Financial Forecasting For Businesses
You need a financial forecast for your business if you’re considering a major change to your operation. Perhaps you’d like to add new investors or partners or expand your operation, or you’d like to sell your business or you’re in need of a loan. Forecasting allows you to analyze how different choices will impact the […]
Business Process Improvement | How to Increase Efficiency
Increasing efficiency by simplifying and improving business processes will save you time and money. To get started, you’ll first need to evaluate your current processes to look for opportunities to eliminate inefficient workflows. Are you spending time manually completing repetitive tasks? Are you using tools and technology that can automate and streamline certain processes? The […]
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 Improve Your Business Profit
Small changes can make a big difference. You can greatly improve your business profit by adjusting specific metrics by as little as 1%. Profit Improvement Strategies: The Power of One Using your historical financial information, you can analyze the impact that a 1% or one day adjustment will have on your profit and cash flow, […]
How to Develop Key Performance Indicators (KPIs)
Developing and monitoring key performance metrics will help you ensure that your business performance is optimal. When you track the right metrics, you will have the information you need to guide decision-making and adjust operations to achieve your desired outcomes and goals. What are Key Performance Indicators (KPIs)? A KPI is a measureable metric that […]
Personal Services Businesses and Canada Revenue Agency
The Canada Revenue Agency (CRA) will be increasing their focus on personal services businesses and assessing for breeches of tax rules, according to an update from CPA Canada on September 6, 2022. With more Canadians choosing to incorporate their businesses, the CRA will be analyzing if a corporation is operating as a personal services business […]
Canadian Digital Adoption Program Boost Your Business Technology Grant
Updated February 20, 2024: Applications for the Boost Your Business Technology grant are currently closed. Due to a high volume of interest, the Canada Digital Adoption Program (CDAP) Boost Your Business Technology grant is fully subscribed and is no longer accepting new applications. If you have a valid CDAP grant agreement, you can continue to work with […]
How to Set Strategic Business Goals
As a business owner, it’s easy to get lost in the day-to-day activities of running your operation. It can be difficult to carve out the time you need to focus on the big picture and the future of your business. Strategic goal setting is an important task that’s worth your attention. It will help you […]
Business Budgeting and Forecasting
Budgeting vs. Forecasting Monitoring your business’s financial health through budgeting and anticipating expected revenues and payments is key to planning for the short-term. Forecasting allows you to plan further into the future, comparing how different decisions could impact your profit, and helping you to make better strategic decisions to ensure your desired outcome. Planning for […]
The Best Business Service Providers – Accounting, Law, Coaching, and Beyond
The Company You Keep For your business to thrive, you need the right team in place. Consider not only your internal team, but also the external advisors and partners who support your success. At KWB Accountants & Advisors, we do the same thing. Beyond our internal team of exceptional accountants, bookkeepers, and advisors who work […]