EBITDA- Earnings Before Interest, Tax, Depreciation, and Amortization.
In the intricate business landscape, making well-informed decisions relies on understanding important financial measurements. One such measurement is EBITDA, which stands for Earnings Before Interest, Tax, Depreciation, and Amortization. This metric holds importance for all businesses.
What a Restaurant owner is looking for from an Accountant? | Restaurant Accounting in Canada
Restaurant Accounting specialized yet vital service extends beyond number crunching for eateries. It ensures that while chefs devote their attention to perfecting their dishes the financial well-being of the establishment remains strong and compliant. Every misplaced receipt, transaction, or missed tax deadline can potentially spell disaster for a restaurant’s success—regardless of how popular it may be or how rave reviews it receives.
A Comprehensive Guide to Filing Your Tax Return as a Salaried Employee
A Comprehensive Guide to Filing Your Tax Return as a Salaried Employee As a salaried employee, tax return filing can seem overwhelming and complicated. However, it is crucial to understand the process and fulfill your responsibility as a citizen. By accurately and timely filing your tax return. You not only comply with the law but […]
Common Tax Deductions for Small Businesses in 2023: What You Need to Know
Common Tax Deductions for Small Businesses in 2023: What You Need to Know If you are a small business owner, your business gains are subject to government taxes. Businesses must have an understanding of tax and tax deductions in their field. There are some common tax deductions for small businesses that can reduce the tax […]
Maximizing Tax Savings for Small Businesses: How TFSA Can Help
Maximizing Tax Savings for Small Businesses: How TFSA Can Help? A Tax-Free Savings Account (TFSA) is an investment account that allows Canadians to save money tax-free. These were introduced in Canada in 2009 as a way for individuals to save for their future without being taxed on the growth of their investments. However, TFSAs are […]
Outsourcing Tax Services: Is it Worth it for Small Businesses?
Outsourcing Tax Services: Is it Worth it for Small Businesses? As a small business owner, you’re a jack of all trades – juggling multiple tasks. You are running your operations and staying up to date with recent trends in your industry. There comes one more important and complex activity where you must be bogged down, […]
Accounting and Bookkeeping Services For Small Businesses
Accounting and Bookkeeping Services For Small Businesses Accounting and bookkeeping services for small business are essential functions businesses need to keep track of their financial transactions. It also helps in preparing reports and ensuring compliance with tax laws and regulations. A report by IBISWorld says that these services are really important and worth $650.3 billion in 2021. […]
What is revenue leakage? How do business advisory services help businesses prevent revenue leakage?
Revenue Leakage Revenue Leakage is the unexpected loss of revenue from your business that hinders its expansion and profit margin. When businesses fail to investigate the sources of revenue leakage, it has a significant impact on their operations. It is an unintentional loss that happens without the knowledge of business owners or drivers. This leakage […]
The Role of Business Advisors | Business Advisors Types | Which One Do You Need?
Business Advisors Business advisors helps businesses improve their planning and execution strategies is an expert in market research. They are professionals who provide advice and guidance to business professionals and entrepreneurs. They can help you develop the best strategy for your business and help it grow. Business advisors analyze financial records and assist in preparing […]
Will the Recession in 2023 affect Small Businesses in India?
According to a recent report by Bloomberg, the chance of an Asian recession is up to 20%–25%. The recession in Sri Lanka is at 85 %. The United States will face a 40% chance of recession by next year. Few other nations, like Australia and New Zealand, also have the probability of facing a 20% and 35% recession, respectively.
Before moving further, let’s have a quick go-through of what exactly a recession is.