NEWS AND INSIGHTS
Our latest thoughts
Put your feet up and enjoy our insights and thoughts on this and that. When a little bit of discussion and direction makes all the difference.
Profit Is Up… So Why Is There No Money in the Bank?
It’s one of the most frustrating questions a business owner can ask: “My accountant says I made money. So why isn’t there any money in my bank account?” If you’ve ever wondered the same thing, you’re not alone. A profitable…
Your Numbers Are Talking, Do You Know What They’re Saying?
Most business owners receive financial statements. Far fewer feel confident reading them. You may look at your Profit & Loss statement, see that sales are up and think, “Great—we’re doing well.” Or you may notice there’s less money in the…
Happy Holidays!
Season’s greetings from Fiscal Performance! As the year draws to a close, we want to take a moment to thank you for your trust and partnership. May this holiday season bring you and your loved ones peace, joy, and well-deserved…
Understanding lease classifications in Canada
In Canada, leases are classified as either capital leases (finance leases) or operating leases, each with distinct accounting and tax implications. The classification impacts how businesses record leases on financial statements and manage tax deductions. A capital lease, also known…
“Tracy and her team were a welcome relief from the monthly burden of filling spreadsheets and hoping I got it right with my GST obligations and annual tax return preparation. Not only did she and her team free up my time to get on with the business of supporting my clients, she also made me see that “Knowledge is power”.
– Tricia Ryan, President, Focal Point Business Coaching
“Tracy took over from another bookkeeper. We have an accounting system that Tracy was not familiar with and had a very positive attitude adapting and learning the system. She is very detailed and always completes accounting procedures on time. Her attitude is excellent and she always informs me of what she is doing. When I ask her any questions I get a proper response.”
– Bryan Sullivan
“I have been a client of Fiscal Performance for the past year and have called upon their staff for tax advice & services for my small business returns. I recommend their service, highly and look forward to their continued service & support.”
– Dan De Jong
“Tracy and I have partnered on a number of projects over time. She is always enthusiastic and ready to devote 100% of herself to every task she undertakes. I know Fiscal Performance will take care of business with honesty, integrity and dedication.”
– Sandi H.
“I am truly glad we chose your company to do our work. Your staff are very professional and provide an excellent service to ensure our paperwork is kept up to date. I am happy to know your company is on top of things and makes my job easier. Again thank you for giving our company peace of mind.”
– Brenda D.
