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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
Expense reports: We answer your most frequently asked questions
Expense reports are by far the best way to manage and track business expenses incurred by employees. Such business expenses commonly include: Employees naturally expect any personal funds expended for business to be paid back to them. An expense...

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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
Here's the Travel Expense Policy Template You Need
Setting clear guidelines is important in every aspect of business, particularly with your most valued audience – your employees. Managing expense and travel is no exception. And, with an average of 10% of a company's business budget devoted to...

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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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