Your Business Unleashed

Involve Human Resources is a consultancy that promises to make employment relationships seamless. But what does that mean?Our host, Clayton Achen from Achen Henderson CPAs, invites Ashley on the podcast to discuss different components of HR and the types of things employees need from their employers and vice versa.https://www.achenhenderson.ca/

Does your law firm have clients in provinces other than your own? Have you considered the provincial sales tax registration and compliance requirements?In this episode of "Your Business Unleashed", David Crawford, CPA, CMA, comes on to discuss how the different types of taxes in Canada make impact your law firm.For more information on this topic, visit our blog  https://www.achenhenderson.ca/

Many lawyers and accountants operate using a limited liability partnership (“LLP”) and own their interest in the LLP either personally or through a professional corporation. In this episode, we talk about what a partner’s capital account is, how it works, and why it matters. Show Notes:For the blog  Lawyers Partner's Capital AccountsLearn about Business Structures for Law FirmsLegal/Law Firm Accounting Solutionshttps://www.achenhenderson.ca/

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.