Small Business Succession Planning | How to Plan for Successful Succession
According to the Canadian Federation of Independent Businesses (CFIB) report released in January 2023, 76% of small business owners plan to exit their businesses within the next 10 years. However, only 9% have a formal succession plan in place. Some common obstacles to succession planning include: Completing a business valuation Improving the value of your […]
Tax Planning Strategies for Business Owners | Pipeline Planning
How to Draw Money from Your Business There are several ways to draw money from your company, and they each have different consequences and advantages when it comes to tax planning and optimization. Drawing money from your company can be done through: Salary When you take a salary, the company manages your income tax deductions […]
The Best Business Accounting Firm to Help You Thrive
You deserve the best advice, guidance, and knowledge to help simplify your accounting, improve your business performance, and reach your goals. KWB Accountants & Advisors offers exceptional customer service and client support that you and your business will benefit from. Why KWB Accountants & Advisors Has Five Stars on Google Here’s what some of our […]
How to Prepare Your Business for Sale
Preparing to Sell Your Business: Where to Start When you begin considering the sale of your business, your first step in the process should be to identify your motivation, your goal, and any potential areas for concern. What are you hoping to achieve and what worries you about getting there? Are you looking to make […]
What is Your Business Worth? Know the Value of Your Business
Are you considering the sale of your business? Do you want a better understanding of your financial health and how it can be improved? Benefit from completing a business value assessment that provides information about the economic value of your business. Knowing the value of your business will help you make key decisions about the […]
A Road Map for Your Business
Do you need help realizing the future you envision for your business? A Business Road Map & Forecasting will provide the clarity you need to make the decisions that will propel you towards your goals. Road Map & Forecasting Support for Your Business A road map will help you create targets and milestones, and help […]
Budgeting, Forecasting, and Cash Flow | What’s the Difference and How to Use Each for Business Planning
As a business owner, it’s essential to the success of your business to manage your cash flow and prepare for the future through budgeting and forecasting. It’s important to understand what budgeting, forecasting, and cash flow are, and the role each activity plays in maintaining a healthy and growing operation. Budgeting for Your Business A […]
Strategic Business Goal Setting to Guide You to Success
Are you so busy running your business that you don’t have time to focus on growing your business? Having the right goals in place and a strategy for how to achieve them will help set you on the path to success. Strategic Business Goal Setting by ONSight Advisory will provide you with a completion of […]
The Top 5 Reasons You Need a Business Advisor
As a business owner, you likely spend most of your time focused on the day-to-day operations and details of running your business. It can be difficult to carve out time to examine the big picture of what your business can accomplish, whether or not you’re on track to get there, and how you can develop […]
New Protocol for Applying for the Canada Emergency Response Benefit (CERB) – 3 April 2020
Due to the volume of Canadians applying for the Canada Emergency Response Benefit (CERB), the Canadian Revenue Agency has set new protocol for applying: If you were born in January, February or March, you may apply on Mondays If you were born in April, May or June, you may apply on Tuesdays. If you were born in July, August or September, you may apply on Wednesdays. If […]