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"Illuminating your path to financial success"                      

 

 

fall Newsletter 2005 Volume 4

6 Year End Tax Savings Tips for Small Business...

As the fiscal and tax year draws to a close, it’s important to review your business tax situation to see what you can do yet to minimize the income tax you’ll have to pay. Use these six year end small business tax tips to implement tax-saving strategies before the New Year.

Small Business Tax Tips

 

 

 
7 Ways to Simplify Record Management......

Does the thought of tax time make you nauseous?  If you took the time to make a list of all the tasks you need to do to manage your business and then ordered them in terms of how much you liked doing them, where would record management come in? Three hundred and fifty? Or even lower?

While most of us consider business record management to be a low priority, good record management not only makes our working lives easier, but can give us real stress relief at tax time. Here’s what you can do to make record management easy:

Read More

         

MANDATORY CHANGES FOR CHEQUES

The Canadian Payments Association (CPA) has announced changes to modernize Canada’s cheque clearing system by incorporating ‘cheque imaging’ to make cheque processing more efficient and effective. By December 31, 2006 all cheques must be revised to meet the CPA’s new specifications.

What this means for your business

         

CARROT, EGG OR COFFEE BEAN?

I know that this story has been circulated often by me, but only because it carries such a great message.  I find that the slow days of summer have passed and the stresses from back to school, holiday season, and all of the new fall and winter projects kick in with full force. 

Remember, life is 10% what happens to you, and 90% how you deal with it.

Read on, and you'll never look at a cup of coffee the same way......

         

Dates to Remember:

October 31 -  Self-Employed Persons GST  installment due

Nov 11 - Remembrance Day

Dec 15 - 4th Tax Installment Due for Individuals

 

Thought for the Month:

November 11th - "LEST we FORGET"

Thank you to all

those who gave so much

 

Holiday Season Fast Facts:

31.9 Billion - Volume of Sales in Nov & Dec 2004

21.4 Billion - Volume of Online Sales in Nov & Dec 2004

7.9 Billion - Volume of Online Sales in Nov & Dec 2002

1.9 Billion - Number of Xmas Cards sent last year

30.2 Million - Number of Christmas Trees Cut in the US last year

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