Blog

KMT Wealth welcomes new team

Following the recent departure of Allan from our team, Kathy and I are delighted to introduce you to our new financial planning team members, Symonne Wickman and Anton Scholte. Symonne joins us to lead our Wealth team, as Senior Financial Planner.  She comes to us with over...

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Does a Small Business Need Leadership or Management?

Does your business need leadership or management? The answer is both. Have you ever heard the expression “too many generals and not enough soldiers”? Well it works both ways. Too many soldiers without a strong general will surely find themselves fighting the wrong battles. Experience has...

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Marketing agency turns to cloud accounting to gain control

Mary runs a small digital marketing agency with a small team, serving business clients seeking to optimize their potential customers’ experience in interacting with their websites and social media platforms. As the business started to grow, Mary had neglected the financial aspect of her business...

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Four of the Most Common Financial Mistakes

Many small business owners are entrepreneurs who went into business seeking freedom, a better lifestyle, more money or simply because they wanted to run their own show. Financial acumen is rarely high amongst the skills possessed by such people. As such, it is only to...

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Suburban law firm cleans up its act to improve profitability

David, the sole practitioner of a legal firm, found that his revenue had stagnated and he was consistently facing cash flow problems. David was jolted into action by a frank conversation with his accountant. The accountant asked him how many hours he worked in his...

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Plan your business budget … and stay in control

Is keeping your taxes in order an ongoing struggle? Or perhaps you need to scale back your everyday business expenses? During our live Q&A on how to plan your business budget, our panel of experts offered useful advice on everything from using crowdfunding websites to...

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How cloud-based accounting can help smaller businesses prosper

This tax season, accountants should be making the case to their small business clients that it is crucial to their survival to outsource more of their finances. A recent survey by AccountantsWorld found that more than 50 percent of small business owners spend less than...

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Is Accrual Accounting Actually Accurate?

Accrual accounting seeks to temporally match expenses to revenues. That is, it corrects for time differences between when the cash from revenues is actually received by a business and when expenses are paid out by that business. For example, in selling a product, firms frequently pay out...