Dayna Holland Ltd

11/25/2022

If you're thinking of starting a business and want to know everything related to being a Sole Proprietor, this one is for you! I hope this is helpful to you.

Check out this article for all the other ways you can operate your new business venture: www.daynahollandltd.com/self-employed/starting-a-business-what-are-the-differences-between-a-sole-proprietorship-partnership-corporation

11/17/2022

Are you thinking of starting a business? I’ve comprised a brief overview of these structures below.

Learn more here: www.daynahollandltd.com/self-employed/starting-a-business-what-are-the-differences-between-a-sole-proprietorship-partnership-corporation

11/10/2022

You have a great business idea and you want to start making money from this business venture. But how do you do that?

Is it as easy as sending out an email to friends and family to let them know that you are open for business? Posting a notice on Facebook, Twitter, or Instagram? The answer is YES! It’s that easy.

But then you start selling or providing a service and people pay you for it. Now what?

The first thing to know is that there are a number of options available to you. You can operate as a Sole Proprietor, a Partnership, a Joint Venture, or a Corporation. I’ve comprised a brief overview of these structures below. Hope it's helpful!

Starting a Business – What are the differences between a Sole Proprietorship, Partnership, Corporation? by admin | Nov 10, 2022 | Bookkeeping, Business Advice, Business Strategy, Entrepreneur, Self-Employed, Small Business, Tax Accountant, Tax Tips | 0 comments Written by Dayna Holland with the he...

11/08/2022

Get a headstart on the year by planning your personal and business finances in advance.

In this blog post, I discuss the advantages of budgeting and tools that can be used to make the process simpler, such as a free tool by the Government of Canada, Quicken, and more: https://www.daynahollandltd.com/accounting-tips/the-fall-fresh-starts-for-your-bookkeeping/

10/31/2022

If you are trying to save for a big expense, such as a trip with your family, or a wedding, budgeting is your best friend.

Setting strict financial goals before the new year starts can help you be more mindful about where your money goes. Want to draw up a personal budget? Check out my new blog post for some resources that can help you: https://www.daynahollandltd.com/accounting-tips/the-fall-fresh-starts-for-your-bookkeeping/

10/24/2022

Wondering how often you should be reviewing your budget in order to achieve your financial goals? In my recent blog post, I talk about how the frequency of budget reviews can help you stick to your goals and make changes as required.

Check it out here: www.daynahollandltd.com/accounting-tips/the-fall-fresh-starts-for-your-bookkeeping

10/20/2022

Before you start budgeting for the upcoming year, check out my new blog post to learn about some of the valuable tools that are there to help make this process so much easier for you. These tools are for individuals as well as business budgets, so there’s something for everyone!

The Fall: Fresh Starts for Your Bookkeeping: www.daynahollandltd.com/accounting-tips/the-fall-fresh-starts-for-your-bookkeeping

08/09/2022

It’s very common for a small business owner to only consult with their accounts at the end of every year...

If you find yourself wanting to get financial advice or want to talk to your accountant regularly, then hire an accountant.

If you're spending more time organizing your books than spending time on other tasks, then it’s probably best to get a bookkeeper and save yourself some time.

Learn more here about the difference between an accountant and a bookkeeper: www.daynahollandltd.com/startups/the-difference-between-an-accountant-a-bookkeeper

08/03/2022

Thank you for the kind words, J. Andrew!

07/28/2022

Another great money-saving tip for some businesses is to seek out other businesses that may be interested in bulk purchasing.

Paying monthly for warehouse space can end up being a very costly endeavor. This is where finding another business or partner can come into play. The possibility of sharing warehouse space with another business could substantially cut down your monthly storage costs.

➡️ Interested in more tips? Learn more here: www.daynahollandltd.com/accounting-tips/3-things-that-can-save-your-business-money-revisited

07/26/2022

Businesses often can have debts in different places. When this occurs, it's important to know if the debts being held by different creditors are serving your business or hurting it.

That’s why it is important to go over each form of debt along with the values that it is accompanied by for each creditor.

If by doing this, you notice that the creditors are hurting your business, I highly recommend negotiating interest rates or looking into combining loan amounts that would provide you with more favourable repayment terms.

As always, feel free to reach out if you have any questions!

07/21/2022

Obtaining grants for your business is one of the most overlooked money-saving tips that are out there today.

Due to the pandemic, both the Federal and Provincial governments have many grants available for businesses in order to help recover during this time. There are also some ongoing programs available that I advise should be looked at.

The grants can be used for:

→ Infrastructure costs
→ Operational costs

If you need some assistance with figuring out what grants you qualify for, I recommend companies like Granted (www.granted.ca) or Pocketed (wwww.hellopocketed.io) which help take the heavy lifting out of accessing this free money!