5 Ways to Improve Your Small Business’s Cash Flow

A Calgary business owner cannot survive without adequate cash flow, even if it makes a profit at the end of the year. Almost 50 percent of small businesses are affected by occasional cash flow problems, while a further 20 percent have a continuing problem with cash flow, according to a report released by American Express Read More

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By |December 19th, 2014|SmallBiz Builder|

Working From Home – A Smart Move For Calgary Entrepreneurs?

Should you launch your new business from your coffee table, or is your startup money better spent by renting office space somewhere in Calgary?

Working from home can be detrimental or beneficial to your budding business. It all depends on the type of business you plan on running, not to mention your lifestyle goals. Here are Read More

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By |December 4th, 2014|SmallBiz Builder|

Tax Rules Around Christmas Bonuses

Are you considering doing something special for your employees over Christmas?  If so, pay attention to what you actually do as it could end up costing your employee money.  Some typical Christmas gifts or bonuses need to be declared as taxable income by the employee.

First, here is a typical rule of thumb on what’s taxable Read More

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By |November 10th, 2014|SmallBiz Builder|

Filing Your Annual Returns

Every corporation incorporated under the Alberta Business Corporations Act, Small businesses to large corporations, are required to file an Annual Return to maintain their status as a legal entity.

NOTE: This is not to be confused with the Corporate Tax Return.

Annual Returns

Corporations must submit an Annual Return each year
The Annual Return contains information about Read More

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By |October 14th, 2014|SmallBiz Builder|

How to Improve a Flagging Small Business

According to an Industry Canada study, the main reason small businesses fail is inexperienced management. About half of all businesses fail within their first five years. Fortunately, many of these failures are preventable. Here are some things that Calgary small business owners can do to turn a business around and save it from closure.

Finding the Problem

Find out Read More

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By |September 26th, 2014|Small Business Tips, SmallBiz Builder|

Benefits and Risks of Using Credit Cards to Fund Your Small Business

Finding financing for your small business can be a horrific challenge. Without significant cash flow or assets, banks and investors are usually not interested in giving you money. Credit cards can provide a quick and easy way to purchase the things you need to grow your business in Calgary.
There are several advantages to using credit Read More

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By |September 10th, 2014|SmallBiz Builder|

4 Ways To Reduce Your Small Business Expenses

One of the best ways to improve your small business’s profitability is to decrease expenses. It is important that you keep your expenses at a minimum to maximize efficiency. Thankfully, this is an aspect of your business where you have control. Here are four simple ways to cut back on your business expenditure.
Office supplies
Businesses spend Read More

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By |August 12th, 2014|SmallBiz Builder|

The 5 Most Dangerous Mistakes New Businesses Make

Did you know that the majority of new Calgary small businesses will never turn a profit? Rather than being discouraged by this fact, you should take the opportunity to learn from the mistakes of others. By avoiding mistakes that are commonly made by new business owners, you can ensure that your business will be one Read More

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By |July 4th, 2014|Small Business Tips, SmallBiz Builder|

7 Ways to Raise Start-Up Capital to Launch a Small Business

The most challenging part of starting a business is figuring out how to find the funding required to get started. Yet, despite the challenges thousands of people jump into their own enterprise ventures every year.

Many small business owners choose to start small, paying only for what they can afford in an effort to get started. Read More

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By |June 9th, 2014|SmallBiz Builder|

2014 Minimum Wage Changes

In case you have employees in other provinces, these changes may affect your business. It is also interesting to see that Alberta continues to have one of the lowest minimum wages in the country.

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By |May 6th, 2014|SmallBiz Builder|