Step 4: Accounting Record Keeping and Tax Planning
Accounting and tax can be confusing to many business owners. However, good accounting and tax record keeping is essential if you want to maximize your tax savings and also not getting in trouble with the CRA. In this session we will cover:
Stacey will work with you one-on-one from Step 1 through to Step 5 to get an in-depth understanding of your business operations and financials. If you need guidance on one particular step of the 6 steps, consultations are also available on individual topics. Stacey will provide you with guidance and resources and keep you accountable by assigning action steps after every meeting that will help your business run more smoothly and efficiently.
There are 5 keys steps you must go through to make sure your business is running efficiently. It looks like this:
Accounting Record Keeping and Tax Planning
Step 2: Evaluating Business Financial Performance
Knowing how to evaluate the financial health of your business will help you make better decisions - where to cut costs, how to manage inventory and how to increase profit. The 3 key measures are: profitability, cash flow, and liquidity. In this session we will cover:
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Stacey will work with you one-on-one from Step 1 through to Step 6 and to get an in-depth understanding of your business operations and financials. Stacey will provide you with guidance and resources - anything from how to write grant applications to how to do proper accounting record keeping. You name it - she can help. Consultations are also available on individual topics listed above.
Stacey will keep you accountable by assigning action steps after every meeting that will help your business run more smoothly and efficiently. At the end of each session, you will also be provided with a ton of free resources.
Evaluating business financial performance
Writing a Business Plan
Financial Planning for Business Owners
Business Operation Success
Cross your t's. Dot your i's.
Are Your Business Operations Running Smoothly
You have processes and systems set in place to run your business but is it running in the most efficient way? Do you know the best business structure to choose? Or how to evaluate the operational and financial health of the business?
Accounting and tax for businesses can be boring and confusing, but it's important to make sure accounting record-keeping are correct and you are maximizing all tax planning strategies both personally and in the business. Having access to financing is also crucial, either for survival or expansion - it's worth the time to find grants and negotiate loans.
I am here to help you take a detailed look at your existing business and its operational and financial health and work together with you to make sure all the t’s are crossed and the i’s are dotted when it comes to running a successful business.
Step 3: Obtaining Business Financing
Looking for financing to expand and grow your existing business - financing can come from the government or private sectors - in the form of loans or grants. In this session, we will cover:
Business structure: should I incorporate my business?
Obtaining business financing
Obtain Business Financing
Step 1: Choosing Business Structure
Your business is generating revenue and making a profit. The next step is to determine the right type of business structure - sole proprietorship, partnership or professional corporation. In this session, we will cover:
Bonus Step: Writing a Business Plan
A business plan is required to obtain financing and funding but it also helps you understand the business better and help identify action steps to take in order to improve your business. In this session, we will cover the following:
Accounting record keeping and tax planning strategies
Evaluating Financial Performance
Step 5: Financial Planning
When you're a business owner, the personal and business financials often co-mingle. You may have to deal with fluctuating cash flows, and tax considerations.Your savings/investing and or retirement plan needs to change accordingly. In this session we will cover the following: