Fill out the quiz to check your familiarity about finances.  You'll get an instant score.  
It's fun and it's didactic.

(1) Does your company own your vehicle?

Yes No Don't Know

(2) Do you file your GST and PST reports on time?

Yes No Don't know Sometimes

(3) Are your most recent corporate taxes and financial statements filed?

Yes No Don't know

(4) Are you paying your workers as sub-contractors rather than employees, even though they only work for you?

Yes No Don't know

(5) Are you paying personal expenses through your business/corporate account?

Yes No Don't know Sometimes

(6) Are you paying your family members even though they do not actually do any work for your business?

Yes No Don't know

(7) How are you taking money out of your company?

Salary Dividends Write myself a cheque Don't know

(8) Are you filing your personal income taxes on time?

Yes No Don't know

(9) Do you know what to do with those government forms and documents you receive?

Yes No I ignore them Give them to my bookkeeper/acct

(10) Do you have a professional accountant and/or bookkeeper looking after your business?

Professional Accountant Bookkeeper Both I do my own books

 

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For more detailed answers to the quiz questions –e-mail us at quiz@businessfocus.ca
Ian DiNovo & Associates
Tel: (416) 266-7745
Business Focus
Tel: (416) 264-5480
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