Business 101

Talbot & Associates has been providing sound and caring business advice for over 25 years.
Our two-day bootcamp will teach new and existing business owners all the basics of running a business including:

  • The importance of required government filings (sales taxes, payroll taxes, and income taxes)
  • How to organize your bookkeeping and keep up to date
  • What types of business structures can benefit your business
  • Keys to success including budgeting, finding and hiring good employees and how to be an effective leader
  • How to market your business, including the importance of following leads and other referrals

Our first bootcamp is scheduled for June 17-18th in our St Norbert office, 2019 and the price is $249.

Remember: this bootcamp can be claimed as a Tax deductible business expense!

Do you want to register?

Give us your name and phone number (You can also register in any of our offices).

Section 1 – Business basics

Essentially this is the basic, ground level business info that many people don’t necessarily know.

Regular remitting requirements

  • Do I need to collect GST/HST and/or PST?
  • How do I collect GST/HST and/or PST?
  • Filing frequency, due dates, etc.

 

Business number & name

  • Do I need a business number?
  • How do I get a business number?
  • Do I need to register my business name?
  • How do I register my business name?

 

Filing Taxes

  • When are my taxes due?
  • How are my taxes calculated?
  • What is required for my business taxes?
  • Setting aside funds in advance

Section 2 – Proper business recording

Tracking expenses and revenue.

We offer basic bookkeeping training for novice bookkeepers, let us know if you’re interested.

Do I need to use bookkeeping software?

  • Is a synoptic (manual or electronic) enough?
  • How do I select the right bookkeeping software for my business?

 

Claiming expenses

  • What can be claimed as a business deduction?
  • What are mileage logs and do I need to use them?
  • Can I write off a portion of my home expenses?

 

Retaining records

  • How long to keep records?
  • What CRA deems acceptable recordkeeping?
  • Backing up files

Section 3 – Business Structures

Outlining the options available in basic business structures and the benefits to each. This can be as in-depth or high level as required based on the audience.

Corporations vs. Partnerships vs. Sole-proprietors

  • Should I incorporate?
  • When is it worthwhile to incorporate?
  • How am I taxed – based on each structure?
  • Benefits and drawbacks of each structure

Section 4 – Management Keys

The intangible keys to running a business.

The importance of a proper budget

  • How to create an effective budget and how yourself accountable
  • How to reach different goals using a budget (cash flow, debt repayment, etc)
  • Determine where to splurge and where to be sparing

 

Finding good people

  • Choosing between employees and subcontractors
  • Hiring and firing staff

 

Running a profitable, self-sustaining business

  • How to effectively motivate your team
  • How to make the most of your reports and financial statements

Section 5 – Customer Service and Marketing

Building a name and customer base, increasing the reach for your business.

Branding, logos, and business cards

  • Brand recognition and getting your name out there
  • Moving on from word of mouth
  • Understanding the importance of leads

 

Proper advertising

  • Basing advertisements on the clients you are trying to attract
  • Media options available

 

How to deliver an above average client experience

  • Value base
  • How to make clients cheerleaders
  • How to motivate your staff

Section 6 – Building a rewarding business

Outlining the options available in basic business structures and the benefits to each. This can be as in-depth or high level as required based on the audience.

What is your ‘Why’
How to respect your own time
How to teach others to respect your time
How to avoid burnout

Brittany Sandberg B. Comm. (Hons.), CPA, CGA

Partner & Performance Advisor

brittany.sandberg@talbotcpa.ca

204.987.4875

St. Boniface Office: 201-160 Provencher Blvd.

Jean-Guy Talbot, FCPA, FCGA

Founder & CEO

jeanguy.talbot@talbotcpa.ca

204.269.7460

St. Norbert Office: 3553 Pembina Hwy

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