Bookkeeping

August 22, 20237 min read

The Power of Financial Reviews for Small Businesses

The Power of Financial Reviews for Small Businesses

Learn how regular financial reviews can drive your small business's growth. Our blog highlights key insights, profitability evaluation, and strategic planning for financial success. ...more

Business Bookkeeping

August 22, 20236 min read

Understanding the Implications of a Lower Inflation Rate in Canada for Small Businesses

Understanding the Implications of a Lower Inflation Rate in Canada for Small Businesses

Explore the impact of Canada's lower inflation rate on small businesses in our insightful blog. Understand how it affects costs, consumer spending, business expansion, and financing opportunities. ...more

Economy

August 22, 20233 min read

Why Bookkeeping is Crucial to Your Success

Why Bookkeeping is Crucial to Your Success

Keeping track of sales, earnings, expenses, and purchases is fundamental to the overall health and sustainability of your business. Effective bookkeeping produces the data you need to evaluate your cu... ...more

Business Bookkeeping

July 24, 20232 min read

How Profit First can Help You Prepare for a Recession

How Profit First can Help You Prepare for a Recession

Preparing for a recession with Profit First: Implement cash management strategies, focus on profit allocation, reduce expenses, diversify revenue streams, and establish financial resilience to navigat... ...more

Profit

June 28, 20236 min read

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