Edmonton CPA | How to start a business

Описание: To learn more about Edmonton CPAs and Spurrell & Associates visit us online today at: www.spurrell.ca - 780-665-4949

In this video we talk about some of the preliminary steps in starting a business. We go over who you need to talk to first and what could happen if you skip steps. Incorporation vs proprietorship is also covered.

Spurrell & Associates Chartered Professional Accountants is a full service accounting firm based out of Edmonton, Alberta. Our focus is assisting Canadian business entrepreneurs. The failure rate for small businesses in Canada are approximately:

By year 1 - 15% of businesses fail
By year 2 - 30% of businesses fail
By year 5 - 50% of businesses fail

The business owners that do stay in business often don't get paid fairly for their efforts and end up paying too much tax. We believe the reason for this is because businesses:

1. Don't have a plan
​2. Don't know their numbers
3. Don't have anywhere to turn for comprehensive guidance

These odds and these circumstances are unnecessary. We believe the accountants job does not end with preparing annual financial statements and the required tax returns. The true measure of success for an accountant is to help the business owner succeed in business and minimize tax. Thus our mission, is to help business owners beat the odds through planning, reporting, and analysis.

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