Big-Time Money Mistakes Small Business Owners Should Avoid

Unless your last name is Bezos, Buffett, or Gates, you likely won’t have the answers about how to run a successful business, and you’ll have to figure things out the hard way. Fortunately, those who have already been down that road can offer some pieces of advice aimed at steering you clear of some all-too-common Read More

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By |April 15th, 2018|Small Business Tips|

How to Take Charge of Your Personal Finances

Management of your personal finances can be challenging.  However, it is a necessary skill for those whose goal is to live debt-free and acquire wealth. There are specific and necessary steps to follow if financial independence is your goal.
Get Organized
If you are disorganized in your everyday life, you are apt to have difficulty following a Read More

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By |March 15th, 2018|Small Business Tips|

Steps for Managing Financial Hardships and Difficulties

One of the most disruptive things to happen in your life is a financial hardship. These can come in many different forms, like losing your job, poor investments, natural catastrophes and illness. It is important, if you should find yourself in any of these situations, to remain invested in identifying your next steps and making Read More

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By |February 15th, 2018|Small Business Tips|

5 Federal Tax Tips for Retail Businesses

With the recent oil price downturn in Calgary and the increase in labor costs, many businesses are looking for ways to save on their taxes and keep their doors open. Here are five ways that retail business owners can potentially save on income taxes and increase their profitability.
Family Member Worker Expenses
Wages that business owners pay Read More

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By |January 15th, 2018|Small Business Tips, Tax Tips|

Tax Tips for Real Estate Professionals

As a real estate agent, taxes can be one of the biggest challenges you face. Unfortunately, it’s extremely easy to miss out on deductions and thereby add unnecessary overhead to your annual revenues.
3 Tips for Handling Real Estate Agent Taxes
Fortunately, there are three very simple easy tips you can implement right away to save on Read More

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By |December 15th, 2017|Small Business Tips, Tax Tips|

6 Tax Tips for Medical Professionals

Working as a medical professional comes with no shortage of challenges. At Padgett Business Services®, we can’t help you with the day-to-day responsibilities you have to your patients, but we can help give you peace of mind by ensuring your finances and taxes are handled properly.  To this end, we have created this list of Read More

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By |November 15th, 2017|Small Business Tips, Tax Tips|

Small Business Employment Taxes – What You Should Know Before You Hire Your First Employee

Running a successful small business comes with one challenge after another. So it’s a major achievement – and relief – when you can finally hire that first employee and start benefiting from some extra help. Unfortunately, if you don’t understand business employment taxes, this initial hire may turn into a burden.
The 5 Steps to Properly Executing Read More

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By |October 15th, 2017|Small Business Tips|

Self-Employed Tax Tips for Construction Contractors

With the intense physical labor and never-ending headaches, many construction workers would definitely appreciate a long day of rest away from the hustle and bustle of work. Sadly, we can’t lighten your construction work. However, at Padgett Business Services, we can help ease your tax reporting burden. Construction contractors are usually classified as sole proprietors in Read More

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By |September 15th, 2017|Small Business Tips|

Managing Growth in Your Small Business – Four Common Pitfalls to Avoid

The growth phase of a small business is a very delicate time. Small business owners need to manage their growth very carefully to survive and thrive during that time. They need to avoid some common pitfalls.

If your startup business is lucky enough to be successful and reach the all-important growth phase, it is important to Read More

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By |August 15th, 2017|Small Business Tips|

Expense Tracking Tips for Your Home Business

One of the greatest things about owning your own business is it puts you in control of your life. Instead of relying on the boss to give you a raise, you can create your own opportunities by landing new clients and cross-selling different products to your existing base of customers. This level of control is Read More

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By |July 15th, 2017|Small Business Tips|