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If you fail to plan, you are Planning to Fail! Planning is imperative to Business Success! To accomplish your goals, you need to have a plan. Strategic Planning is not just a one-time deal. We must have annual plans along with our overall long term plan and the plan needs to be looked at quarterly. The real keys are action and accountability. Unless people have accountability, rarely do they follow through with actions to achieve their goals. You will continuously have questions. Here are just a few examples:a.     Should I Buy or Lease a vehicle/Equipment?b.     How can I maximize my Shareholder...
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I have met more than a few people who I would classify as being wearers of Tinfoil hats. You know the type of people who think the government is scanning their brain, and that the aliens are going to find them and harvest their organs unless they are “off the grid”. These same people are afraid of the CRA “knowing” how much money they have, where they do their banking, knowing where they live, etc., and think that any amount of tax is too much. The truth is that in this day of computers, electronic banking, ATM’s, credit ratings, the internet,...
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In a recent news release, the CRA announced that it will be expanding the Liaison Officer Initiative or LOI pilot project to British Columbia, the Prairies and Atlantic Canada this fall of 2014.  The Liaison Officer Initiative is a pilot project designed to help small and medium businesses to comply with their tax obligations. Through this project, businesses are provided access to in-person support as their operations grow. The CRA initially launched two LOI pilot projects last March 2014 in Ontario and Quebec. The LOI is based on a “right from the start” approach which allows the CRA to address non-compliance...
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