A sunk cost is one where you cannot get your money back no matter what you do. People tend to think this amount is important and say things like, well we spend all this money so… we had better… Is the Sunk Cost “Wasted” The amount you paid for your…

This is the second in a series about effective meeting agendas, we talked last week about the benefits of circulating the agenda ahead of the meeting. …

Have you been at a meeting where there is no agenda? Hopefully this only happened to you once and you have taken steps to prevent a reoccurrence. However, having an agenda is a pretty low bar. What is actually needed is a good agenda. How do you define a good…

A sunk cost is one that does not change. If we have already spent the money and we can’t get it back then the amount is no longer relevant to our decision making because it will not change. The opposite of a sunk cost is an opportunity cost. We incur…

An agenda is a to do list for a meeting. There are standard items on an agenda, such as calling the meeting to order and reviewing the minutes. However, every group will have their own format and topics which will appear on the agenda. Purpose of an Agenda The purpose…

Do your minutes get a wide circulation? We all attend meetings and at many of those meeting’s minutes will be taken. Minutes are typically the record of what was discussed at the meeting and hopefully document any action steps which were identified during the meeting. …

Taking minutes at a board meeting is required by most organizations. There are important decisions being made which need to be documented. Have you ever attended a meeting and when you read the minutes felt that the meeting was not properly captured by the minutes you were reading? …

The Canadian tax system is complicated. We expect this when we are talking about corporations or trusts. However many of those complications actually affect individual Canadians in the filing of their personal income tax returns. Is that a Tax Deduction or a Tax Credit? One of the complications is the…

Canadian taxpayers who report self-employment income on their personal tax return have until June 15 to file their returns. However, they do not have any longer to make the payment if they owe money. Confused? This is one of those situations which confuses people who have chosen not to be…