accounting and management Archives

Minute Books: Why They Are Essential For Your Business

What are “Minute Books?” Your corporation’s Minute Book is an official record of your company’s activity including: Documentation that proves your corporation exists. The names of all shareholders, officers and directors that have been in the company since incorporation. Share transfers and insurance. Proof that every step was taken to activate the corporation after incorporation. … Continue reading

Tax Implications of Crowdfunding in Canada

Is crowdfunding for you? Read below to find out! The pursuit of creating your own business, nurturing it, and watching as it grows into a successful organization, is perhaps one of the most commonly held career goals amongst many Canadians, and is by in large, the most difficult to accomplish. While there are a multitude … Continue reading

Top 3 Reasons To Hire a Bookkeeper Watch Video

Bookkeeping plays a vital role in a successful business.

Organize Your Finances through Wave Accounting

As a small business owner, you always have countless to-dos on your plate. Unfortunately, sometimes critical tasks like accounting end up getting neglected — leading to a mad dash come tax time. Fortunately, with new apps in the marketplace, like the free accounting and invoicing app Wave, you don’t need to devote hours to staying … Continue reading

How to Use Video Marketing for your Business

In this video, Allan Madan shares his experience on how to use informational base videos to market your business. Madan Chartered Accountant has over 100 informational based videos on various tax and accounting topics. These videos have generated over 200,000 views and have increased Madan Chartered Accountant’s online exposure. Marketing today has gradually shifted onto … Continue reading

Constructing your Global Business Empire

Breaking down global barriers As stated on Entrepreneur.com, before you branch out globally, you need to be certain the countries you are targeting are interested in your products/services. You’ll need a good understanding of the different cultures and your target market in each location. Of course, if you can offer a completely brand new product/service … Continue reading

Should I use an Accountant or Tax Software?

As we advance technologically into the millennium era, we have become more and more dependent on technology as a channel to accomplish things in our life. The ever so growing trend is encouraging families and individuals to steer away from human interaction and look towards technological alternatives. This can be seen in the world of … Continue reading

Accounting Services for Various Company Sectors

Accounting is the broad term related to each and every monetary sector (public or private) which measures, processes as well as communicates the financial information about economic entities. It is generally known as “language of business” that measures result of an organization’s economic activities for conveying the information to various users like investors, managers, creditors, … Continue reading

I want to perform bookkeeping for my small business. What do you recommend me to use?

Answer: Wave Accounting is a free online-based accounting software that is available to all. It is simple to use and is aimed at small business owners. You can register here.

Should I use Wave Accounting for my bookkeeping needs?

If you’re an independent contractor, IT consultant, or small business owner, then Wave Accounting is sufficient for your needs. It’s able to generate all of the financial reports required by your accountant and has the necessary tax codes such as HST. If you have multiple employees, a large customer base, or a lot of vendors, … Continue reading

Mobile Accounting Apps for Small Businesses Watch Video

Businesses and consumers are rapidly adopting the use of mobile phones and apps in their everyday lives.

Why You Should Not Outsource Business Accounting Services in Mississauga / Toronto

Today, companies are outsourcing to lower cost countries such as India and China. The question is: “Should your Company outsource business accounting services?” Argument for Outsourcing Business Accounting Services in Mississauga or Toronto The argument for outsourcing business accounting services is that it is less expensive to perform these services in Indian and China than … Continue reading

Ten Ways A Chartered Accountant Can Hurt Your Business / or Lose Your Money

Just like a bad investment advisor can hurt your stock portfolio, an inexperienced Chartered Accountant can hurt your business or lose your money. How do you know if you’re safe?To help you answer this question, I’ve compiled a list of “10 Ways a Chartered Accountant Can Hurt Your Business or Lose Your Money.” This article … Continue reading

How to Prepare Financial Statements Watch Video

In this article called, “How to Prepare Financial Statements”,

The Best Financial Stress Relieving Strategies by Allan Madan Watch Video

Being self-employed can be great. You can have the opportunity to work from home, create your own success

Tag: accounting and management