Olympia Health Spending Account Blog

What is a Debit and Credit in Small Business Accounting?

by Kashoo

Jul 27, 2016 2:01:40 PM

Great question, we have debit cards and credit cards, but have you ever thought about what that means? If I have money in my bank account, and I take money out using my bank card, then that is a debit. If I use a credit card, I am getting the bank to lend me the money l until I get my bill; they are crediting me the money.

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Most Canadian Engineers Underestimate This Method of Reducing Risk

by Dan Gillis

Jul 26, 2016 10:36:07 AM

Canadian engineers have faced and completed a daunting set of education requirements and have worked tirelessly to achieve their current career.

However, many do not consider the possibility of becoming seriously ill or injured, which would prevent them from continuing to earn the income they have spent years labouring and training to acquire.

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Topics: protect your family, disability insurance, disability insurance in Canada, Canadian Engineers

Strikes and Taxes – 5 Reasons Why CRA Strike will be bad for Business

by David J. Rotfleisch

Jul 22, 2016 1:25:12 PM

The possible Canada Post lock out or strike is garnering most attention from business and the public, affecting as it does the delivery of promotional admail as well as the delivery of customer packages and payments by mail.  At the same time, Canada Revenue Agency employees may go on strike over wages and surrendering accumulated severance pay. 

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The Go-To Alternative for Employers Struggling with Rising Plan Costs

by K. Fry

Jul 21, 2016 11:18:07 AM

The medical needs of a 25-year-old single person vary considerably from those of a 46-year-old, married with children.

But small companies don't often have the size, scale or resources to offer a comprehensive benefit plan that will cover all of those requirements.

Add to the mix the ever-rising costs of traditional health and dental plans, and the result is many Canadian employers now looking for an alternate solution.

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Topics: health benefits, small business, healthcare, dental coverage, health insurance, HSA coverage

What is Small Business Accounting and Why Do I Need It

by Kashoo

Jul 20, 2016 4:14:50 PM

Small business accounting is vital to building a healthy business. Accounting has been around for as long as humans have been trading with each other. Over time, accounting became more involved and was done primarily by financial professionals, but with the introduction of accounting software, small business owners can do their accounting.

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