Your Business Unleashed

In this episode, we want to help you with your firm's business structures and assist you with some of the related accounting components of each structure.We recommend following along to our blog "Business Structures for Lawyers" as we will be referring to some of the content within that blog.Additional show notesShould I Incorporate my Business?Salaries vs Dividendshttps://www.achenhenderson.ca/

One of a lawyer’s primary functions is to be a financial intermediary, to hold funds in trust for their clients. Lawyers may hold a customer’s money in trust when buying a property or a business. They may hold funds in trust during a divorce, bankruptcy or other life events.On this episode, Clayton Achen talks about the concept of Trust and the rules for law firms.Check out our blog for more information about Trust.List of approved software for Trust Safety AccountingTrust account and client ledger formhttps://www.achenhenderson.ca/

The next few episodes are for you if you run a law firm.On "Your Business Unleashed," we want to help business owners make the right decisions, and for the next few episodes, we will focus on Lawyers that run their practice.The next few episodes will include topics such as:Trust ReportingProfessional Corporations and PartnershipsPartners Capital Accountsand more.Be sure to subscribe to not miss an episode and please review and rate our podcast.Check out our blog for more law-related content, specifically around accounting and running your law firm. There are tons of resources there for you.https://www.achenhenderson.ca/blog/https://www.achenhenderson.ca/

This episode discusses an important and relatively new tax component called the Underused Housing Tax.Carol Sadler, a partner at Achen Henderson CPAs and a tax professional who specializes in cross-border tax, discusses the importance of this topic and who is exempt from having to pay UHT.For more information, check out our blog to learn Everything you need to know about Underused Housing Taxhttps://www.achenhenderson.ca/

In this episode of Your Business Unleashed, Co-founder at Helm, Kelvin Gieck comes on to discuss Helm — all-in-one cashflow management to help Controllers and CFOs forecast easier. Visit their website to learn more - HelmHosted by Clayton Achenhttps://www.achenhenderson.ca/

UPDATE: Since the recording of this podcast, the current interest rate at the CRA was at 7%. It has now increased to 8%.If you're running a business, you may wonder if taking a salary or dividend as payment is best. This is an important entrepreneurship decision and one that this podcast covers in-depth. In it, you'll learn about the pros and cons of pay structures, such as whether you'd have to pay more taxes for one type of compensation over the other. You'll also find helpful tips on deciding which pay structure is best for your business and how to manage its growth.This episode is brought to you by GURU by Achen Henderson.Hosted by Clayton Achen, CPA, CA, TEPShow notes: For more info on this topic, check out our blog.https://www.achenhenderson.ca/

Hamed Abbasi, co-founder and CEO of Plooto, shares his entrepreneurial journey from Iran to Canada, his motivation behind creating Plooto, and the challenges he faced along the way. He discusses the importance of trial and error in entrepreneurship and the future integration plans for Plooto. They also explore the future of FinTech and the evolution of Plooto from being a crypto-focused company to integrating with traditional banks.

Subscription services offer a unique opportunity for entrepreneurship, allowing business owners to maintain a reliable customer base and earn recurring revenue. This podcast will look into how to develop, maintain, and grow subscription services for your business, taking it to new heights.Tune in to this podcast and take your business to new heights!This podcast is brought to you by GURU by Achen Henderson.This podcast is hosted by Clayton Achen, CPA, CA, TEPShow notes: Ignition App allows you to sell your services, easily create online proposals and engagement letters, and automate invoicing and payments from one place.Click here for 50% offhttps://www.achenhenderson.ca/

Understanding your company's 'why' is essential when it comes to entrepreneurship.But oftentimes, founders and business owners can find it difficult to uncover their definition of success. That's why this podcast was created: it provides valuable insight into how to run a business by exploring the 'whys' of entrepreneurship.In this episode, you will learn the core values you need to define yourself, and your business and ultimately help lead you to success. Tune in now, start discovering what drives you as an entrepreneur, and discover your company's story!This Podcast is brought to you by GURU by Achen Henderson.Hosted by Clayton Achen, CPA, CA, TEPShow Notes:Book: Start with Why by Simon SinekBook: Making Money is Killing Your Business by Chuck Blakemanhttps://www.achenhenderson.ca/

This episode is all about the business owner's guide to year-end books. Whether you've been running your business for years or just starting out, having a good understanding of year-end bookkeeping is essential for success. Join us as we dive into this important topic and help you plan for a successful 2023.This podcast is brought to you by GURU by Achen HendersonHosted by Clayton Achen, CPA, CA, TEPFor more on this topic, check out our blog.https://www.achenhenderson.ca/