EI Premium Reduction Program – What You Need to Know
With the Government of Canada’s Employment Insurance (EI) Premium Reduction Program, you can both increase your bottom line and improve employee welfare. In addition to protecting unemployed individuals, Service Canada’s Employment Insurance program provides benefits to employees who face various life challenges and changes including illness, injury, or the joyous arrival of a new family […]
Integrated Tax and Financial Planning for Your Business and Yourself
The overall financial health and success of your business will be greatly improved through integrated planning that considers your current circumstances, your long-term goals, and the opportunities that are available to you. Experience elevated accounting and advisory support that offers you meaningful financial reporting and guidance to optimize your tax savings, profit, and income. With […]
How to Get Started with QuickBooks Online | QBO Optimization for Business Owners
What is QuickBooks Online? QuickBooks Online (QBO) is an accounting software platform created to help business owners efficiently manage bookkeeping, accounting, and administrative processes, and to provide reliable and meaningful reporting and information. QBO helps simplify your accounting processes by automating the flow of financial information, and gives you more accurate results that you can […]
How a SWOT Analysis and Strategic Business Goal Setting Improve Business Performance
What is a SWOT Analysis A SWOT analysis is a framework used to identify and understand your strengths, weaknesses, opportunities, and threats. These four factors play a critical role in assessing the overall health of your business, and they can be used to strategically plan for the future of your business. Strengths and weaknesses are […]
CRA Instalment Payments: Interest vs. Penalties
Required Tax Instalments for Individuals To avoid interest charges, you have to pay tax instalments to Canada Revenue Agency (CRA) if your net tax owing in either of the two previous years was more than $3,000. This can happen if your income does not have the appropriate amount of tax withheld, or if you are […]
Electing Out of CPP Payments: Important Considerations
Canada Pension Plan (CPP) contributions are mandatory for working Canadians between the ages of 18 and 64, but are optional from age 65 onward. Electing Out of CPP Payments If you’re between the ages of 65 and 70 and are still working, you can elect to stop making CPP contributions. This election can be filed […]
Cloud Accounting Migration Support for Business Owners
Staying ahead of your competition and saving time, energy, and money is a result of making strategic decisions to improve efficiency and performance. One such decision is migrating your accounting systems and processes to the cloud. What is Cloud Migration and Accounting? Cloud migration is the process of moving your accounting systems and data from […]
Yellowknife COVID-19 Business Recovery Grant
The City of Yellowknife is offering grants of up to $10,000 for eligible small and medium-sized businesses that are still recovering from the COVID-19 pandemic. Some businesses continue to face sustained revenue losses and labour shortages, while many also face challenges related to adopting advantageous technology. This grant program is meant to support businesses facing […]
CEBA Loan Repayment Deadline Reminder
Update – September 2023 The forgiveness repayment date has been extended to January 18, 2024 for eligible CEBA loan holders in good standing. More details about loan repayment and forgiveness are available here. ____________________ The Canada Emergency Business Account (CEBA) loan’s repayment deadline is December 31, 2023. You should have already been contacted by your […]
Profit Improvement Strategies for Auto Repair Businesses
If you own an auto repair business, you know that improving your profits is essential to long-term success. Fortunately, with the right financial guidance and support, you can take steps to increase your profits and grow your business. Profit Package: More Cash, Greater Profit Benefit from our Profit Package specifically designed for auto repair businesses. […]