James D. Peros C.A. C.P.A

Moving Your Business If you need to move your business, think long and plan carefully. Common Reasons to Move The reasons for moving a business are usually based on: •  labour issues — you need different skills than are available locally •  new markets — you are no longer near your primary markets  * outdated facilities — current facilities are small and equipment is old  * lower operating costs — municipal taxes, energy costs, etc. are rising  * quality of life — the local economy, culture, environment are changing Location, Location, Location Take your time before deciding. Do not focus too narrowly on one or two cost factors. Analyze the importance of your present location to the overall success of your business. Examine the relation between your present location and your historical growth, workforce skills, distribution network, suppliers, current market penetration and potential for growth. If you have problems, is moving th...

Multifunction Printers  Some printers can do it all. If your business printers are approaching the end of their life cycle and are due to be replaced, you may wish to consider multifunction printers (MFP) as a versatile, affordable alternative for small business. Beyond Printing Simply put, printers are devices we use to turn digital documents into paper ones. In a modern office, the printer likely does not stand alone: photocopiers, scanners and fax machines are the other common tools we use every day. But why is it necessary to own several separate devices when it is possible to have all these features in one device? The multifunction printer (MFP) is a jack-of-all-trades document device that does most or all the things a small office needs: print, copy, scan and fax. Every major printer manufacturer now offers MFP products that can print in traditional black and white or colour, using either inkjet or laser technologies. So Many Choices Although an MFP ma...

Virtual Reality Incomplete electronic records are creating difficulties for bookkeepers. A complete record of all transactions is essential not only to keep track of how business resources are used but also because the Canada Revenue Agency (CRA) requires it. Unfortunately, the simplification of many transaction processes has removed important details and is testing the patience of bookkeepers responsible for obtaining, recording, allocating and saving complete document records. Online Information Is Difficult to Gather As more transactions are done online (e.g., “tap and go” or credit/debit card purchases) gathering all the information required for the bookkeeping system is becoming increasingly problematic. Owners and employees need to understand what bookkeepers need and why they insist that appropriate documentation be available. As a start:  1. The CRA and other regulatory bodies need to be able to see the transaction data that supports the calculation o...