The new QuickBooks® Desktop 2021 editions have new and improved features to help get paid faster and secure data more effectively, making the software work better than ever. Many of the improvements center on automation and workflow, enabling users to get more done in less time and setting up more activities to be automatic. Other improvements center on data [...]
Recently, the federal government announced an extension to some key stimulus programs aimed at keeping businesses afloat during the COVID-19 pandemic. Additionally, it clarified that Canadians who receive the new Canada Recovery Benefits may have some of the funds clawed back, depending on their net income for 2020. Canada Emergency Wage Subsidy (CEWS) – CEWS [...]
This is part of my series on 65 small business ideas in 7 categories with 3 questions to help you decide. I wanted to identify businesses that people can start from home, with little or no upfront money needed. Last time, I showed you QuickBooks® Online for a personal shopper. Today, I want to show [...]
Eight months after the COVID-19 shutdowns, many businesses are still struggling to get back to their usual revenues and continue to need a hand up from various government programs to keep their businesses operating and staff employed. When Canwest Accounting professionals meet with business owners who are struggling in today’s economy, we go through with [...]
It’s one of the most common issues related to the future of a family-owned business: How do the owners pass the business to their children? Moreover, how do they know if their children will even want to take over the business, let alone make it profitable for the long term? Parents often treat the company [...]
While Canwest Accounting has seen most of its clients’ businesses reopen, many are slower than usual, and none will recoup the losses experienced during the lock-down phase of the COVID-19 pandemic in B.C. That’s why Sharlane Bailey, owner of Canwest Accounting, is urging everyone who can to “give thanks” by supporting local businesses as much [...]
Improved user experience and security protocols are being introduced for the QuickBooks® Desktop software user by requiring the Company owner to log in to an Intuit® account when opening the Company file. Having an Intuit account provides a secure, single source login for access to all of Intuit’s powerful offerings, including owned QuickBooks Desktop software [...]
Over my 25 years of working with small businesses, I have come to realize that not all banks are created equal. Like in most business sectors, banks vary wildly from one another, and a bank that’s a great fit for you may not be the best option for the business next door. With the recent [...]
Stronger hurricanes, heavier and longer rains, raging wildfires. Natural disasters seem to be happening more often, but the loss of life is, of course, much more important than any other aspect of our home or business. While it currently seems that businesses and our economy have more than enough to deal with during COVID-19, natural [...]
When starting a new business, you may be so overwhelmed to hit the ground running, or so immersed in the day-to-day operations, that you neglect important tax responsibilities as a small business owner. Doing so not only can lead to crippling implications for your business, but also hold it back from saving money and growing [...]
