An income statement is one of the many financial tools that Canadian entrepreneurs can use to measure profitability. Learn how to use an income statement to evaluate your business’ sustainability. What is an income statement? A calculation of a company’s revenue and sales less its expenses over a designated period of time. What profitability measurements
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I studied at Brock University for 4 years in the Bachelor of Accounting program, but it wasn’t until I worked at HSS that I learned about what actually goes on in an accounting firm. In school, we were obsessed with audits. We glazed over the terms “review engagement” and “compilations”, but we had 3 courses
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Whether you’re self employed or running a million dollar company, everyone in Canada has to declare their taxes. The business tax reporting process is intricate, and if not done correctly can lead to problems, tax audits being one of them. We’ve compiled some common reasons for business tax audits in Canada and combined them into this beautiful infographic. Red
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