Many clinic owners struggle with filing for T4s and T4As. Read the tips on preparing T4s and T4As and ensure a stress-free payroll season.
7 Cash Flow Management Tips for Nonprofit Organizations
NPO
While the nonprofit sector shares many similarities with for-profit businesses, they also have some unique characteristics that can make them…
10 Basic Responsibilities of Nonprofit Boards
NPO
Nonprofit boards are responsible for a broad spectrum of legal and fiduciary duties. These range from advancing their organization’s mission…
Importance of Directors and Officers Insurance for Nonprofit Boards
NPO
Directors and Officers liability insurance (or D&O) protects nonprofit organizations and their boards against risks not covered by general liability…
How to Read a Balance Sheet for a Nonprofit
NPO
Your nonprofit organization has a fiduciary responsibility to report the details of its financial situation to donors and funders every…
6 Key Responsibilities of the Nonprofit Finance Committee
NPO
As part of your nonprofit’s board, the finance committee has a fiduciary responsibility to oversee all financial matters, ensure they’re…
Importance of an NPO Budget
NPO
For nonprofit organizations, financial sustainability is closely tied to effective operational management. Since this includes both the timely review of…
How to Recession-Proof Your Business
Advice
With the Bank of Canada rapidly increasing interest rates to combat decades-high inflation, financial experts are forecasting a likely recession.…
10 Questions to Ask When Choosing a Payroll Service Provider
Payroll
Payroll services are a convenient way for small business owners to meet their payroll and tax filing obligations. Rather than…
Do’s and Don’ts After Raising Startup Capital
Bookkeeping
Knowing what to do after raising startup capital—and what not to do—can mean the difference between building a great company…
QuickBooks vs. Xero: What’s the difference?
Accounting
Xero and QuickBooks Online are two of the most popular and powerful accounting software solutions for small business owners. But while…
How to Improve the Billing and Collection Process for Your Dental Office
Bookkeeping
Staying on top of collection activities can be a challenge for most dental offices. Any time you see your accounts…