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 […]
Filing Business Taxes with the CRA
Starting a new business means many important tasks and activities, and one of the most important is filing your tax and GST returns with Canada Revenue Agency. Follow these steps to ensure you understand and meet your tax obligations. Registering Your Business with CRA Register for a business number online, by mail or fax, or […]
Controller Services for Businesses
What is a Controller? A Controller acts as the leader of an accounting team, closely monitoring a business’s financial health by maintaining, managing, and analyzing financial information and creating reports to aid in decision making. Not every small or medium size business can employ a full-time controller, and not every accounting firm offers controller services, […]
A Business Owner’s Guide to Social Media
Why Have Social Media for Your Business? Whether you own a small or large business, are just starting out or have been around for many years, you’re growing your customer base or are content with the number of clients you have, a social media presence is key to your brand and business. Being present on […]
The Top 3 Things You Need to Know from the 2022 Federal Budget in Canada
Summary of the 2022 Federal Budget Canada released the 2022 federal budget on April 7, 2022. As in past years, the focus of this year’s budget is on building a stronger, more resilient economy leading to long-term fiscal sustainability, and to reduce the federal debt-to-GDP ratio to pre-pandemic levels. The 2022 federal budget also aims […]
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 […]
What to Look for in an Accounting Firm for Your Business
When researching and selecting an accounting firm for your business, you should consider a firm that does more than preparing your year-end financial statements and tax returns to ensure compliance with the Canada Revenue Agency. The Right Accounting Firm for Your Business The right firm can provide so much more value to you, and the […]
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 […]
Simplify, Strengthen, and Achieve | How to Optimize Your Business’s Performance
Take your business to the next level by focusing on simplifying and strengthening your operations and workflows so you can achieve the results you desire. Simplify Your Business Implement technology and tools that let you collaborate, automate workflows and processes for increased efficiency, and integrate your processes and systems to save time and energy. Tools […]