Salary versus Dividends
Salary versus Dividends: How should you pay yourself? We, at Associated Senior Executive, often have clients ask whether they should take their wages as a salary or dividends. As a business owner of an incorporated business, you can derive your income from either salary or dividends or from both. What are the differences between dividend […]
What will be the new reality?
‘WHAT WILL BE THE NEW REALITY?’ In this Covid -19 environment we are sure we have all have talked about what will be the ‘new normal’ [over Zoom no doubt]. No one of us can predict or assume what the new reality will be but, for certain, there will be a new reality. For business […]
Looking forward after Covid19 – New strategy?
Looking Forward After Covid-19 (ASE NEWSLETTER MAY 2020) A New Business Strategy? Associated Senior Executives has a range of clientele from the sole entrepreneur to business owners and many with numerous employees. Although this material may be more for businesses with a number of employees, these same issues can be applied to big and small businesses in […]
COVID-19: How to Cope Through These Tough Times?
COVID-19: How to Cope Through These Tough Times? …Indeed these are rough times for businesses. It is distressing to see this climate of uncertainty. It is distressing to see this climate of uncertainty. In these unprecedented times it is essential that we take care of our health and that of our family. Only then can […]
Value of seeking experienced mentors
Small Business and the 21st Century ……. business Face to Face Value of seeking experienced mentors There is an incredible paradox about the small business environment looking into 2020. In the past 20 years or so, much of the personal contact a business owner had with customers, suppliers or other businesses, has moved from ‘face to […]
Tax Time
Important 2019 Tax Reporting Deadlines for Business Owners March 2/20 RRSP Deadline for 2019 taxation year. If you have employees contributing to a Group RRSP Plan any contributions made in the first 60 days of 2020 must be reported as such. (This allows the employee to choose which year he/she would like to apply the deduction). […]
Common issues that plague businesses
WHAT ARE COMMON ISSUES FACING SMALL BUSINESS OWNERS…? What do small business owners have to say are the hardest areas of being an owner-entrepreneur? The number of hours that has to be put in, to get the business moving forward [especially on start-up]. ‘Working in the business and on the business.’ Not having time to […]
Happy Holidays and setting business goals for 2020
HAPPY HOLIDAYS AND A VERY HAPPY, HEALTHY AND PROSPEROUS NEW YEAR!! SETTING BUSINESS GOALS FOR 2020: A WORKSHEET LOOKING BACK: Typically this time of year lends itself to a ‘winding down’ period as businesses and individuals turn their focus to ‘wrapping’ things up for the year (gifts AS WELL AS…outstanding business commitments); it is a […]
Making a difference
On the 9th of October, I had the privilege of addressing a group of some 20 immigrant business startups. This event, like so many others held for newcomers to Canada, was held by ‘Job Skills’, Markham. ‘Job Skills’ coaches, prepares and connects newcomers to job and business opportunities I acknowledge, with thanks, that this two […]
The Benefits of an Advisory Board
Are you making the right decisions for your business? Are you on the most profitable path? What are your best options for success? What are your negative choices? Being in business can be lonely and exhausting. This is where a board of advisers not only becomes helpful but may be an essential part of the […]