75% Canada Emergency Wage Subsidy (CEWS) Applications Opened Monday, April 27
Applications are being accepted by using My Business Account through the Canada Revenue Agency’s online service. If you have not previously signed up for this service for your own corporation(s), click HERE to sign up.
FILING YOUR TAXES
Even though the Federal government has extended the filing deadline for personal income tax returns to June 1st, we are here and ready to help you get your taxes filed now. We recommend filing your taxes sooner rather than later. We recommend filing your taxes sooner rather than later.
Filing your personal income taxes within a similar time frame (in April) as in previous years may be beneficial for a few reasons:
- to gain access to any income tax refunds you may be getting from the 2019 year;
- to keep your Canada Child Benefit or GST rebate payments up to date; or
- to provide proof of 2019 income to Canada Revenue Agency if applying for government subsidies such as the CERB.
Many of our clients have already provided their 2019 tax documents to our firm and more have provided them electronically through our secure online portal than in the past. Providing your tax documents via the portal allows the confidentiality of the documents to be best protected and can be done from the comfort of your own home. If you haven’t already signed up, our Portal Authorization Form will need to be filled out and sent back to us via email for each individual or entity for which we are setting up a portal. For example, to sign up your company, ABC Ltd. as well as you, your spouse and child, please fill out four (4) separate forms and have them signed by the responsible party. Please email the completed form(s) to firstname.lastname@example.org or send them directly to the HLH team member you are in close contact with.
If you are not able to provide them electronically, our building remains open for you to drop off or mail your documents as you would have in previous years.
Financial Relief for Canadians
An Overview of the Government’s Support Measures
LEAN THINKING DURING COVID-19
Alberta is in an unprecedented economic time. The impact of the COVID-19 crisis on the energy and other sectors is already rippling out, and individual businesses are facing a perfect storm of money-sucking problems.
We talk a lot about Lean Thinking and how to cut waste to save money. That is now more important than ever. Here’s our latest cost-savings advice to help you adapt to this storm.
“The longer the meeting, the less is accomplished.” – Tim Cook Try this at your next meeting: look around the room and add up the hourly salary of each attendee in your head. If you don’t know, then ballpark it. Add about 25% for payroll extras. Get an hourly figure...read more
“It’s about making choices. Some are easy. Some are hard. And some will make you question everything.” – Tim Cook With COVID-19 circulating freely, many of us have felt the sting directly in our staffing levels already. Those who haven’t should expect it this winter....read more
Is your office feeling a little sparse lately? A lot of business people are finding themselves standing in the middle of empty desks, sometimes row upon row, while their intended occupants are working from their kitchen tables. While the work is getting done...read more
"Honesty is the first chapter in the book of wisdom." – Thomas Jefferson 2020 has been a crucible for businesses of all sizes. Alberta businesses know that we've been among the hardest hit, with many facing a long winter on the brink of insolvency. The Federal...read more
The beating heart of Process Improvement is identifying and eliminating waste. Waste comes in 1 of 8 forms, and its visibility can range from blatantly obvious to systemically ingrained and challenging to pinpoint. Isolating those ingrained wastes—which is how the...read more
We need to be more strategic with our decision-making, maybe now more than ever before. Instead of just bringing the staff into a room and open-endedly telling them to “strategize,” use a tried-and-true formula. Last week, we introduced the model of Compass Management...read more
Vision is not usually the problem. It's common to develop your vision in the boardroom, the elusive "why" of your business—but far more challenging to make it the agent of change at every level. Hoshin kanri, a Japanese term coined during the Second World War...read more
"The quality of a leader is reflected in the standards they set for themselves." – Ray Kroc The culture we create for our teams is ultimately what binds us together and keeps our revenues flowing. As leaders, we need to make sure that this engine of our company is...read more
"If failure is not an option, then neither is success." – Seth Godin Failure is the best teacher. When it comes to Process Improvement and growing our bottom line, failure is invaluable. The goal for failure is fast, cheap, and often. With each failure, we do a...read more
"Even when you are marketing to your entire audience or customer base, you are still simply speaking to a single human at any given time." – Ann Handley How do you acquire new customers in a pandemic? Will the customers you've always had keep coming back? Will any...read more
"The one thing I've personally learned is you've got to get ahead of the curve, don't try to deny it or put your head in the sand, and wish for the best. These are the times when a culture and an organization gets tested." – Michael Hansen, CEO of Cengage We're...read more
"You must gain control over your money, or the lack of it will forever control you." – Dave Ramsey If you aren't eternally vigilant about your expenses, they will creep up. It's a silent and deadly law that makes Process Improvement a necessarily ongoing endeavour....read more