Cash Flow Advice for Small Businesses

Solid cash flow management is vital to ensuring your business survives, but not everyone understands what cash flow is or how to manage it. That’s likely what makes it a leading cause of stress for small business owners. In fact, a Capital One study found that 42% of small business owners say cash flow management is a major concern for them. Cash flow refers to the movement of money into…  Read more

Change to Your Corporate Year End Report

If your corporation ends on or after December 14, 2021, you need to meet a new accounting standard called the Canadian Standard on Related Services (CSRS) 4200. Why the change? It has been 33 years since the standard has been revised. These new Compilation Engagements are designed to ensure you are fully accountable for your financial information and reporting. Also, to ensure the accounting world is standardized with tighter rules.…  Read more

4 Things to Consider Before Expanding Your Service Offerings

If you’re looking to grow your business, you might consider expanding your service offerings. Adding additional services is a good way to increase your profitability, diversify your income and expand your market. But there are important things to consider before adding to your income streams. Here are 4 important things to keep in mind when you consider adding to your services. 1. Does the expansion complement your business? The best…  Read more

Thank you to all of our clients!

We want to extend a warm and heartfelt thank you to all of our wonderful clients. Knowing that you appreciate everything we do means the world to us. Wishing all of you the very best this holiday season!  Read more

4 Tips for Encouraging Repeat Customers

There’s a lot of data supporting the idea that it’s less costly, easier and more efficient to encourage repeat customers than bring in new ones. Among the stats Hubspot lists are that a 5% increase in customer retention is responsible for more than 25% increase in profit; repeat customers are 9 times more likely to convert than first-time visitors; and a 2% increase in customer retention has a similar impact…  Read more

4 Benefits to Hiring a Bookkeeper for Your Business

Bookkeepers can be highly beneficial for businesses of any size. They offer expertise and insight into areas that you may not have experience in. They can also take some tasks off your to-do list, freeing up your time and energy to focus on other matters. Here are 4 benefits to hiring bookkeepers to help you manage your business. Expertise A bookkeeper is an expert at managing, sorting and recording your…  Read more

Happy Holidays from the AoM Team!

Happy Holidays from the Accountants on Main team! We hope your holidays will be filled with joy and laughter through the New Year. Thank you for your continued support and partnership. We look forward to working with you in the years to come. Please note that our office will be closed for the holidays from the end of day on Thursday, December 23, 2021 and will re-open at 9:00 AM…  Read more

4 Reasons Your Business Should Consider Digital Receipts

Receipts are vital to successfully running a business. You need receipts to track your purchases and expenses. Your clients need receipts for their tax purposes and to manage their finances. Paper receipts have been around a long time, so many people are used to them and may even be resistant to moving away from them. Thanks to technology, paper receipts are becoming more a thing of the past. There are…  Read more

How Much Cash Does My Business Need?

Your business needs cash. Cash is what keeps your company in operation and enables it to grow, so you should know how much cash your business needs to survive. Although many people think the answer is linked solely to operating expenses, this isn’t the case. There is no single factor that determines how much cash every business needs to have on hand. Somewhere between 3-6 months of operating expenses is…  Read more

Thank you!

Thank you to our wonderful client for the beautiful gift box. Such a lovely and thoughtful gesture!  Read more

Lest We Forget

This November, Accountants on Main remembers and honors every individual whom has served our country. Lest we forget.  Read more

4 Ideas to Manage Customer Wait Times Without Hiring More People

Balancing customer experience against your budget is a difficult task. You need the right amount of staff working to keep customers happy, but not so many people that workers are standing around looking for things to do. If your customers have long wait times, that’s good news for you initially—it means your business is popular. The bad news is customers won’t wait around forever for you to fix your time…  Read more

Happy Halloween from Accountants on Main!

Happy Halloween from the Accountants on Main team! We wish you a safe & fun spooky season! Also, be sure to vote for our Halloween window displays by commenting on the Downtown Georgetown post below.  Read more

3 Tips for Working Smarter and Gaining Personal Time

You’ve probably heard the maxim that it’s better to work smarter than harder. Working smarter means allocating your time, energy and money so vital tasks get done more efficiently, freeing up your personal time. Too many business owners think they must keep working harder—taking on more responsibilities and working longer hours—to be successful. It makes sense, because you’re responsible for your business, but that route leads to work overload and…  Read more

Welcome to our new team member!

Here we grow again! We are pleased to welcome Parminder Manhas to the AoM team! Parminder is our newest Senior Accountant, and is looking forward to working with all of our clients. Parminder received her CPA-CGA designation in 2010 with CPA BC. She has lived in Vancouver for most of her life. She has extensive experience in the manufacturing industry and in public practice.  Before moving to Ontario in 2017,…  Read more

5 Funding Options for Start-ups

Starting your own business requires enough capital to ensure you can pay your bills until your company turns a profit. Depending on the type and size of your business, you may need thousands of dollars monthly to cover overhead. If you’re wondering where to find business start-up funding, there are a variety of options available to you. Each of these options has its advantages and disadvantages, and it’s important to…  Read more

AoM Celebrates 15th Anniversary!

Today, Accountants on Main proudly celebrates our 15th Anniversary! We couldn’t have done it without you, our wonderful clients, and our amazing team. Thank you for all of your support. Here’s to another wonderful fifteen years! Check out some photos from our team celebration below. 20210825 133124 20210825 132443 20210825 132251 20210825 131710 20210825 131931 20210825 132852 20210825 132027 20210825 132119 20210825 131613 20210825 131432 20210825 131455 20210825 131503 20210825…  Read more

4 Money Saving Tips for Business Owners

Running a successful business requires you to make smart decisions about everything from who you hire to how you spend your money. There are many legitimate expenses to cover, but it’s easy to overspend in areas that aren’t helping you or your business. Spending wisely is key to owning a sustainable business. Here are four practical money saving tips for business owners. 1. Have a list of all your subscriptions,…  Read more

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