Resource

If you are carrying on a business or engaged in a commercial activity in Canada, you are required by law to keep adequate records.

Always get receipts or other vouchers when you buy something for your business.

Gross income is your total income before you deduct the cost of goods sold and expenses.

Approaching a bank or other private lenders for a loan can be a complex process, but knowing what bankers are looking for can help you successfully secure financing.

Are you wondering how you can guard your business against theft? There are steps you can take to protect your assets and minimize opportunities for both internal and external theft.

Do you have an action plan in place to keep your business secure and protect it from fraud? Security is a key issue today as many business owners are increasing their transactions over the Internet. Make sure your business can detect and avoid fraud and security risks before they happen.

Effectively managing your business' finances is critical to your long term success. Good budgeting and financial forecasting skills can help you control your business' financial health.

You can also tailor reliable, off-the-shelf human resources tools. Choosing the best technologies, however, is not easy; consider this as carefully as you would any other process implementation. Look for affordable solutions to manage different functions.

The responsibilities of payroll, benefit plans and other human resources issues can take a lot of time, often to the detriment of your customers and your bottom line. You may be able to reduce this burden by hiring outside companies to handle some or all of your human resources functions, or by automating the internal processes you already have in place.

Introducing organizational change, such as the implementation of online human resources tools, can be a difficult task. Employees who are unable or unwilling to make the transition to a new way of working can be more of an impediment to change than faulty technical installations or poor supplier relationships. How can you help your employees adapt?