Entries by Vazken Izakel

Want to protect your bottom line? Beware online banking

When it was first introduced, online banking was seen as a boon for small and medium-sized businesses. It saved business owners time, money and the stress of having to visit a bank branch to conduct transactions. For that matter, cloud-based accounting software-as-a-service products that allow entrepreneurs to manage billing, bookkeeping and account balancing from anywhere […]

Did you know? Wire transfers carry a risk of theft

Entrepreneurs, did you know that the movement of funds through wire transfers is susceptible to theft? How the robbery takes place – It starts when a company receives an email from a supplier requesting funds to be transferred to another bank. This request appears to be unusual, which prompts the company to request a confirmation […]

Tax benefits abound when entrepreneurs make charitable donations

Canadian entrepreneurs make millions of dollars in donations to a wide range of charitable organizations each year. What many don’t realize is that giving back can have some very positive tax implications. But before we get into the details, let’s examine a few interesting facts. Did you know that according to the Canada Revenue Agency […]