Pi Business News

The latest news and updates from the Pi Business Solutions offices.
How to save thousands in GST/HST remittances

How to save thousands in GST/HST remittances

When we meet new clients, one of the most common places we can help them save money right away is with GST/HST. Many companies are filing more often than they need to be and are therefore often paying unnecessary late-filing penalties. Or else they are paying their bookkeeper every quarter …

read more
Everyone Pays Taxes Even Canada’s Olympic Medalists

Everyone Pays Taxes Even Canada’s Olympic Medalists

According to Canadian tax laws, cash prizes awarded to Olympic medalist is taxable. Olympic cash prizes range from $10,000 to $20,000 per member of the winning team. Taxes are inevitable, make sure you are not caught off guard – plan accordingly so that you can keep more of it.

read more
How Much Tax Are You Really Paying?

How Much Tax Are You Really Paying?

The Fraser Institute and the Canadian Taxpayers’ Federation (CTF) reports that 42% of an average Canadian family income goes towards taxes. Taxes which are obvious and hidden. Making sure to responsibly minimize your obvious taxes is something you need to figure out whether on your own or by a professional. …

read more
Why Everyone Should Not Agree

Why Everyone Should Not Agree

People make your company in a large or small business. Discouraging opposing views and ideas can be a dangerous road. No one person can have all the answers including the founder of a company. Find out why you need these type of people and how they set the company up …

read more
A Simple and Effective Way to be More Productive

A Simple and Effective Way to be More Productive

Time is a non-renewable resource. This becomes very real very fast in the life of an entrepreneur. “Thinking outside of the box” is what gives entrepreneurs the creativity needed to innovate and become better faster. With what feels like a million things to do on your list finding a structured …

read more
Entrepreneurship and Uncertainty

Entrepreneurship and Uncertainty

Life is full of uncertainty especially running a small business. Learning to handle that well lays the foundation of success. When trying something new and stretching yourself means leaving behind what is familiar, comfortable and predictable. Find out how other successful entrepreneurs cope with uncertainty. http://www.forbes.com/sites/ashoka/2012/10/23/how-entrepreneurs-cope-with-uncertainty/#7a3d44704b85

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Events Going On Around Town

Events Going On Around Town

Being an entrepreneur can often feel like a constant juggle of priorities with only so much time to go around. And one very important area of your life is managing family time. If you are looking to catch-up on some much needed family time, you may want to check-out these …

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Reap the Benefits of Regularly Praising your Employees

Reap the Benefits of Regularly Praising your Employees

Do you avoid giving praise to your employees? Do you believe that doing so will negatively impact their productivity? You may want to review that practice as research shows pride contributes greatly to perseverance and doing a job well done. https://hbr.org/2016/08/the-connection-between-pride-and-persistence

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Social Capital

Social Capital

As Canadians, we are fortunate to live in one of the wealthiest countries in the world. A recent study found that three of the world’s five most “liveable” cities are in Canada. However, with that advantage comes the opportunity to share with those who don’t have as much. We all …

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7 Ways to be Noticed by the CRA

7 Ways to be Noticed by the CRA

This is definitely one of the times to not stand out and be noticed. Below are some common red flags made by Canadians time and time again. 7 Ways to Draw More Scrutiny From the CRA: Not reporting all your income. Not only will you get reassessed but also potentially …

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Alberta’s Economy: A New Hope on the Horizon?

Alberta’s Economy: A New Hope on the Horizon?

Some may venture to say we are at the bottom of the cycle. Challenging times demand a tough mindset. According to Alberta Venture, having a diverse economy than that of the 80’s and the predicted rise in oil prices all contribute to new beginnings for Alberta once again.

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Top 5 Worst Tax Expenses Claimed

Top 5 Worst Tax Expenses Claimed

Doing your taxes, business or personal, can lead to some late nights and can quickly become overwhelming. If you find yourself rationalizing these type of far fetched claims below, you may want to call an accountant to help you find another way to minimize your taxes. From mydesk.com, below is …

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Are You Being Audited?

Are You Being Audited?

Audit is a word that tends to scare people with the dreaded expectation of being under the microscope costing you time and money. Learn how the audit process works, how to prepare for and maybe clear up some common misconceptions. And if you still feel uneasy about your audit book …

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How to save thousands in GST/HST remittances

How to save thousands in GST/HST remittances

When we meet new clients, one of the most common places we can help them save money right away is with GST/HST. Many companies are filing more often than they need to be and are therefore often paying unnecessary late-filing penalties. Or else they are paying their bookkeeper every quarter …

read more
Everyone Pays Taxes Even Canada’s Olympic Medalists

Everyone Pays Taxes Even Canada’s Olympic Medalists

According to Canadian tax laws, cash prizes awarded to Olympic medalist is taxable. Olympic cash prizes range from $10,000 to $20,000 per member of the winning team. Taxes are inevitable, make sure you are not caught off guard – plan accordingly so that you can keep more of it.

read more
How Much Tax Are You Really Paying?

How Much Tax Are You Really Paying?

The Fraser Institute and the Canadian Taxpayers’ Federation (CTF) reports that 42% of an average Canadian family income goes towards taxes. Taxes which are obvious and hidden. Making sure to responsibly minimize your obvious taxes is something you need to figure out whether on your own or by a professional. …

read more
Why Everyone Should Not Agree

Why Everyone Should Not Agree

People make your company in a large or small business. Discouraging opposing views and ideas can be a dangerous road. No one person can have all the answers including the founder of a company. Find out why you need these type of people and how they set the company up …

read more
A Simple and Effective Way to be More Productive

A Simple and Effective Way to be More Productive

Time is a non-renewable resource. This becomes very real very fast in the life of an entrepreneur. “Thinking outside of the box” is what gives entrepreneurs the creativity needed to innovate and become better faster. With what feels like a million things to do on your list finding a structured …

read more
Entrepreneurship and Uncertainty

Entrepreneurship and Uncertainty

Life is full of uncertainty especially running a small business. Learning to handle that well lays the foundation of success. When trying something new and stretching yourself means leaving behind what is familiar, comfortable and predictable. Find out how other successful entrepreneurs cope with uncertainty. http://www.forbes.com/sites/ashoka/2012/10/23/how-entrepreneurs-cope-with-uncertainty/#7a3d44704b85

read more