Monthly Archives: March 2013

How to organize your bookkeeping?

If you just opened a business or you intend to open one it is important to have control of your papers. The invoices issued and the receipts for service of goods purchased should all be kept because these are the things which will determine your income tax. If you are an organized person probably you will

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Overcoming your fear of sales

1. SELF-TALK: Recent studies show that over 70% of what we say to ourselves in our minds is negative. Replace this with positive affirmations. Example: When approaching someone about your product or service, you might think the following or some variation of it- “I’m doing this person a favour. I’m spending my time, money, educational

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Time Management And The Clutter In Your Life

What is Time Management really? Why do people keep harping on about this and Managers throw these words around like confetti when they want you to get organized and be more productive? Never before in our history has Time Management been so needed as much as today. We live in a fast paced world with information

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Personal Tax Credits

Personal Tax Credits 2012   Federal Ontario Basic 10,822 9,405 Spouse or eligible dependent – reduced by net income over $0 (federally) – reduced by net income over $798 (provincially) 10,822 7,986 Dependent child under 18 years of age – reduced by the net  income over $0 (federally) – reduced by net income over $798 (provincially)

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Sole proprietorship or Corporation? (Part I)

I was asked this question many times. What is the best form to do business? The answer is that there are advantages and disadvantages of both: 1. Sole proprietorship is taxed at the personal level. This means that all your income is added together with your net income (profit) from sole proprietorship and taxed for the corresponding

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