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Lukas Tsimopoulos is 20 and Sees His First $1M as Just the Beginning of His Career

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When Lukas Tsimopoulos started working on his reselling model via eBay, he was still in school, aged 14, but full of dreams and motivation, ready to conquer the world. Six years later, and he is making almost $1 million annually through drop-shipping, which is pretty much how products manufactured by established factories find their customers directly without other complicated steps in the supply chain. Optimizing such logistics, he manages to make more money out of a smaller volume of orders, in a quest for efficiency within a global market. 

After a lot of pondering, he is now convinced to share valuable knowledge and information with his 80,000 Instagram followers through direct messaging and a special type of mentorship offered to the most driven of them. He is now only 20 years old, but people trust him in what he does, and this is evident in the great relationship he maintains with both clients and colleagues. His team of experts are aligned with him in goals and approaches, as well as in business acumen and determination to take risks and overcome burdens.

Thankfully, his whole journey is well-documented and shared on social media as an online guide for those aspiring to nail a location-neutral income by applying his techniques. Lukas was never a nine-to-five work person or one who could settle for his already established family business. While he started in Australia, he believes that a global career is more suitable for him.

Formal studies don’t always facilitate specialization, so a way to do so is searching through the Internet and focusing on data that is closer to one’s expertise. Lukas thinks long-term; planning for a bright future full of traveling and freedom to experience the world. He did a lot of testing before narrowing down to the beauty and health e-commerce niche, which is now in high demand due to COVID-19.

People are buying such products to improve their daily lives and give some cheer to their families while they have to protect themselves by staying home. He does his best in meeting their needs and responding to all requests through very effective customer service. In his view, this is the most important department in each similar company.

His current achievements allow him to dream big and make plans. He is patient and aims high. Stellar success takes time, but he has all the confidence and willingness in the world, being ready to work hard and knowing that nothing will be offered to him for free. Identifying opportunities and staying consistent in his strategy, he is gradually pulling ahead of any competition.

Comparing himself to others who made it big before in a similar sector, and looking into failures and mistakes as parts of a learning curve, he manages to refine his model. Lukas is enjoying what he is doing; it doesn’t feel like a job to him. During the pandemic, he is helping others realize how technology can bring people together, coping with unprecedented challenges and finding solutions. Nothing ever comes as an overnight success, but it is quite fulfilling to see that, through him and a new generation of entrepreneurs, a significant number of people benefit.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

Why Multi-Province Payroll Compliance Is the Hidden Challenge Canadian SMBs Face and How Folks Solves It

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Photo courtesy of: Folks

Byline: Shem Albert

Running payroll in Canada can feel like crossing a country stitched from many different fabrics. Each province weaves its own pattern of tax rules, leave policies, and benefit requirements, creating a landscape where a single misstep can ripple through every paycheck. For small and mid-sized businesses, the challenge often remains hidden until growth pushes hiring beyond provincial borders or brings remote workers into the fold. What seems like a routine back-office task quickly becomes a test of accuracy, timing, and local knowledge. This is the gap that Folks set out to close, offering a way for employers to navigate Canada’s regulatory patchwork without slowing their momentum.

Provincial Rules Add Complexity

Canada’s payroll environment varies sharply by province. Federal rules set the foundation, but provincial tax rates, deductions, statutory leave entitlements, and benefit premiums add layers of complexity that employers must monitor carefully. Small and mid-sized businesses with staff across provinces or remote employees face different tax tables, reporting deadlines, and leave calculations that directly affect pay accuracy and remittance schedules.

Folks built its payroll module to address these differences. The platform calculates the correct provincial tax rates and deductions for each employee, applying updates automatically so employers avoid misapplied withholdings or late filings. Multi-location tax management allows a company with workers in Ontario, Quebec, or several other provinces to process payroll without creating separate accounts for each jurisdiction. Bilingual functionality in English and French and secure Canadian data hosting support compliance while keeping employee records accessible across language and regional boundaries.

Unified Records Improve Accuracy

Payroll errors often stem from mismatched employee data. Changes in pay rates, banking details, or benefits eligibility may not align between HR and finance systems, creating incorrect deductions or delayed payments. Smaller teams juggling separate platforms spend valuable hours reconciling information instead of focusing on strategic work.

Folks resolves these issues by combining HR and payroll in one platform. Updates to wages, hours, or tax information entered on the HR side flow directly into payroll without re-entry. This single, verified record strengthens the accuracy of every payroll run and ensures employees receive the correct pay and deductions. By removing the need for repetitive administrative work, HR staff can redirect their time to tasks that support growth and employee engagement.

Automation Keeps Provinces in Step

Each province sets its own requirements for holiday pay, pay frequency, and statutory benefits, making manual calculations both time-consuming and error-prone. Businesses that expand or hire remote employees must keep pace with shifting provincial regulations or risk penalties and audit issues.

Folks address these demands with automation designed for Canada’s regulatory landscape. Pay statements, deduction calculations, and custom pay schedules follow the applicable provincial rules without extra configuration. The system’s automated updates mean that a company hiring staff in British Columbia or Quebec can meet local payroll standards without adding new layers of setup or monitoring. Employers gain the ability to expand into new regions while maintaining accurate, on-time pay.

Reporting Strengthens Compliance

Changing tax rates and reporting requirements require ongoing attention from HR and finance teams. Companies that rely on disconnected systems risk missing a provincial update or submitting incorrect remittances, which can lead to fines and interest charges.

Folks provides detailed reporting tools that compile payroll, deductions, and benefits information across all locations. Employers can generate clear remittance and deduction summaries, simplifying the process of meeting provincial filing requirements. For organizations that want additional guidance, Folks also offers a payroll management service that brings in-house specialists to assist with configuration, compliance, and regular updates. These reporting features help companies stay audit-ready and avoid costly compliance gaps.

Scalable Payroll for Expanding Businesses

Many small businesses begin in a single province, where local tax and payroll demands can be learned over time. Growth into new provinces or the decision to hire remote staff adds a level of complexity that manual processes cannot handle efficiently. Errors multiply, compliance risks rise, and payroll teams spend more time correcting mistakes than supporting expansion plans.

Folks provides payroll that scales with company growth. Provincial tax logic, automated deductions, bilingual support, and secure Canadian data storage are built directly into the platform. By maintaining an accurate employee record and applying province-specific rules automatically, the system allows Canadian SMBs to expand with fewer administrative surprises and more predictable payroll operations. Companies gain the stability of compliant payroll across provinces while controlling the time and costs that typically accompany multi-jurisdiction growth.

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