April 6, 2017
You’ve hired your first employee or maybe a small team. You’ve probably already figured out how much to pay them, but now what? Many of the small business owners I talk to remember having a bunch of unanswered questions:
What forms do I need to collect?
What information do I need from my staff member?
What do I need to know about taxes?
What legislation do I need to be aware of?
What rules and penalties do I need to know about?
Like most small business owners, you’ve probably already taken the most logical first step … you googled it – “How to pay an employee?” Unfortunately, this results in 21 million articles, blogs and websites offering about 21 million different pieces of advice. It can be really hard to know where to begin. Provincial legislation? Canada Revenue Agency? Payroll deductions? Yikes! That’s why I’m writing this blog. I want to share the most important things every small business owner needs to know about paying employees. Whether it’s your first employee, or your fiftieth, I hope you’ll find these tips helpful.
March 20, 2017
Owning a small business usually means taking on more risk than being an employee for someone else.
Small business owners are keenly aware of this risk. When thinking and planning for the future, they typically get advice from an accountant and/or a lawyer. While getting this advice is great, it’s generally focused on the business owner rather than the business.
March 17, 2017
The #1 reason why businesses do not sell is over-valued asking prices. Being able to justify your valuation is extremely crucial, especially when you are looking to sell your business.
March 1, 2017
A Deloitte survey of Canadian business and human resources (HR) leaders indicated that culture and engagement was a top concern1. Do your employees share the same company values? Do they want to come to work? Do they know how they contribute to your business objectives?
February 27, 2017
Let me start by saying, a list of 5 items doesn’t nearly cover enough to help employers stay clear of an audit from the Canada Revenue Agency. I wouldn’t be doing my 30+ years of teaching seminars and courses justice if I didn’t warn readers that a blog does not replace professional development courses, certification or otherwise. That being said, lists make very readable blogs (disclaimer: this is my first blog!) so here are 5 audit issues to keep on your radar: