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Vancouver Small Business Owners – To Incorporate or Not?

Read Before Incorporating For Small Business Owners in Vancouver, BC I often have friends and neighbours telling me how well their business is doing and that they want to incorporate their Vancouver-based business. It appears that a lot of business owners have this notion that as a business takes off, incorporating is a necessity. Business owners specifically do not know

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CRA – The Straw that Breaks the Camel’s Back

At Mew & Company Chartered Accountants in Vancouver, we work with the Canada Revenue Agency (CRA) through an “honor system”, which means a business reports its income and expenses without having to remit receipts and bank deposit books to prove its accuracy. This honor system is an efficient and economical way to collect taxes. Many savvy business professionals know that

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Due Diligence When Buying a Business in Vancouver B.C.

When Vancouver BC business is about to exchange hands, the seller of the business has a huge advantage over the buyer during the negotiation process. The seller, being the current operator of the business, has intimate knowledge of competition moving into the neighbourhood, revenue momentum, labour cost variability, profitability, and so on. In addition, the buyer can never be absolutely certain

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