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Business Acumen

Cash Flow Management for Small Businesses

Cash flow is the lifeblood of any successful business. It sustains daily operations, fuels growth, and helps navigate market highs and lows. If you are not actively managing cash flow, you might be exposing your business to unnecessary risk. In today’s highly competitive business environment, with its tight margins and unforeseeable market disruptions, effective cash flow management can be the difference between success and failure. Read the full article to learn more.

NVS Professional Corporation November 18, 2024

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Accountancy

Death and Taxes – Estate Planning Canada

Whether you’re 30 or 70, estate planning should be a critical part of your long-term financial strategy. A well-structured estate plan ensures your loved ones receive the maximum benefits from your assets while minimizing their tax liabilities. The key is understanding how wealth is taxed upon death and using the various tools available to protect your estate. Comprehensive plans should employ a combination of strategies, from spousal rollover to the establishment of trusts. To learn more about developing a tax-efficient estate plan that preserves your legacy, read the full article now.

NVS Professional Corporation August 29, 2024

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Advisory

Key Performance Indicators – Setting Your Business up for Success

In the modern digital world, data is power. Businesses that know how to use it hold the cheat sheet for sustained growth and long-term success. That’s where Key Performance Indicators (KPIs) come in. KPIs assess how effectively a company achieves its goals. They transform raw data into actionable insights essential for informed decision-making. By tracking KPIs, companies can identify trends, forecast future performance, and benchmark against competitors, ensuring that every step taken is a step forward. To learn more about KPIs and how to select the right ones for your enterprise, check out the full article here.

NVS Professional Corporation August 22, 2024

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Accountancy

Buying or Selling a Business – Quality of Earnings Reports

In mergers and acquisitions, obtaining a detailed Quality of Earnings (QoE) report is the cornerstone of effective due diligence. QoE reports focus on the accuracy, sustainability and predictability of earnings. They don’t just examine revenue, cash flow and profit margins, they review assets, working capital, debt structures, accounting policies and financial controls. Through expert analysis, QoE reports assess past performance and future projections while uncovering potential risks and opportunities that may not be apparent from standard financial statements alone. Read to full article to learn more about this crucial document.

NVS Professional Corporation August 14, 2024

Advisory

5 Tax-Efficient Ways to Withdraw Money From Your Corporation

What is the most tax-efficient way to withdraw money from a corporation? It’s a straightforward question with a not-so-simple answer. From salary vs dividends to shareholder loans and capital dividend accounts, there are many ways to structure your withdrawals. Our latest article takes a look at some of the most commonly used methods and discusses the tax implications of each.

NVS Professional Corporation June 21, 2024

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Advisory

SR&ED Tax Incentives – A Comprehensive Guide

The SR&ED program provides more than $3 billion in tax incentives to Canadian businesses annually. You don’t need to be a mega corporation with dedicated R&D facilities to apply. Innovating companies from any sector can carry out work that is eligible, with roughly 75% of the funds going to small businesses. Read our essential guide to learn more about these powerful tax incentives and how they can help your company drive growth and innovation.

NVS Professional Corporation May 30, 2024

Tag: Featured

Cash Flow Management for Small Businesses

Death and Taxes – Estate Planning Canada

Key Performance Indicators – Setting Your Business up for Success

Buying or Selling a Business – Quality of Earnings Reports

5 Tax-Efficient Ways to Withdraw Money From Your Corporation

SR&ED Tax Incentives – A Comprehensive Guide

Featured Articles

Cash Flow Management for Small Businesses

Death and Taxes – Estate Planning Canada

Key Performance Indicators – Setting Your Business up for Success

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