Power of Duplication and Residual Income
Posted by admin on Oct 25, 2011 in Personal Financial Control | 2 comments
Make money work for you. How many times have I heard that? As true of a statement it is, no one seems to have a concrete answer to how one can do this. I may not have the answer either, but I do want to share my personal story with you on how I used my company, Seianna Financial Services, to achieve the goal of gaining residual income through the process of duplication. This is what I did:
Read MoreEmployment Standards – Employee or Subcontractor?
Posted by admin on Oct 13, 2011 in Bookkeeping | 5 comments
In British Columbia, the Employment Standards Act clearly outlines what qualifies as an employee and what qualifies as a subcontractor.
Read MoreEmployment Standards – Vacation Pay
Posted by admin on Sep 27, 2011 in Bookkeeping | 1 comment
A lot of businesses in British Columbia (also in other provinces in Canada and states in U.S.) don’t fully understand the rules and regulations surrounding their employment obligations. Here in this multi-segmented series, I am going highlight several aspects of the Employment Standards as it pertains to the beautiful Province of British Columbia. For all other readers from outside our province, please read the regulations as found online in your province, territory or state.
Read MoreTFSA’s – Beware of Being TAXED
Posted by admin on Sep 13, 2011 in Personal Income Tax | 10 comments
Tax Free Savings Accounts, or TFSA’s as they are better known, is Canada’s newest way to save money without having to pay tax on the interest. Introduced by the federal government January 1, 2009, an individual is allowed to contribute a maximum $5,000 to the account per year. As stated in my first blog, posted March 6, 2011, any open contribution room from previous years can by carried forward indefinitely until you max out the contribution space in your TFSA.
Read MoreChallenges of Having Credit Cards
Posted by admin on Aug 24, 2011 in Personal Financial Control | 19 comments
Credit cards are a good thing when it comes to purchasing goods and services. They carry so many advantages – no need to carry cash, insurance on stolen merchandise, no need to do exchanges when in a foreign country, and the list goes on. With so many advantages, there are also challenges to them. Allow me to explain:
Read MoreUse Credit Cards to your Advantage
Posted by admin on Aug 15, 2011 in Personal Financial Control | 36 comments
Ah yes, credit cards, our modern-day instant bank machine. Or is it? With the reports of credit card debt being at an all-time high in Canada and the U.S., it seems to many of us that maybe we shouldn’t have credit cards for personal use. Today we are flooded with mail or e-mail asking us to fill out a form for a new credit card. They will even ask you in person! I remember going to Universal Studios in California, this going back to 1998, someone would pull you aside to their sign-up table; and they were giving away a free t-shirt just for applying for one!
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