John Whiteley, can assist you with your financial planning, business plans, financing proposals, tax planning, cost reduction and marketing objectives. Your business plan should always be prepared before you start a business and be updated at least once every year. Income and cash flow forecasts are vital for planning and control purposes. Your Cash Flow Statement can very well be the most important financial statement, since it reveals the source of your funds during the year as well as the disbursement destinations. Capital expenditures that are not funded properly can be the reason for many failed business operations. Sound business planning can avoid this mistake.
Get your books set up on QuickBooks Online and learn how to post transactions and create valuable reports.
Starting a new business is challenging for everyone. There are many factors to consider including the type of legal entity to create, should you incorporate from day one or wait for a few months. We will help you to decide.
The HST/GST impact is important right from the start and can save you money if you register at the beginning of your business activities.
The decision to split income with family members is better to address at the time of setting up your legal entity.
Your accounting software system is crucial and needs to have the proper chart of accounts and reporting capability for your particular type of business.
You need to get your bookkeeping system in order before you get swamped with your operational tasks.
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