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5 min read

Staying Afloat & Thriving in a Down Turn

When the future looks uncertain, what can you do to prepare and strengthen your business? Recent times have shown us that the future path of your business can change in an instant – often due to influences that are beyond our own control. The Covid-19 pandemic and the ongoing global...
5 min read

Business Acquisition Expenses – Deductions Allowed

Businesses often incur expenses when acquiring business assets, even if the acquisition is abandoned and does not proceed. A recent review has occurred on the deductibility of these costs. In the past, an expense relating to the purchase of an asset that wasn’t successful could not be claimed as an...
5 min read

Cash is Not Profit and vice versa

The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You change net profit only by changing the things that...