Filing and payment deadlines have been extended to September 30, 2020 The Canada Revenue Agency (CRA) announced earlier this year that they would extend payment due dates for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for instalment payments to September 1, 2020. There has since been an […]
KWB CLIENT EVENT – 28 OCTOBER 2020 @ 3PM (MDT) KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend. There will also be a half hour of Q & A after the event. If you own a small business and are interested […]
September is one of our favourite times of the year – not only is the weather great but it’s also when we host our Annual KWB Bunnock Championship Cup. Throwing plastic horse ankle bones is serious business for us. So, on the morning of September 10th, our KWB team members donned their masks and grabbed […]
Save Money with a Health Plan
How can you save $100’s and maybe $1,000’s in taxes in one simple step? Are you an employee of your own company and do you have significant medical expenses each year of $2,000 or more not covered by a health plan? Then creating a “Private Health Services Plan” (PHSP) as soon as possible could save you big dollars.
Your company’s sales and revenue may look healthy, however, if the money you have to pay out leaves your business before the money you are owed comes in, this will result in negative cash flow. If you are unable to pay your company’s bills, this can lead to even bigger problems like bad credit and […]
Death, specifically your own death, is a subject that is tough to talk about, however having the conversation today will save a lot of stress tomorrow should the unexpected happen. Here are 7 items for your “Unexpected Death” Checklist: Ensure that your spouse/executor are aware of any pre-paid funeral (or specific) arrangements you have made […]
The CRA website was recently a victim of a cyber attack. In response, the CRA shut down its website and various portals to lower the security risks. As of the August 18, 2020, the CRA has regained their online presence and are opening their portals one by one. The CRA has stated that they will […]
A KWB client event – 23 September, 2020 @ 3pm (MDT) on Zoom KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend. There will also be a half hour of Q & A after the event. If you own a small business […]
Supply chain disruption has already occurred due to COVID-19 and it’s likely to get worse before it gets better. Measures that exist to avoid a reintroduction of the virus and new outbreaks will impact production and supply chains. Immediate Response For companies that operate or have business relationships in impacted countries, steps should include: Educate […]
KWB CLIENT EVENT – 19 AUGUST 2020 @ 3PM (MDT) KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend. There will also be a half hour of Q & A after the event. If you own a small business and are interested […]
Be prepared for any emergency that may occur by creating an Emergency Checklist. Many businesses are wishing that they had but there is still a lot of value in creating one now. What you need for your Emergency Checklist For starters, your emergency checklist should be outlined in your procedures manual, which documents every routine task […]
On July 17, 2020, the Government of Canada announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) to allow greater access to the program by employers. While the proposed changes loosen eligibility requirements, there is added complexity, most significantly on how benefits are calculated for qualifying periods beginning after July 4, 2020. The New […]
Here are 8 great tax saving tips: Tax Savings Tip #1: Keep complete records Be diligent about your record keeping to avoid lost receipts that can mean missing out on tax deductions. Keeping electronic copies of scanned receipts can help you stay organized on the go. KWB recommends using the Receipt Bank app that integrates […]
If you are currently using Quickbooks Online or thinking about switching to “QBO”, this event is for you! Join us on Zoom for a free information session regarding QBO and the Apps in our App Stack. Date: Wednesday 24 June, 2020 Time: 3pm – 4.30pm This event is held on Zoom; the meeting ID and […]
The federal government announced on the 16th of June 2020 that they will be extending the Canada Emergency Response Benefit (CERB) eligibility period by eight weeks as the coronavirus pandemic continues to affect the job market. The Prime Minister said that those who are still unable to return to work due to the COVID-19 pandemic […]
It was announced today that the government will start accepting new applications under the expanded eligibility guidelines for the Canada Emergency Business Account (CEBA) starting on Friday (19 June 2020). The government has expanded program eligibility to include sole proprietors and farmers. Businesses with total employment expenses in 2019 of $20,000 or less and 2020 […]
The Government of Canada has announced an expansion to the eligibility criteria for the Canada Emergency Business Account (CEBA) to include many owner-operated small businesses. The changes to CEBA will allow more Canadian small businesses to access interest free loans of up to $40,000 to help cover operating costs during a period when revenues have been […]
CPP death benefit The CPP death benefit is a one-time, lump-sum payment to the estate of the deceased contributor. The CPP death benefit can be paid to: The Estate of the deceased person The person who paid the funeral expenses A surviving spouse or common law partner A next of kin. The Executor is the first […]
The Canada Emergency Commercial Rent Assistance Program (CECRA) has been announced to provide rent relief for small businesses struggling to pay their landlords due to financial hardship as a result of COVID-19 for the months of April, May and June 2020. Who is Eligible? Affected small business tenants who meet the following criteria: Pay less […]
Tips for for the entire family Ideas for families with children Set up video chat ‘play dates’ with school friends Don’t forget about your own needs. Keep up meditation, yoga and exercise. Take time to prepare meals together, get creative, let the children take control! Perfect time to Marie Kondo your child’s bedroom, together. Got a crafty […]
A rapid response plan for your business Applications for CEWS (Canada Emergency Wage Subsidy) will start being received by the government as of Monday, 27 April 2020. While businesses may qualify for benefits under CEWS, understanding the program, determining eligibility, and submitting the proper application can create a high level of stress and uncertainty. You […]
Due to the volume of Canadians applying for the Canada Emergency Response Benefit (CERB), the Canadian Revenue Agency has set new protocol for applying: If you were born in January, February or March, you may apply on Mondays If you were born in April, May or June, you may apply on Tuesdays. If you were […]
To our friends, clients, and business partners, We hope this newsletter finds you well and healthy. The volume of information we’ve received from provincial and federal governments over the last few weeks has been significant and a bit of a moving target, so we’ve put together a summary of all the relief programs that have […]
To help businesses keep and return workers to their payroll through the challenges posed by the COVID-19 pandemic, the Prime Minister, Justin Trudeau, proposed the new Canada Emergency Wage Subsidy. This would provide a 75-per-cent wage subsidy to eligible employers for up to 12 weeks, retroactive to March 15, 2020. This wage subsidy aims to […]
CERB (Canada Emergency Response Benefit) Update – 1 April 2020 The Government of Canada will provide a taxable benefit of $2,000 a month for up to 4 months to: workers who must stop working due to COVID19 and do not have access to paid leave or other income support. workers who are sick, quarantined, or […]
Filing and payment deadlines have been extended to September 30, 2020 The Canada Revenue Agency (CRA) announced earlier this year that they would extend payment due dates for 2019 individual tax returns and 2019 or 2020 corporation, or trust returns, as well as for instalment payments to September 1, 2020. There has since been an […]
KWB CLIENT EVENT – 28 OCTOBER 2020 @ 3PM (MDT) KWB clients – join us for an hour of information, tips and advice regarding QBO (Quickbooks Online) and the Apps we recommend. There will also be a half hour of Q & A after the event. If you own a small business and are interested […]
