How much should I pay myself as a business owner?

How much should I pay myself as a business owner?

We get asked this question a lot. And for good reason, it’s not always clear how much you should be taking home as an owner. Too much and you will starve your company of cash. Too little and you might as well just get a job. It’s a tough balancing act, but this article will give you a framework to answer the question for yourself.

What Kind of Financial Statements Do I Need?

What Kind of Financial Statements Do I Need?

We had a client recently ask if we could provide them with “Reviewed” financial statements. They were working on an investment round and were looking to apply as an “EBC” or Eligible Business Corporation. I am aware that means next to nothing to most people, but suffice it to say that it’s a pretty great government program that allows investors to invest money in certain small businesses and get some tax breaks in return. Win-win.

Our Top Ten Xero Bookkeeping Tips

Our Top Ten Xero Bookkeeping Tips

We have spent a lot of time testing out various accounting software applications, and Xero is our software of choice when working with small to medium sized businesses.  Let’s take a look at our top Xero bookkeeping tips that will help you out regardless of whether you’re just getting started in Xero, or if you’ve been using it for years.