As we say goodbye to 2020 and its unique challenges, at CompanyOn we want to share with our amazing community of solo practitioners, 7 resolutions to increase efficiencies and incorporate best practices with your business in 2021. Which ones do you...
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5 Best Practice Tips on Risk Management And Quality Improvement for Solo Practitioners.
Ensuring the safe and effective provision of care services is paramount for the establishment, maintenance, and growth of any business. One key step to accomplish this is committing to developing policies and procedures that address risks and quality...
Is Your Independent Practice Set To Provide Care Without Risking The Health Of Your Clients And Yours During COVID-19?
Some practices have reopened, some are testing the waters again after being hesitant to spend or invest during the lowest points of the crisis. Solo practitioners have been forced into some important decisions during the current COVID-19 pandemic. With...
Tax Planning For Business Owners
When times are good, borrowing money to grow your business is a great way to expand more quickly with the benefit of a tax-deductible loan interest payment. The loan/line of credit being used to pay for business expenses can also free up monthly revenue...
Corporate Planning – Passive Income
A huge advantage of incorporating versus being a sole proprietor is the lower tax rate on business income. This is only the case if the business is generating more revenue than is needed for personal business expenses and this extra revenue can be...
8 Ways In which Adopting Electronic Invoicing Can Significantly Impact Your Practice and The Way You Care For Your Clients
When it comes to working as a solo practitioner, it can often feel as though you are running a one-person army. Besides the client treatment itself, the multitude of tasks to be completed around the business can become far too much for one person to...
Ten Simple Principles to Manage Patient Data and Meet Legal Requirements
BEST PRACTICES TO PROTECT THE PRIVACY OF YOUR CLIENTS IS GOOD FOR YOUR BUSINESS. As more people become aware of their rights regarding handling their personal information, research tells us that the more they trust an organization, the more likely they...
Bookkeeping best practices: Take Control of Your Business Finances
Many solo practitioners do not have the money to invest in extra employees for tasks such as appointment booking and bookkeeping, meaning they have to become a one-person army in order to stay on top of everything. Fortunately, we at CompanyOn know...
Managing through change: what to consider when resuming provision of care in the community during COVID-19
As provinces look to start relaxing strict measures due to COVID-19, solo practitioners owners need to think about what's next and how they will adapt and move forward safely and sustainably as they begin to resume in-person care. One thing is true...