March 2015 4
For many small business owners across Canada, calculating payroll isn’t just a tired chore. It can be a nightmare. Especially for small business owners who have little to no experience with processing payroll, the task can be overwhelming. Businesses that are too small to have their own human resources/payroll department often find themselves out of luck when it comes to filling out the daunting tax and payroll forms that require articulate attention to detail and financial knowledge. Canada has 190 laws alone regulating payroll processing. Employee payroll deductions and other tasks can lead to a considerable amount of trouble if even one small mistake is made.
Due to the inexperience of many a business owner in (more…)
Ever since the first fully electronic money counter machines came out in 1980, businesses, banks, governments alike have reaped its many benefits. The amount of time and resources alone saved by currency counter machines is enormous. Before these machines were invented, bills and coins had to, for the most part, be counted by hand. Depending on the amount, it could take several people and two or three attempts before the money could be accurately accounted for, and even then the risk of human error was always a factor. Currency sorting machines have changed all that.
In addition to processing bills and coins, these machin (more…)
Although counting money may not be a problem most people have, it is certainly a huge undertaking for banks, governments, and financial institutions. Counting money by hand is time-consuming, exhausting, and arduous. Oftentimes, the money is counted two or three times to check for human error. Not only does the count have to be correct, the counters also have to check for counterfeit currency, which, in some ways, is much harder than counting money itself.
Fortunately, money counting machines with high speed scanners offer banks and businesses a new and improved way of counting money. First developed in 1980, currency machines electronically count bills and coins with ease and with 100% accuracy. No (more…)
Calculating payroll is a task every business, large and small, need to do. However, small businesses, unlike larger ones, may not have the resources to hire its own human resources and accounting departments. In addition, small business owners may not have the skills and knowledge necessary to properly handle payroll. Processing payroll is long, arduous, and complex, and one mistake can have dire consequences for the business and everyone in it. Considering Canada has 190 payroll laws on the books, making a mistake isn’t a far-off possibility for those business owners untrained in payrol (more…)
Small business valuations can be tricky to figure out. There are several ways to determine value. The best way to determine the value of a business is heavily influenced by why the valuation is needed. For example, determining value for a business loan is significantly different than determining value for a potential investor. Overall, determining [...]
Decisions regarding property are some of the most important financial decisions that you would ever have to make during your life. Buying a home or refinancing or mortgaging your home can be extremely important financial decisions, especially depending on your financial condition at the time. These are decisions that can have long reaching financial impacts [...]
Do you have a small or medium-sized business? If so, you may be interested in learning about the benefits of using an outsourced payroll provider. If you’re asking the question, “What is payroll services?” then you may not be familiar with all of the services that an outsourced payroll processing firm can provide. One of [...]
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