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Prioritize regular financial record updates to prevent year-end chaos. Tracking income and expenses monthly helps identify cash flow trends,…

Pay yourself through a combination of salary and dividends to maximize tax savings and cash flow. Structuring your payments this way allows…

Implementing a clear understanding of tax obligations is essential for Canadian companies operating across borders. Proper planning ensures…

Maintaining accurate financial records is a legal obligation for small businesses in Canada. Keeping clear and organized records of income,…

Include estimated import duties and customs fees directly in your shipping quotation to give customers clear total costs upfront. Start by…

Implement a clear petty cash policy that outlines authorized expenses, maximum limits, and reimbursement procedures. This prevents misuse and…

Implementing comprehensive documentation procedures ensures compliance with Canadian transfer pricing regulations and minimizes audit risks.…

Implement prompt invoicing protocols to accelerate cash flow. Sending invoices immediately after providing goods or services reduces delays…

Establish precise procedures for recording foreign currency transactions directly within your accounting system. Use up-to-date exchange rates…

Create a detailed revenue forecast based on clear market data and realistic sales expectations. Analyze seasonal fluctuations and adjust your…