accountant – VisionSpire

6 Big Mistakes that Small Business Owners Make that Can Lead to Struggle and Failure

Leave a Comment / INSIGHTS Blog / By Linda Spencer

In business, ignorance is not bliss. In the last three years of running my own business consulting practice and 20 years of advising small business owners, I’ve seen a trend of “mistakes” or challenges that small business owners face that cause them to struggle, and can lead to financial failure…these are mistakes I’ve made in …

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Simple Steps to Start Organizing Your Business Finances

Leave a Comment / INSIGHTS Blog / By Linda Spencer

In Canada, the tax filing deadline for self-employed individuals and their spouse is June 15 (but taxes payable are due April 30th). The biggest reason I get for clients deferring to the last minute to file (or filing late) is the lack of organization of their receipts. Here are some tips to get you organized and tracking …

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So you missed the tax filing deadline, now what?

Leave a Comment / INSIGHTS Blog / By Linda Spencer

April 30 has come and gone, and we accountants have survived another personal tax season in Canada. But we’re not done yet – the deadline for self-employed individuals is June 15, and some other taxpayers may not have been concerned about meeting the April 30th deadline. Taxpayer: I know I’m getting a refund (or don’t …

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Play a Game with Money

Leave a Comment / INSIGHTS Blog, Uncategorized / By Linda Spencer

Do you regularly track your money coming in? Do you track it daily? What patterns do you see? Perhaps those patterns gave you the impression that Money is a bit elusive. Well, if you are the least bit competitive, you could play a game with Money. Here are some games or challenges you can play …

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Charge What You’re Worth

Leave a Comment / INSIGHTS Blog / By Linda Spencer

Why is it that women especially have a difficult time appreciating and owning the value they bring to the table – both in business and in the workplace? A lot of it has to do with how society has taught us…we’re making progress, but we still have a long way to go. And I’m happy to …

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How Farming Prepared Me for Entrepreneurship

Leave a Comment / INSIGHTS Blog / By Linda Spencer

I spent the first 19 years of my life on a beef farm with my loving parents and 3 younger siblings in the Eastern Townships (QC). It was a lot of hard work (and hardship) and simply our way of life. Never once did I think of it as a business, with plans and strategies, …

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Getting Comfortable with Money

Leave a Comment / INSIGHTS Blog / By Linda Spencer

The more comfortable you get with Money, the more you empower yourself. I hear many people say they don’t pay attention to their finances because it stresses them out (likely a huge factor behind today’s low financial literacy rates). One of the reasons for this stress is that they don’t know what to look at …

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Are You Ready For a Tax Audit?

Leave a Comment / INSIGHTS Blog / By Linda Spencer

Are you at risk? The Canada Revenue Agency (CRA) continues to audit the following key areas, as these areas seem to be the ones of greatest error or non-compliance by small and medium sized businesses: Denied expenses – CRA denies unsupported and non-deductible expenses. It is important to have proper and adequate documentation to support …

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Gearing up for Tax Season

Leave a Comment / INSIGHTS Blog / By Linda Spencer

It’s that time of year again – Tax Season, and while some people are eager to get their taxes done early, many stress and wait until the last minute (or later) to get their tax return filed. So, how can you better prepare yourself for this coming tax season? Be aware of the changes in tax …

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12 Ways to Optimize Your Cash Flows and Taxes Before the Year is Through

Leave a Comment / INSIGHTS Blog / By Linda Spencer

Most entrepreneurs aren’t thinking about their 2016 taxes this month, but they should be…there are some things you need to do before December 31 to take advantage of certain deductions and tax credits for your 2016 tax return. And, it’s also a good time to have a boost in your cash flows. Here are 12 …

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