His financial advice has been published in Globe and Mail, Toronto Star and many other publications. Michael has a fiduciary duty to his clients and has a Bachelor of Commerce from Dalhousie University. If you are a family or person with a Wealth Advisors high net power, you want anContinue Reading
For example, if you have a portfolio worth $ 250,000, you can pay an advisor 1% of that, or $ 2,500 a year, to manage it for you. This system gives your advisor an incentive to help him increase his assets as much as possible, because the more he has,Continue Reading
Use high-quality accounting software that gives you a clear overview of corporate finance and controls costs and revenues. This helps you make smart business decisions and it is also important to file tax at the end of the fiscal year. Create a bottom-up financial forecast that uses your detailed budgetContinue Reading
It is important to note that the balance sheet only shows information for a certain period of time, while the profit and loss account and the cash flow statement reflect the entire fiscal year. The next step in understanding a balance sheet is to observe the effect of common transactionsContinue Reading