McLenehan and Associates Chartered Professional Accountants

05/16/2024

Here's a client success story.

Most businesses can't support the salary of a full time Chief Financial Officer (CFO). Not having those strategic insights forces business owners to operate ...

11/03/2022

We’re moving to a 4-Day Work Week this month!

There’s a myth in the public accounting industry that more hours mean more productivity, but we know its just not true.

Our accounting firm accomplishes more while working less. We’re an achievement-oriented team that also understands the value of work life balance.

The policy highlights are:

✅ 4 x 8-hour work days per week
✅ Reducing our weekly hours from 35 hours to 32 hours
✅ No decrease in pay
✅ No overtime
✅ No more Saturdays during tax season

Our team will benefit from:

✅ 34 additional Fridays off throughout 2023
✅ Additional time for rest and recovery
✅ Lower levels of stress
✅ Saving money by commuting less
✅ Increased employee satisfaction overall

Our firm will benefit from:

✅ Happier, more engaged team members
✅ No change in job performance
✅ Greater innovation and creativity
✅ Reduced staff turnover
✅ Hyper-competitive for hiring

It’s about creating a Win-Win scenario for our firm and our employees.

We’re a progressive firm and quality of life and work life balance is engrained in our policies and our culture.

09/28/2022

Eligible assets include most depreciable assets, including furniture and fixtures, machinery and equipment, vehicles, leasehold improvements, and computer equipment.

09/26/2022

Could you amend a previously filed tax return and recover thousands of dollars in taxes paid by your business?

08/11/2022

Small businesses are transformed by good bookkeeping.

08/10/2022

Do you have the time to train an internal bookkeeper?

Hiring an internal bookkeeper buys you dozens or hundreds of hours of lost time spent teaching your new employee how to prepare your internal accounting.

What if they don't know what they're doing?
What if YOU don't know what you're doing?

Could a $40,000 to $50,000 investment in a non-revenue generating employee leave you and your business worse off six months from now?

Small businesses are transformed by good internal financial reporting.

Small business owners can avoid months of training and uncertainty by outsourcing internal accounting to a team of external bookkeepers who

- Have the right experience to do the work
- Use software that makes your life easier
- Have been trained to serve companies just like yours

You can hire a fully-trained fractional bookkeeper for less than the cost of an internal employee, and avoid the hassle of hiring, training and managing a full-time employee.

08/09/2022

If your business doesn't require 2,000 hours of bookkeeping each year then hiring a full-time employee is a waste of money. Outsourcing this work to a fractional bookkeeping service is the answer!

08/08/2022

Hiring an internal bookkeeper can cost $40,000 to $50,000 annually, but small business owners can outsource this work for a small fraction of the cost.

07/28/2022

In this short video we explain the benefits of holding corporations and how a holdco can save you more money. Watch now and learn more.

Holding corporations provide significant business and tax advantages to small business owners. Watch now and learn more.

07/27/2022

We've outlined some of the benefits of setting up a holding corporation for your business here: https://hubs.la/Q01hHbv80

Holding corporations are a great way for small business owners to protect their assets, prepare to sell their business, and benefit from tax planning.

07/26/2022

Does a holding corporation make sense for your business? Find out by requesting a meeting at https://hubs.la/Q01hzh-K0

07/25/2022

Successful small business owners set up holding corporations to protect their assets and to create tax planning opportunities.