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Showing posts from October, 2021

Why You Must Never Keep Financial Planning Aside From Your Company

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Planning is essential for everything, especially when it is about the successful operation of your business. All through the year there’re different type of plans prepared to keep the business functioning smoothly, but the most vital plan of all is to have the appropriate financial planning strategies in place which can also aid you accomplish your long-term business objectives. Weak financial planning only bring disastrous results to your business. It can lead to financial issues in your business & can have an impact on the overall growth of it. Moreover, your dreams of accomplishments can’t be obtained in the event a monetary crisis happens in the industry. Listed below are the top 5 reasons why you must never keep financial planning aside from your corporation! Budgeting & business planning: A prosperous business invests time to make budget, as well as reassess business plans. It also encompasses regularly checking performance & finance. With structured ...

How Small Business in Canada Can Take Advantage Of Health Spending Accounts

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 A Health Spending Account (HSA) is an affordable and unique way for Canadian small business owners to reduce their medical expenses. Please keep reading if you’re wondering “How does a Health Spending Account work for small business?” What’s a Health Spending Account? A HSA is an affordable alternative to conventional health insurance. In simple terms, health & dental benefits provided via this plan are 100 percent tax deductible to the employer and obtained 100 percent tax free by the employee. There’re no premiums, deductibles, hidden fees, or complicated policies.  How Does A HSA work? A HSA can be reckoned from two different point of views: as a small business owner with workforce (arm’s length employees) where you’re giving a worker benefit or as an incorporated individual where you’re paying for your personal medical expenditures. For an explanation of each perspective see below. A business with arm’s length employees: Do you own a small business...