From Our Blog

Effective May 15, 2021, we are no longer able to file your Ontario Corporations Information Act Annual Return with Canada Revenue Agency. (These forms provided Service Ontario with changes to the corporations addresses and directors and were required to be filed annually.)

Has Covid-19 impacted your business?  Propel CPA would like to bring to your attention GUARANTEED LOANS: The Government of Canada has mandated BDC to provide a guarantee to your financial institution for 100% of the value of a new term loan, to increase your company’s ability to access new credit.

Have you ever wondered what the difference between a salary and a dividend is?

Without knowing your break-even point, you can’t make informed business decisions. To cover the costs of your business you need to sell enough goods or services to reach your break-even point.

As a business owner it’s important to take time away from work. But worrying about whether staff are meeting deadlines and suppliers are happy translates to more stress and less time enjoying your holiday.

When you’re a small business owner, you get used to people giving you advice. Sometimes you seek out their insights while other times they share whether you want them to or not. While the advice is almost always well-intended, it’s not always good.

In these difficult times, you may find your business slowing down and sales harder to come by. Given this trend, establishing and maintaining connections with existing and potential customers have become more important than ever.

So you’ve set up your business and sold some products and services. Now, you have to send an invoice to collect your payment. But what should you include on your invoices in order to get paid faster?

Cloud computing is quickly moving from an obscure concept to an everyday reality for small businesses all over the world.

Think of your business plan as a roadmap designed to point the way to your current destination, knowing that where you land may not be your ultimate end point.

While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering.