James Lochrie

It's not news, but it ought to be emphasized: One of the best ways to save for your retirement is with a registered retirement plan. That may be a 401K or IRA (in the U.S.) or an RRSP (in Canada) or another instrument in other jurisdictions. These plans can reduce your current-year tax bill, making them a very tax-efficient way to save for the future.

Getting sick is bad enough. Losing money while you're sick — either because you can't attend to your business, or from out-of-pocket expenses — just makes it worse. If it happens to you, at least make sure you claim the maximum personal tax deduction for eligible medical expenses.

We work really hard to build tools that take difficult things and make them easy and affordable. So when we see another company with the same sort of philosophy, we definitely take notice.

If you’re dreaming of owning a business but not confident in your leadership skills, it helps to hear some inspiring advice from the people who’ve already taken that leap. Learn from the wise words of 10 inspiring female leaders.

More exciting news to share with you: Wave is now getting into small business payroll.

Resolutions are only worth talking about if they’re about something that matters. And there’s very little that matters as much to you and your family as the success of your business.

If you make donations to charity, it makes sense to take advantage of all of the tax deductions you can, so you can keep more of your hard-earned money.

When you claim a deduction for most business expenses, like a pencil or gas for your car, dealing with it in your accounting is easy: It's simply a matter of adding it to the proper expense account. (In Wave, that means dragging the transaction to the right folder.) Items like those are meant to be consumed by your business over a short period of time so the expense is fully claimed in the year the item was purchased.

Last week, I crushed my toes, strained my ankles and stretched my calves as myself and 16 members of the Wave team wore heels and participated in the Walk a Mile in Her Shoes event in support of the White Ribbon Campaign. The White Ribbon Campaign is the largest effort in the world of men working to end violence against women. The event offered us an opportunity to support and advocate for the women in our community.