Cyber attacks on large corporations and government agencies garner headlines, but small businesses are just as vulnerable. Cyber insurance can be an important component of protecting your company. In this post, we discuss what to look for in coverage.
Read MoreIf you own a small business in Canada, one of the important decisions you must make is how to withdraw funds from the company to pay your personal living expenses. The two main options are to give yourself a salary or declare dividends. Or you can do a combination of both. In this post, we’ll consider the pros and cons of each.
Read MoreNobody wants to be in the CRA’s bad books. With pre-authorized tax payments, you can avoid CRA penalties and interest charges.
Read MoreHiring contractors - rather than employees - can save you money and give you more flexibility. However, be careful to follow the CRA rules.
Read MoreHealthy cash flow can be critical to small- and medium-sized businesses. You can ensure that your business is paid promptly by using tools such as Plooto.
Read MoreWhen you outsource your bookkeeping, it’s more than just a load off your mind. You can increase efficiency, save money and grow your profits.
Read MoreStarting a new business? One of the most important and earliest decisions you need to make is how to structure it. This is not as exciting as creating a new product or chatting with potential customers – but it can have a huge impact on your business.
Read MoreThe pandemic has taught business owners that it’s essential to have a risk management plan in place in the event that they have to close their offices. Unfortunately, some companies learned the hard way and lost customers due to being forced to shut down.
Read MoreManaging cash flow is vital to small- and medium-sized businesses. At Scalability, we recommend leveraging technology tools to collect receivables in a timely way and deal with payables efficiently.
Read MoreGone are the days when business owners would stuff their receipts into a box and deal with them at the end of the month. Now you can instantly scan them, upload the data and keep on top of them!
Read MoreQuick-thinking business leaders have kept their companies thriving through work-from-home during the pandemic. Scalability has always supported remote work, with cloud-based bookkeeping services that allow firms to manage their financial data online.
Read MoreOf all the tasks that business owners must manage, payroll can cause the most headaches. A single missed Canada Revenue Agency remittance can spark big financial penalties. That’s why many companies contact Scalability for help.
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