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ARCHIVED ISSUES - APRIL 2015


 

T1 PERSONAL TAX RETURN DEADLINE REMINDER

The T1 personal tax return deadline for tax year 2014 is fast approaching. Please take note of the following deadlines:

 

DEADLINE FOR GENERAL FILERS
April 30, 2015

DEADLINE FOR FILERS WITH BUSINESS INCOME
June 15, 2015

 

IMPORTANT NOTE: Any tax owing is due by April 30, 2015, regardless of which filing deadline you observe.


6 TAX TIPS THAT HELP PUT YOU AHEAD OF THE GAME

For many, tax season is one of the most stressful times of the year - rushing around to gather documents and familiarize oneself with the latest changes to Canada Revenue Agency's rules can leave one feeling frazzled, which can mean overlooking important - and sometimes sizeable - deductions which can reduce your tax burden.

6 Tax Tips That Help Put You Ahead of the GameGolden Girl Finance featured an article that discusses 6 items to make sure to include as deductions on your tax return, if they're applicable to your situation. The article points to these key areas to be aware of for potential tax savings:

  1. Capital Losses
  2. RRSP Contributions
  3. Moving Expenses
  4. Professional Dues
  5. Legal Fees
  6. Tuition

If any of these may be applicable to you, make sure you speak with an experienced tax professional to ensure you maximize legitimate deductions available to you.

CLICK HERE TO READ THE FULL ARTICLE FROM GOLDEN GIRL FINANCE >>


9 TIPS FOR DELEGATING MORE EFFECTIVELY

9 Tips for Delegating More EffectivelySome days, a business owner's to-do list may seem insurmountable. And, for a single individual, it may very well be. However, a manager who knows how to delegate effectively can accomplish many times more in a given day with the help of key team members.

Many entrepreneurs struggle with delegating because they love being involved in every aspect of their company. However, letting go and involving other members of your team is an important part of growing a business beyond what one person can effectively manage.

The Business Development Bank of Canada published an article that shares 9 things a manager can do to delegate well for maximum productivity. Key points discussed in the article include:

  1. Take an objective look at your workload
  2. Determine where your contribution is most needed
  3. Identify the best people in your organization
  4. Train. Coach. Empower. Trust.
  5. Share your business strategy with employees
  6. Develop repeatable processes
  7. Focus on results
  8. Follow up without micromanaging
  9. Encourage your direct reports to delegate

Learning to delegate can help you become more effective and efficient than ever before, while also cultivating a sense of pride and responsibility in employees, who will strive to exceed your expectations.

CLICK HERE TO READ THE FULL ARTICLE FROM BDC >>


6 TIPS FOR WRITING EFFECTIVE BLOG POSTS FOR YOUR WEB SITE

7 Low-Cost Marketing Strategies to Implement NowWhile blogging and social media have been marketing buzzwords for a while now, many entrepreneurs and managers are still not sure whether to jump into the fray or observe quietly from the sidelines.

Adding a blog to your business web site can offer many benefits, including improved search engine rankings and establishing your business as a knowledgeable expert in your field - if you follow some basic guidelines. SOHO.ca featured an article on their site which offers some tips for small business blogging success:

  1. Identify what your readers want
  2. Create strong headlines
  3. Create original content
  4. Keep the post short and relevant to your topic
  5. Include keywords and phrases
  6. Post regularly

Like most things in business - and in life - being successful at blogging will take time and practice. But, with consistency and a little creativity, you will be well on your way to establishing your business web site as a hub of valuable information.

READ THE FULL ARTICLE FROM SOHO >>


FEATURED BOOK: JOY INC. - HOW WE BUILT A WORKPLACE PEOPLE LOVE

Joy Inc. - How We Built a Workplace People LoveIt seems obvious that happy employees are better employees - more productive, more committed to the company and their teams. However, many companies still struggle to create a culture that fosters these traits in their staff.

Menlo Innovations, a small software company based in Ann Arbor, Michigan, found a way to create a joyful work environment for its staff, who have delivered astounding results.

Joy, Inc. offers an inside look at how Rich Sheridan and Menlo Innovations created a joyful culture, and shows how any organization can follow their methods for a more passionate team and sustainable, profitable results. Sheridan also shows how to run smarter meetings and build cultural training into your hiring process.

Joy, Inc. offers an inspirational blueprint for readers in any field who want a committed, energizing atmosphere at work—leading to sustainable business results.

PURCHASE FROM AMAZON.CA >>


FEATURED APP: CRA BUSINESS TAX REMINDERS

Download the CRA Business Tax Reminders mobile app for your iOS, Android, or Blackberry deviceStaying on top of tax deadlines can save your business from being assessed costly late filing penalties and unnecessary interest charges. Fortunately, the Canada Revenue Agency has developed a mobile app that is available for iOS, Android, and Blackberry devices.

The Business Tax Reminders mobile app lets business users create custom reminders and alerts for key CRA due dates related to instalment payments, returns, and remittances.

This mobile app is recommended for small and medium-sized businesses with annual revenue of $20 million or less and fewer than 500 employees. The app was created based on consultations with small and medium-sized businesses, and allows business users to:

  • Create custom reminders for key CRA due dates related to instalment payments, returns, and remittances; and

  • Customize and tailor the reminder system for their personal business deadlines with either calendar or pop-up messages.

The app is designed to benefit businesses. It is not intended for individual use.

DOWNLOAD THE CRA BUSINESS TAX REMINDERS APP FOR YOUR DEVICE >>

 


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

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