Member Event - Business finance and tax: introduction (webinar)

Finance and tax topics can often seem like another language but understanding them is necessary to the success of your business. This workshop is appropriate for those who are new to small business finance and tax topics or those who desire to brush up on their knowledge.

Key takeaways include:  

-The advantages and disadvantages of each type of business structure from a financial and tax perspective
-Tax tips for small business (sole proprietors and incorporated companies)
-Appropriate business expenses - what is considered reasonable to the CRA including recordkeeping requirements
-The impact your expenses have on cash flow
-Basic bookkeeping best practices including a month-end processes checklist
-Programs (QuickBooks and others) available to use
-Understanding financial statements – decipher balance sheets, interpret income statements
-When to invest in support from a consultant or accountant (and ensure you get an ROI)