Category Archives: Bookkeeping

Some companies with seasonal products may employ a flighted media schedule to target their advertising dollars to specific times of the year. Adding both the costs, that is, total fixed cost and total variable cost, we get the total costs incurred by the business owner. Understanding that advertising is a semi-variable cost has important implications […]

This system is designed to ensure that those who earn more contribute a larger share to public services and infrastructure. It contrasts with a flat tax, where everyone pays the same percentage of their income regardless of how much they earn. “Because we are cutting the lowest bracket, every single Canadian who pays income tax […]

When you keep detailed, organized records of your business transactions, tax season suddenly won’t feel like such a daunting chore. By being proactive with your bookkeeping, you’ll save your small business time when it comes to taxes. Simply turn your financial statements over to your CPA or other tax filings expert, and let them handle […]