Finance
Common Pitfalls When Seeking Financing for Your Small Business
Small business owners often seek working capital to help with business growth, refinance existing business debt, or to purchase/update technology or equipment. When you are seeking financing for your small business, there are things you…
Tax Rules for Bad Debts on a Balance Sheet
How do income tax rules treat bad debts? Facts: There are two provisions in the Income Tax Act (ITA) for bad debts. Discussion: The first way to claim a bad debt is covered in Section…
The Future of Contactless Payments for Businesses and Consumers
During the last few years, the way we pay for everyday products has changed dramatically. After saying goodbye to the signature, the era of Chip and Pin transactions has given way to contactless methods, leading…
Angel Investment Red Flags
Last week at an angel investment meeting one of our group members asked whether anybody had a list of red flag problems that would immediately eliminate a startup from consideration by angel investors. That seemed…
Tax Refund Coming Your Way? 10 Frivolous Ways to Spend the Money
It’s tempting to pay off car loans or credit card debt with a tax return windfall, but it’s more fun to dream of ways to spend it. The average refund from Uncle Sam is about…
7 Work Ethic Elements Will Get You Investor Funding
Starting and running a business is hard. Don’t believe the old myth that with a few hours of work a day and a great web site, you can get rich while you sleep. I have…
How to Determine Taxability of Services
If you followed our recent series about multi-state tax facts for various types of technology companies, you likely noticed a common theme: it’s important to determine which states a business has created in so that…
Avoid the Race to Zero
When do you sell your company? Obviously we all want to sell at the top. And there is the problem. How do you know when you are at or near that right point to sell…
How to Get a Loan Tailored to Your Specific Niche
Every business sector is different and has its own financing needs. Most sectors are cyclical but some less so, and whilst some sectors traditionally experience peaks in the summer and lulls in the winter, others…
True Story: Missing Assets Equal to a Year’s Sales
You don’t think finance and accounting matter in small business? Here’s a true story, and it’s about a small business like the ones I write about, in fact one I was involved in, not a…
Top Articles in This Category
