Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. First At-Home Prescription Medication for COVID-19 Approved for Use Health Canada approved Pfizer’s COVID-19 antiviral treatment Paxlovid, making it the first oral and at-home prescription medication. It can be given to those aged 18 and older to treat mild to moderate cases of COVID-19 if they are at a… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Grant for Small Businesses in Ontario Ontario is rolling out a new $10,000 grant for small businesses forced to close due to the pandemic. Eligible businesses include gyms, museums and galleries, tour services and before- and after-school programs. Businesses that qualified for the Ontario Small Business Support Grant and… Read more
Welcome back to our Weekly Digest. We hope you and your family have all had a great time during the festivities! Read on for the latest updates and some ideas to help you have a great start into the new year. Mandatory COVID-19 Tests for Short Trips Across Border From 21 December, all Canadians returning from short trips to the US must take a molecular pre-entry test. The rule applies… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. This is the last weekly digest for the year. We hope you have a relaxing holiday break and we’ll be back with more updates in the New Year. Mandatory COVID-19 Tests for Short Trips Across Border From 21 December, all Canadians returning from short trips to the US must… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Government Advises Canadians Against Non-Essential Travel The government is advising Canadians not to travel ahead of the holiday season. Health Minister Jean-Yves Duclos said the advisory against international travel is going back in place. It was also announced that the government will continue to increase testing capacity at ports… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. New Travel Changes Following the discovery of the Omicron variant, new travel restrictions have been introduced. The federal government banned entry to foreign travellers who have been to Nigeria, Malawi and Egypt in the last two weeks– adding to the list of countries facing travel bans that were first… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canada-U.S. Border Open for Short Trips with No Testing Requirement The requirement for travellers to have a negative PCR test to re-enter Canada has been relaxed, as long as the trip to the US is under 72 hours. Those who come back into Canada need to be Canadian citizens,… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. B.C. Flood: COVID-19 Test Requirement Dropped For Canadians Crossing Into the US Canadians crossing into the United States for fuel and other essential goods will be exempt from having to show a negative COVID-19 test result on their return in order to help flood-hit residents in British Columbia. While… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. Canadian Airports Saw Increase in Foreign Travelers Canada saw a surge in the number of international travelers entering the country as it reopened its borders to fully vaccinated individuals. For the month of October, there have been 263,400 non-resident arrivals at Canadian airports, according to Statistics Canada. This represents… Read more
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. 20% Have Received at Least 1 COVID-19 Shot Canada has hit a vaccination milestone, as one-fifth of the population (over 7.6 million people) have now received at least one dose of a COVID-19 vaccine. Canada has a population of about 37.7 million people, and about 31.5 million people are… Read more
As small business owners look to operations after COVID-19, there are some important business questions to ask. These questions will help you determine what adaptations you want to keep, whether your business model is working, and if there are additional changes you want to make to keep your company operational through future economic downturns. It’s not always fun to do this sort of examination, but the answers to these questions will… Read more
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Over the course of a few weeks nearly everyone’s business and life has been turned upside down. It’s been a crazy time with toilet paper shortages, businesses forced to close, an overload of information (and mis-information on social media). With the recent disruption in mind, we wanted to help support you however we can. We’ve seen a number of our clients already impacted by the virus and decided to… Read more
In business, mistakes can be expensive and as an entrepreneur, although you’ll know many of the regulations that apply to your business, there are so many you can’t possibly remember all of them. Depending on the type of business you run, you could face laws regarding taxation, employment, product liability, premises liability, discrimination, health and safety and a variety of other regulations. Keeping on top of all the laws that… Read more
Since the first internal corporate note was sent—probably reminding employees about casual Friday—companies and organizations have relied on written communications to keep employees up-to-date on company policies, procedures and changes happening within. These days, though, more companies are switching to videos to relay information to their staff. In a lot of ways, video is more effective than written communications. It grabs peoples’ attention, conveys important information quickly and is usually… Read more
To many people, financial planning sounds like something for the very rich. The wealthiest people take their piles of money to someone who tells them where to invest it so they can make even more money. The rest of us just focus on saving what we can while paying off debt and hoping we don’t lose our jobs before we’re financially stable. In fact, financial planning is about having long-term… Read more
If you need a car to operate your business, you may wonder whether it makes more sense to purchase or lease. On the one hand, if your business owns the car you’ll have a long-term asset and may qualify for more tax deductions. On the other hand, buying a car is a huge expense and monthly lease payments tend to be lower than car loan payments; they may also be… Read more
Recruiting and training for a cloud based CPA firm is one of the most challenging experiences I have ever faced. But it has also become one of the most rewarding aspects of my job. Now, for the outside observer, it may look fairly routine as there are so many bookkeepers and accountants out there with a set of skills reflective of an accounting firm. Exactly! And that is what I… Read more
Want to avoid paying more than you should come tax time? Or a frantic last minute search for missing financial records? New business owners have a lot on their plate, and can easily lose track of an approaching tax deadline or financial data needed to submit their return. Organization is key when preparing for tax time. As is taking advantage of the many tools and resources out there to support… Read more
All business owners need to be aware of their break-even point — that is, the number of units they need to sell in order to cover their operating costs. Once you’ve reached your break-even point, it’s time to celebrate: your business is no longer in the red, and you are officially earning a profit. This article will show you how to calculate your break-even point so you can make wise… Read more