3 Big Overhead Costs Most Small Businesses Can Live Without
- Written by Intuit
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It’s understandable that you may want to hit the ground running and make your small business grow fast. In your quest to establish your business’ presence, however, don’t sink yourself with unnecessary overhead costs. Many well-intentioned small business owners mistakenly believe they need certain things for their business that simply aren’t necessary.
If you’re trying to keep the margins tight and a vigilant eye on your bottom line, there are ways you can reduce or eliminate certain expensive overhead costs.
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QuickBooks® and Google Sync: Two Great Things That Now Work Great Together
- Written by Intuit
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There is nothing more valuable to a small business owner than time. Spending hours manually entering and categorizing data is not the best way to grow your business, and we know this time could be better spent interacting with customers, mentoring employees, and growing your business. To give you back the gift of time, QuickBooks Online now integrates with Google to seamlessly import your data and help make time-tracking and billing a breeze.
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New B.C. franchise rules offer more protection to franchisees
- Written by Globel and Mail
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British Columbia’s new Franchises Act will come into force on Feb. 1, 2017, making B.C. the sixth Canadian province to regulate the franchise industry in Canada. Franchisors throughout Canada (as well as franchisors from the United States and elsewhere) that operate in the province have four months’ lead time to amend their franchise disclosure documents and sales practices to be in compliance with the new B.C. law.
Although the BC Franchises Act was passed by the legislature in November, 2015, since that time, the provincial government has been developing regulations to deal with those items of disclosure that must be included within a B.C. Franchise Disclosure Document (called an “FDD”). Those regulations have now been approved by Cabinet and are available here.
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Out with the old, in with the new: Four tax tips that are unique to 2016
- Written by Financial Post
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New Year’s Day may be more than two months away, but when it comes to year-end tax planning, you may be slowly running out of time to take advantage of some tax savings opportunities that are only available until Dec. 31, 2016. Here are a few, new tips that are unique to the 2016 year end.
Tax-free rebalancing of corporate class mutual fund investments before Dec. 31 (new for 2016)
Canadian mutual funds can be structured as either trusts or corporations. Many mutual fund corporations are organized as “switch funds” and offer a different type of asset exposure in each fund. Each fund, however, is structured as a separate class of shares within the same mutual fund corporation.
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QuickBooks release notes: September 2016
- Written by Intuit
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Introducing bundles1 for easy grouping of items
A bundle is a group of items that you can sell and track in QuickBooks. For example, you can create a bundle called Garden Fountain Bundle, which consists of items Concrete, Rock Fountain, and Fountain Pump.
Group items you often sell together into bundles so you can easily add multiple items to transactions.
Some other notes about bundles:
- Bundles can have up to 50 items.
- There is no additional markup or change in price for bundles. (Bundles aren’t assemblies.) The price of a bundle = The total price of all its items.
- You can’t track quantity on hand for bundles.
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