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Small business

GST/HST Audits: 3 things CRA inspectors look for

The CRA completes approximately 70,000 GST/HST audits every year. Eeks, right? Though no one enjoys receiving an audit notice, when you know what inspectors are looking for, it’s much easier to prepare for—and yes, even sail through—the process. Here’s what CRA inspectors are interested in when it comes to an audit: 1.    Your expense policy

 
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Small business
As an SMB Leader, Do You Really Know How Much Manually Managing Company Spend...
Managing company spend is a hot topic today – especially among small and midsize businesses (SMBs) – because cash flow is key to driving profitable growth. But are you optimizing how you manage it? In the age of Big Data, digital transformation,...

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Small business
GST/HST Audits: 3 things CRA inspectors look for
The CRA completes approximately 70,000 GST/HST audits every year. Eeks, right? Though no one enjoys receiving an audit notice, when you know what inspectors are looking for, it’s much easier to prepare for—and yes, even sail through—the process....

Read More

Small business
Reap the rewards of more strategic spending for small and mid-sized businesses
Small and medium businesses are typically nimble organizations where money is spent as needed to propel the company forward. Makes perfect sense, right? Unfortunately as businesses grow, spending gets more complex and this common sense plan...

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Small business
How Much Money is Your Business Throwing Away in Duplicate Invoice Payments?
If your small or midsize business is like most, you could be throwing away as much as $12,000 a month – money that could be spent on staffing, resources, innovation or any number of impactful investments. Duplicate payments are a common and...

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Small business
3 Reasons updating expense management systems benefits everyone
There’s a lot to gain from updating and automating expense management systems, and not just in the ways you might expect. While employees often complain about time-consuming, outdated processes, many have also inadvertently, or intentionally,...

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Small business
6 expense management considerations for small business owners
For small business owners who've determined it's time to make the switch from spreadsheets to an expense management solution, the process can seem daunting. What are the considerations to make to ensure your new solution meets the needs of your...

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Small business
It's time to let go of your spreadsheets
Small businesses often start tracking their expenses using spreadsheet software like Microsoft Excel, and it’s easy to see why. It’s not a difficult tool to learn, and it’s a heck of a lot easier than digging out your calculator. And if you’re a...

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