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ARCHIVED ISSUES - APRIL 2013


 

FEATURED CLIENT: PAINTBALL GEAR CANADA

PaintballGear.ca is a family-owned and operated distributor of Paintball Gear. They opened their first store in 2003 and have since grown from a staff of 3 to a team of 13. Their warehouse and storefront are located in Coquitlam and they have recently opened a 2nd store, located in Richmond.

PaintballGear.ca is a leader in their industry for customer service, pricing, and reliable professionalism. They offer a 110% price-match guarantee, hassle-free returns for up to 365 days, and a lifetime service warranty on the goods they sell. They also offer free shipping on orders over $150 and if your order is in stock and placed before noon PST, they ship your order the same day. All orders are shipped directly from the warehouse in Coquitlam, so customers do not have deal with border delays or unexpected fees.

CLICK HERE TO VISIT THE PAINTBALL GEAR WEB SITE >>


IT'S NOT TOO EARLY TO START PLANNING YOUR TAX STRATEGY FOR 2013

Taking the time to put together a tax strategy can help you maximize legitimate deductions throughout the year. Wolridge Mahon wrote an excellent article on ways to start thinking about next year's tax return today:

Minimizing your personal income taxes is no longer a matter of just waiting until the end of the year and filling out the forms. To take full advantage of the expenditures allowed and the deductions available and to avoid paying unnecessary penalties and interest, take a proactive approach that includes maintaining proper up-to-date records and engaging in ongoing consultations with your tax advisor.

Here are a few areas to consider when creating a tax strategy that suits your specific situation:

  • Deductible automotive allowance rates
  • Taxable benefit rates
  • Instalment payments
  • Tax-free savings accounts
  • Capital gains and losses

CLICK HERE TO READ THE FULL ARTICLE >>


DISCIPLINE PROVES TO BE A KEY COMPONENT IN IMPROVING PROFITABILITY

Business IntelligenceSometimes, improving the profits in your company is about more than just generating more revenue. If the revenue you're generating isn't from a profitable segment of your business, you may be spinning your wheels.

In an article written by the Business Development Bank of Canada (BDC), business consultant Jorge Henao discusses a few steps any entrepreneur can take to improve the bottom line:

  • Assess the profitability of your business
  • Analyze individual components
  • Examine your options
  • Make a plan
  • Set targets and follow up

CLICK HERE TO READ THE FULL ARTICLE >>


3 SIMPLE WAYS TO INCREASE EMPLOYEE MOTIVATION

Motivating employees can be a challenge for any business and it takes a true leader to find incentives that staff members will value.

The SOHO web site published an article by Robert Cordray that discusses a few different approaches to employee incentives that may inspire your team to go the extra mile for your company, including:

  • Cash Incentives - Robert suggests that any bonus given to an employee should be paid in a cheque separate from their normal pay. This helps them truly recognize the extra reward they're receiving.

  • Public Praise - Everyone enjoys a pat on the back for a job well done, but be sure that the praise you give is sincere and true. Offering kudos to deserving employees in public makes employees feel valued and their efforts appreciated.

  • Tickets or Gift Cards - Many people find it difficult to achieve a good work/life balance, so rewarding staff with incentives that will make their time off more enjoyable is a great way to show appreciation.

CLICK HERE TO READ THE FULL ARTICLE >>


BOOK OF THE MONTH: COLD HARD TRUTH - ON BUSINESS, MONEY & LIFE

Cold Hard Truth - On Business, Money & Life by Kevin O'LearyCan you make millions just by “visualizing yourself rich” as some business prophets suggest? Don’t buy it, says Kevin O’Leary. If you want to be a successful entrepreneur and amass wealth, you’re going to have to work for it. But the good news is: with the right guidance, focus and perseverance, you can turn entrepreneurial vision into lucrative reality and have the personal freedom that only wealth can buy. 

Kevin O’Leary would know. The much-feared and revered Dragon on the immensely popular show Dragons’ Den (and Shark Tank in the U.S.) started his company in his basement with a $10,000 loan from his financially savvy mother. A few years later, Kevin sold that company for more than four billion dollars. In this compelling, candid and, above all else, brutally honest business memoir, Kevin provides engaging, practical advice and lessons that will give anyone a distinct competitive edge.

CLICK HERE TO PURCHASE FROM AMAZON.CA >>


FEATURED IPHONE APP: EXPENSIFY

Download the Expensify iPhone AppUse this app to sync with your credit cards and bank accounts to track purchases as they happen. We'll even pull in eReceipts, digital copies of the paper receipts you normally have to carry around, for most purchases under $75. 

For any purchases that are made with cash or are not eligible for eReceipts, turn your phone in to a receipt scanner by snapping a picture of the receipt! Our app will SmartScan the image and pull out the merchant, date and amount of the transaction. We will use this information to either create a new cash expense or attach the receipt to its matching credit card purchase. Add in any remaining mileage expenses via GPS or odometer entry and you have a completely documented view of all spending.


CLICK HERE TO DOWNLOAD FROM THE APP STORE >>


 
 
 
       
NALH Business Solutions Ltd.
#112 - 8988 Fraserton Court
Burnaby, BC V5J 5H8
(604) 412-3885

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