Monthly Archives: December 2012

Merry Christmas & Happy Holidays

Where does the time go? Every year we seem to find ourselves asking that same question around this time. Time flies when you’re having fun!

This is the final post for the year and I wanted to use it to thank you all.

Thank you to all my readers, clients, friends, family and colleagues at BDO. It has been another great year and thank you for the continued support and readership. It’s because of all of you that Business Growth Strategies has seen such tremendous growth this year and I look forward to helping you all do the same in… Continue reading

Is Canada’s Real Estate Market In Trouble?

real estate investingCanada is a big country. One of the things I have always said when looking at purchasing real estate is to pick your area and pick it for the right reasons. Do I believe there are areas in Canada that are prone to issues or that I might personally have issues with? Absolutely.

Not everywhere in the country is going to offer lukewarm investment opportunities, even during a recession – you just have to dig a little deeper to find them.

There are certainly areas of concern for real estate investing within Canada but everyone has their own reasons for… Continue reading

How Much Should You Being Paying Yourself?

kelowna accountantsWhen running a business, it’s natural to want to do everything the “right” way the including figuring out how much you should be paying yourself as the business owner. Kelowna accountants are not unique when it comes to being inundated with this same question from long time business owners and startups:

How much should entrepreneurs pay themselves?

When somebody asks me this question, the short and easy answer I always give is, you can’t take out more than the company makes because you are going to kill the business. In the long run, a business will always fail if too… Continue reading

4 Important Tax Tips To Handle Before New Year’s Eve

tax tipsWhether it is personal or for a corporation, you’re coming up to a specific date that (for tax purposes) makes a difference. It’s wise to be aware of how investments and purchases around this time can affect your bottom line so you can make the right decisions at the right time.

Pay attention to these four year-end tax tips and spare yourself the feeling of wishing you had acted when the time was right. After December 31, there is no going back.

 

1. Review Your Investments

tax tips

The first thing you have to do is you have to look at… Continue reading

What Would The Dragon’s Den Say About Your Business?

kelowna accountantIf you watch shows like Dragon’s Den and Shark Tank, then you will agree that those guys can be brutally honest when somebody comes in with a plan or a project that really needs to be shelved. Despite this, using their approach can often help you in tough times.

The best way to learn how to build your business is to talk to people in business.  Entrepreneurs tend to be too close to their project and definitely emotionally attached. If your business is starting to fail, the odds are you don’t recognize it or you simply don’t want to… Continue reading

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