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Koroll & Company Blog

How Accounting Audits Safeguard Your Business Against Fraud

[fa icon="calendar'] Feb 28, 2024 10:51:58 AM / by Koroll & Company posted in Corporate

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Fraud, a persistent concern in the business world, can wreak havoc on finances, reputation, and trust. But with vigilant auditing practices, businesses can detect, deter, and prevent fraudulent activities. 

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Canada Extends CEBA Repayment and Loan Forgiveness for Businesses

[fa icon="calendar'] Dec 13, 2023 11:43:54 AM / by Koroll & Company posted in Corporate, CRA

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In a move to support small businesses and not-for-profit organizations, the Canadian government has extended the deadlines for the Canada Emergency Business Account (CEBA) loan repayments. 

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Understanding Employee Expenses in Canada For Commissioned Employees

[fa icon="calendar'] Oct 13, 2023 10:53:00 AM / by Koroll & Company posted in Corporate

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In Canada, a significant portion of the workforce operates on a commissioned basis, where their earnings are based on sales or other performance-related metrics. 

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Tackling Business Debt in Canada: The Role of Accounting Professionals

[fa icon="calendar'] Oct 4, 2023 11:30:00 AM / by Koroll & Company posted in Corporate

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Running a business can be a rewarding endeavor, but it also comes with its fair share of challenges. Among these challenges, managing debt is a common hurdle faced by Canadian businesses

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Exploring Options for Canadian Businesses When Debt Becomes a Problem

[fa icon="calendar'] Oct 2, 2023 8:45:00 AM / by Koroll & Company posted in Corporate

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Managing business debt can be a challenging task for Canadian business owners. Whether it's due to unexpected financial hurdles or poor financial management, accumulating debt can hinder the growth and stability of your company.

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The Importance of Credit Scores for Ontario Businesses

[fa icon="calendar'] Sep 15, 2023 9:15:00 AM / by Koroll & Company posted in Corporate

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If you’ve ever had to finance a car, get a mortgage, apply for a credit card or take out any other form of personal loan, chances are you’ve learned the importance of a good credit score. 

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The Importance Of Getting Your Minute Book In Order

[fa icon="calendar'] Aug 25, 2023 10:20:00 AM / by Allen Koroll posted in Education, Corporate, Small Business

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When you get into the ebb and flow of the day to day - buying supplies, selling goods and services, fulfilling customer orders, getting more business – there are a lot of things that fall by the wayside. And staying up to date with company records is one of them for many business owners. 

If you own a corporation in Canada, one record you are required to keep is an up to date company minute book. Which is something that some business owners aren’t aware of.

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Minimum Wage Rates and Overtime Rules For Employers in Ontario

[fa icon="calendar'] May 15, 2023 4:33:42 PM / by Koroll & Company posted in Corporate

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As an employer in Ontario, it's important to understand your obligations when it comes to minimum wage and overtime pay for your employees. 

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