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ARCHIVED ISSUES - FEBRUARY 2013


 

FEATURED CLIENT: THE INTERDEPENDENT TRAINING GROUP

The Interdependent Training Group (ITG) in Vancouver, BC has worked directly with the owners of over 150 businesses for the past 13 years. ITG offers training assistance to corporations in the areas of leading-edge management techniques and skillsets geared for the new millennium business.

Kevin has offered his unique training and facilitating skills in the areas of management to well-known corporations throughout the U.S. and Canada, including Clarica, DANKA Corp, and United Technologies. Kevin’s passion has always been people and systems because when both are in sync the results are astounding.

LEARN MORE ABOUT ITG >>


GOVERNMENT OF BC OFFERING FREE WEBINARS ON TRANSITION BACK TO PST

Webinars on Transition Back to PSTIf you're uncertain about the implications of the return of the Provincial Sales Tax - scheduled to take effect on April 1, 2013 - on your business, the government of British Columbia is offering free webinars to help ease the transition.

Topics covered during the webinars include general information on PST, the details of registration requirements and an overview of the eTaxBC system.

Webinars are offered between 10:30am - 11:30am on a variety of dates throughout February.

LEARN MORE FROM THE GOVERNMENT OF BRITISH COLUMBIA >>


BUSINESS INTELLIGENCE REPORTS PRESENT FINANCIAL ANALYSIS IN PLAIN LANGUAGE

Business IntelligenceOnce your accounting system is streamlined, you can use the information it provides to help your company grow. But, how do accounting figures translate into meaningful information?

For advanced insight into your business, NALH offers Business Intelligence Reports which allow us to convert your company's financial data into a plain-language, narrative report.

Our Business Intelligence system calculates key financial ratios, displays real-time industry averages and scores your company’s performance against similar businesses using industry comparisons. Business Intelligence Reports provide crucial information that helps you make informed decisions for your company.

CLICK HERE TO VIEW A SAMPLE BUSINESS INTELLIGENCE REPORT >>


BEWARE - COULD YOUR BUSINESS BE CLASSIFIED AS A PERSONAL SERVICES CORPORATION?

For small incorporated companies, if deemed by the Canada Revenue Agency to be personal services corporations (PSC), the implications are potentially serious and costly.

As of October 2012, CRA has become more aggressive at identifying and penalizing companies that can be categorized as a personal service corporation - also known as a personal services business (PSB). IT contractors in particular should be aware of this move by CRA which has put focus on the technology industry in cracking down on PSCs.

If classified as a PSC, the Federal Small Business deduction on the first $500,000 of income is denied, as are most typically-deductible expenses. This translates into an exceptionally-high tax rate for the PSC.

CRA uses a number of factors to determine whether a business falls under the category of PSC, including:

  • Number of Employees (less than 5 is considered a PSC)
  • Number of Clients the Company Has
  • How Much Control the Company Has Over the Work Being Done
  • Who Owns the Tools for the Work Being Done
  • Whether There is a Chance for Profit or Risk of Loss
  • The Degree of Integration Between Contractor and Company

READ THE FULL ARTICLE from ABOUT.COM SMALL BUSINESS >>


BOOK OF THE MONTH: TRACTION

Traction: Get a Grip on Your BusinessDo you have a grip on your business, or does your business have a grip on you?

All entrepreneurs and business leaders face similar frustrations—personnel conflict, profit woes, and inadequate growth. Decisions never seem to get made, or, once made, fail to be properly implemented. But there is a solution. It’s not complicated or theoretical.The Entrepreneurial Operating System® is a practical method for achieving the business success you have always envisioned. More than 2,000 companies have discovered what EOS can do.

In Traction, you’ll learn the secrets of strengthening the six key components of your business. You’ll discover simple yet powerful ways to run your company that will give you and your leadership team more focus, more growth, and more enjoyment. Successful companies are applying Traction every day to run profitable, frustration-free businesses—and you can too.

PURCHASE FROM AMAZON.CA >>


FEATURED IPHONE APP: iTRADE

iTrade - Mobile Stock Market Simulator App iTrade is an innovative mobile stock market simulator that lets you quickly and easily find stock and execute trades. 

Research stocks using up to date news and detailed history graphs. Intuitive controls utilizing the powerful iPhone interface make managing your portfolio simple. 

Compete and socialize about trading with members online with embedded forums and scoreboard, enabling social interaction and adding an element of fun to trading.

DOWNLOAD FROM THE APP STORE >>


BUSINESS OVER BREAKFAST NETWORKING

February 22, 2013
7:30am - 9:30am

Riverway Clubhouse
9001 Bill Fox Way
Burnaby, BC

Join leading business professionals and community partners at the Burnaby Board of Trade's premier networking series! 

Through facilitated networking activities, connect with dozens of business professionals and develop new contacts, new relationships and cultivate effective referrals for your business.

CLICK HERE FOR MORE INFORMATION >>


SUCCESSFUL YOU BC AWARDS

February 28, 2013
5:30pm - 9:00pm

Crystal Ballroom
Pan Pacific Hotel
Vancouver, BC

Are you looking for a night of inspiration, excitement and celebration? Would you like to mix and mingle with BC’s top business owners? Then our Successful You Awards Ceremony is the place to be! 

CLICK HERE FOR MORE INFORMATION >>


INFLUENTIAL WOMEN IN BUSINESS AWARDS

March 6, 2013
12:00pm - 2:00pm

Fairmont Waterfront
900 Canada Place
Vancouver, BC

The Influential Women in Business Awards were created to draw attention to exceptional business women in BC. They have risen through the ranks in public and private companies to become senior executives or entrepreneurs. Through corporate board placements they help influence and shape policy at some of Canada's largest companies.

CLICK HERE FOR MORE INFORMATION >>


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

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