Mark Trimmer

Smart money tips for business owners

By Mark Trimmer / March 2, 2020 / 0 Comments

Small business owners know how important it is to save money. They know that one day that dollar could come in handy, especially during slower times. Saving money is definitely important, but there are also things small business owners can – and should – spend their money on today. It might seem counterproductive to spend […]

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How to choose a financial planner

By Mark Trimmer / March 2, 2020 / 0 Comments

No matter how much money you currently have in the bank, it’s a good idea to consult with a financial planner sooner than later. There’s no better way to start mapping out strategies for investing – and saving – so you can meet your short and long term financial goals. Financial planners are there to […]

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Two important reasons to have an up-to-date will

By Mark Trimmer / March 2, 2020 / 0 Comments

No one really likes talking about their death, which makes updating—or even writing—a will an unpleasant experience. Often, people put off thinking about their will for another day, assuming they have a lot of time to deal with it. Having an updated will, though, is vital for ensuring your wishes are followed after you die. […]

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The three most important financial reports

By Mark Trimmer / March 2, 2020 / 0 Comments

While many small business owners prefer brainstorming new ideas to pouring over financial reports, getting a handle on financial analysis can be remarkably empowering. Taking the time to regularly review financial statements can help you assess and improve current performance, avoid risk and make scalable plans for future growth. Protect your company’s financial health by […]

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Three Ways an Accountant Can Save You Money

By Mark Trimmer / March 2, 2020 / 0 Comments

Many small business owners think they’re saving money by handling their financials themselves. While it’s a real asset to learn bookkeeping basics, cash flow management and your tax obligations, hiring an accountant to oversee your finances has many benefits. Leaving your books to a pro will free up time so you can focus on serving […]

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Insights from your Profit and Loss account

By Mark Trimmer / March 2, 2020 / 0 Comments

Most small business people would agree that their Profit and Loss account (now more correctly called a Statement of Financial Performance) is among the easier – if not the easiest – financial document to understand. It’s typically presented in two parts. The top half of the statement reveals the various sources of income the business […]

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5 Apps for Tracking Small Business Expenses

By Mark Trimmer / March 2, 2020 / 0 Comments

Did you know that 50% of small business expenses are generated on the go? It’s no wonder the majority of expense receipts end up shoved in coat pockets or an old shoebox. In spite of all of the high-tech options out there, 47% of small businesses are still using spreadsheets for expense management, leaving room […]

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Tax Season Tips for Small Business Owners

By Mark Trimmer / March 2, 2020 / 0 Comments

Preparing for tax season is really a year-round endeavor. Tip number one for SMB owners is to update financials on a monthly basis, using a streamlined software or cloud-based system. This way, come tax time, everything you need is all in one place. And well organized SMBs are better positioned to minimize their tax bill […]

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Avoid These 5 Costly Accounting Mistakes

By Mark Trimmer / March 2, 2020 / 0 Comments

A Canadian bank recently surveyed over 500 small business owners about what they love and hate most about owning their own business. Unsurprisingly, flexibility and feeling in control ranked first in the “love” category. Meanwhile, almost 60% said bookkeeping was hands-down their most hated task. Most business owners understand that effective financial management is key […]

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4 questions you should ask your accountant

By Mark Trimmer / March 2, 2020 / 0 Comments

Ideally, you and your accountant are more than just “adviser” and “client”. With your combined skills, expertise, and shared mission to support a thriving business, you’re more like strategic partners. The key to achieving success in any partnership is, of course, strong communication. At your next meeting, be sure to ask your accountant these four […]

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