20 12, 2019

5 Tips to Setting up a Rainy-Day Fund for Your Small Business

By |2020-01-28T17:07:13+00:00December 20th, 2019|resource|0 Comments

It’s generally recommended that individuals have enough cash or liquid assets set aside to continue to live for about six months in case of emergency. Not everyone does or even can manage to do this, but it’s a good idea.

Your small business should have at least the same amount set aside—for the same reasons—to be […]

16 07, 2018

Tips on tracking business expenses

By |2019-11-14T20:03:35+00:00July 16th, 2018|resource|0 Comments

Even though tax season is a distant memory, business owners all over the Lower Mainland should be saying the same thing: “I need to start tracking my business expenses better than last year.”

If you’ve ever lost a business receipt, or spent far too much time trying to track down your credit card charges, here are […]

15 02, 2018

Income splitting through an incorporated business

By |2019-11-14T20:04:10+00:00February 15th, 2018|resource|0 Comments

Tax brackets are one of the simplest things to understand when figuring out your tax bill. Very simply, tax is accessed based on your income, and the highest your salary, the more tax you pay.

So let’s say that a husband and wife are making $200,000 per year, collectively. If one person is making $150,000 and […]

11 01, 2018

How an Accountant Can Help Your Small Business

By |2019-11-14T20:04:21+00:00January 11th, 2018|resource|0 Comments

Many small business owners believe that they can handle all their accounting themselves. All they need to do is buy some accounting software, enter in the numbers, and everything’s in the black.

But hiring a chartered professional accountant, like one at Naicker & Associates, can really help you navigate the complicated financial waters of owning […]

8 08, 2017

What to expect from a business audit

By |2019-11-14T20:04:54+00:00August 8th, 2017|resource|0 Comments

You’ve just gotten the phone call that everyone dreads—a tax auditor from the Canadian Revenue Agency has just called and asked you to schedule an audit. He or she wants to go through, usually, two or three taxation years and you’ve got to provide this person with all your records. It’s a scary procedure that […]