I Am in Need of a Jump-Start.
I. . .
Sometimes, after a period of momentum that comes with initial growth, a business will begin to slow down and might only maintain their success level without growing past it. Many business owners who find themselves in this position are looking for a jumpstart.
KWB was able to assess one of my businesses and identify a federal tax credit that we could apply for that neither my former accountant, my partner, nor I had known of. We reclaimed nearly $100,000. That was huge for us! Brent Haydey, Fit4Results
At KWB, we provide services that can help you get your business growing again. We can also assist you with financial planning and with help from our partners, will evaluate your finances and identify fresh approaches to growing your wealth.
If you’re an existing client, please give us a call and set up a meeting.
If you’re a new client, give us a call or send us an email – we’ll set up a no-commitment consultation for approximately a half-hour. We’ll talk about your business, your personal and professional goals, and answer all of your questions about us as well. If there’s a good fit, we’ll provide you with actionable advice and get you started down the path towards your goals.
Blog posts about In Need of a Jump-Start
Update - The Canada 75 % Wage Subsidy
Minister, Bill Morneau, announced today (April 1st, 2020) that the
75 % wage subsidy would be available within 3-6 weeks time.
What we know so far:
The subsidy is available to all businesses, charities and non-profit organizations as long as they can prove that they have lost 30 % of their revenue
Who qualifies for EI?
Whether you qualify for EI will still depend on your specific situation, such as regional rate of employment, and the number of hours worked in the last 52 weeks.
The government recommends people apply as soon as possible to find out if they qualify; waiting more than four weeks after your last day
Resources for Canadian Businesses – COVID-19
Small and medium-sized businesses are the backbone of the
Canadian economy. During this extraordinary time, the Government of Canada is
taking strong action to help Canadian businesses as COVID-19 is affecting them,
their employees and their families.
The Government and public health officials are urging all
stay home unless it is absolutely
To our valued clients and business partners – a KWB announcement
KWB Chartered Professional Accountants has a proactive plan for
continued operation in this new environment. You and our team are our
first priority. We want to inform you of what changes we have made, so we
can continue to complete the work you need us to do, while protecting both you
What if you knew the impact of an important decision before you made it? Could you and your business benefit from this “what if” strategic planning?
You would be able to look at the potential outcome and financial impact of business decisions before they are made. At KWB we use software called Profit Driver to
Do you own a business - either incorporated or unincorporated - and have a spouse or one or more adult children with an income lower than your own? If so, you may be able to shift your income to these other family members, effectively moving the income from a high tax rate to a low tax rate and decreasing the overall tax burden on your family. This is called income splitting.
Online tools from the CRA and Service Canada
Here are some great tools on the CRA website to help in day to day activities that I personally use.
1) Payroll Deduction Online Calculator
Use the Payroll Deductions Online Calculator (PDOC) to calculate federal, provincial (except for Quebec), and territorial payroll deductions. It will confirm or allow you to calculate the deductions you include