E Book – Overview of Business Financing BC
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CPA Professional Services Agreement (For Use By Independent Contractors)
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Taxation for Physiotherapists
As health care professionals, physiotherapists are exempt from both charging and paying GST/PST on all services that directly relate to the improvement of both physical and mental health and well-being. Given such services are not deemed ‘commercial’ they and many associated costs are exempt from such taxation. …Read more
Unanimous Shareholder Agreements
What is a USA? The Canadian Business Corporations Act (CBCA), as well as its provincial counterparts, set out the definition for an Unanimous Shareholders Agreement (“USA”). As defined in the CBCA, a USA is “a written agreement among all shareholders or among all shareholders and one or more persons who are not shareholders, that restricts, […]
To Charge GST or Not to Charge GST, That is the Question
GST/HST has been in the news again with the recent reduction in the GST and so we thought it was time to refresh the knowledge base on when physiotherapy clinics should and could charge GST/HST and in turn claim back some of the GST/HST that we pay. …Read more
Buying, Merging or Selling Your Practice
During periods of economic slowdown, small business owners in the public service sector (i.e. lawyers, accountants, and physiotherapist’s) may form partnerships by merging their practices. By doing this it makes the combined firm more efficient, and gives them a better chance of survival. Also during these times many self-employed professionals decide to sell off their […]
How Much is Your Clinic Worth?
Business acquisition and merger specialists say it take two years to prepare a business for a sale. If you plan on retiring and getting top dollar for your years of sweat equity then do not leave this to the last minute. Even if you do not plan to sell your company in the immediate future, […]
Sale of a business – Should I sell the assets or my shares?
Recently, the editor of Private Practice Division News mentioned to me that the “buying and selling of a business” would make a good topic for my column. She felt it was something that would interest physiotherapists. Since they’re the group that this publication is directed towards, why not. However, this topic is very complicated and […]
The 3 Essential Attributes to Realizing an Extraordinary Private Practice Future
Without exception, we all have the potential for greatness. Yet most people realize less than 10% of their potential. A few others lead extraordinarily lives, being fulfilled and financially successful. What makes the difference between the 10% and the few others? ..Read more
Leading A Growing Business: What To Do and How To Do It
The University of Western Ontario Business School recently surveyed 117 CEO’s of Canada’s most successful, rapidly growing entrepreneurial companies. These CEO’s provided practical insight into their most important leadership practises. They also provided data for the authors to draw some of their own conclusions. …Read more