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Category Archives: Managing business expenses

Help Your Accountant Help You – 3 Tips

Here are 3 tips to improve your relationship with your accountant for your business: 1)     Don’t wait for them to call you about a planning meeting. In a perfect world every accounting firm has unlimited time and energy to be proactive and think about your business and it’s future. In the real world, a lot of firms end up being reactive ... Continue reading

When Less Money is More Money

Here’s a sad story about trying to get more money when the end resulted in far less money: A business was owned by two friends. The relationship soured and as a business advisor, I was attempting to facilitate an agreement for one partner to stay and the other to exit. The most probable buyer offered over half a million dollars. The other partne... Continue reading

How to ‘Write Off’ a Vacation

Wouldn’t it be great to take a vacation and get a tax deduction too? The first person to convince is your tax advisor and the second could be by the income tax authorities. Here are some tips to assist in your negotiations: Be real I am strong supporter of getting away from the day to day business distractions to focus on strategic b... Continue reading

How to Collect Money Owed from Customers

As a business owner, when a customer is late paying their account, they typically get a lot of attention from you. You might even call them up and ask how things are going and find out if you can help them along – so they can pay their outstanding account! But when a customer pays you right away, you tend to do nothing – except cash the cheq... Continue reading