Profit & Loss

Understanding Loss Determination

Find out what you should do if you receive a nil assessment from the CRA after reporting an income tax loss, and understand loss determinati

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Profit & Loss

Determine Your Minimum Monthly Profit

Learn the steps involved to determine your business' minimum monthly profit, and review a sample calculation.

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Profit & Loss

Maximizing Profit: Sell Versus Produce Further

Facing a decision whether to sell or produce a good further? Use these three analysis methods to make the right decision.

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Profit & Loss

How to Emphasize Profitability in Your Small Business

Understand the importance of focusing on costs in analyzing profitability and learn how to increase your small business profits.

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Profit & Loss

Minimize Shrinkage by Assigning Protocol for Shipment Distribution

Prevent shrinkage through superior inventory management. Discover how a well-designed shipment distribution protocol can help prevent missin

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Profit & Loss

What Is Net Income?

Net income is the total income after all eligible deductions. Find out what this number indicates and how small businesses in Canada report

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Profit & Loss

Maximizing Profits: How to Appropriately Utilize Leverage

Learn how financial leverage can be a powerful tool for business owners, provided they don't get carried away with debt.

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Profit & Loss

Perform an Annual P&L Review

An annual review of your P&L is a necessary step to measure your business's progress and plan for the year ahead.

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