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ARCHIVED ISSUES - MAY 2013


 

FEATURED CLIENT: RVT SYSTEMS

RVT Systems has been in the electronics industry for 15 years designing and installing integrated electronic systems in residential and commercial projects specializing in Audio/Video, Media Rooms, Lighting & Blind control, Tel/Data networks, CCTV surveillance and Access Control.

From state-of-the-art Video Conferencing systems done for TELUS, Suncor and Petrocan to Audio/Video systems in over 2000 homes, RVT can handle any project integrating technology into the way you live and work.

CLICK HERE to LEARN MORE ABOUT RVT SYSTEMS >>


JUNE 15 TAX RETURN DEADLINE FOR SELF-EMPLOYED INDIVIDUALS

We wanted to remind those who are self-employed or who have business income that Canada Revenue Agency's income tax return filing deadline for the 2012 tax year is midnight on Saturday, June 15, 2013.

Be sure to have your return filed before the deadline to avoid costly penalties and interest. Any tax owing to Canada Revenue Agency must have been paid by April 30, 2013.


10 THINGS REALLY AMAZING EMPLOYEES DO

The saying rings true - good people are hard to find. So, as a business owner, there are traits that outstanding employees possess of which it's important to be aware. Inc. magazine featured a great article about recognizing these traits and why you should encourage and reward them generously. Here is an excerpt from the article:

Every once in a while special employees come along that just really seem to get it. They drive the entire company forward in ways that were unimaginable. Advancement and reward is never an issue for these rock stars because they understand the power of cause and effect, and only a worthy company can retain them and afford them.

  • Enthusiastically learn all aspects of the business
  • Resolve issues before they are issues
  • Tell it like it is
  • Grow themselves, and others
  • Stimulate happiness

CLICK HERE to READ THE FULL ARTICLE >>


LEXXON OFFERING SERVICE ADVANTAGE COURSE THROUGH MICRO BUSINESS TRAINING PROGRAM

Lexxon Training is an approved Training Provider for the Micro Business Training Program. Eligible business owners can receive $1500 in funding to receive training in general business skills through the BC Micro Business Training Program. 

One of the courses Lexxon is providing under the program is called Service Advantage. Here's a brief overview of the program:

Customer service is the lifeblood of virtually every organization. The expression, tone of voice, and actions of each and every employee has the potential to build or destroy valuable client relationships.

When competition is tough, customer service can be your trump card.  Friendly service is a given. But what else lies at the heart of exceptional customer service? Excellent customer service means positive customer experiences, increased customer loyalty and ultimately, business growth. It also leads to higher levels of employee work satisfaction, improved internal dynamics and an overall healthier work environment.

CLICK HERE to LEARN MORE ABOUT LEXXON TRAINING >>


PROFIT BY HIRING YOUR KIDS THIS SUMMER

There are many ways a business own can benefit by hiring family members to fill vacant positions in a company. Not only does your business get to write off the person's salary as a business expense, but the recipient also gets taxed at a lower rate.

For kids, working in a family business can offer them important lessons about developing a good work ethic, managing money and gaining important employment experience.

We encourage you to read the full article written by JASmith on the benefits of hiring from within your family circle and other ways to split income with family members.

CLICK HERE to READ THE FULL ARTICLE >>


BC CORPORATE TAX RATES & INCOME BRACKETS

Corporations in BC are taxed on their income both at the federal and provincial levels. Both the federal government and provincial governments tax BC businesses at two different rates - the general rate and the lower small business rate.

The lower small business rate is applicable to Canadian-controlled private corporations (CCPCs) with active business income eligible for the federal small business deduction. Generally, active business income is income earned by a corporation from a business other than a specified investment business or a personal service business.

The general rate applies to income over $500,000 and any income that is not eligible for the lower small business rate such as income earned from investments.

FEDERAL & BC CORPORATE TAX RATES FOR 2013
 
Active income under $500,000
Active income
over $500,000
Investment
income
Federal
11%
15%
34.67%
BC Provincial
2.5%
10%*
10%*

* Note: The BC 2013 Budget announced an increase to provincial corporate income tax rates from 10% to 11% beginning April 1, 2013, pending legislative approval. A final decision regarding the rate will be made by the new government following the May 14, 2013 provincial election.


BOOK OF THE MONTH: THE HAPPINESS ADVANTAGE

The Happiness Advantage - The Seven Principles of Positive Psychology That Fuel Success and Performance at WorkWhat does individual happiness have to do with success in business? The two are much more interconnected than you may think.

Conventional wisdom holds that if we work hard we will be more successful, and if we are more successful, then we’ll be happy. If we can just find that great job, win that next promotion, lose those five pounds, happiness will follow. But recent discoveries in the field of positive psychology have shown that this formula is actually backward: Happiness fuels success, not the other way around. When we are positive, our brains become more engaged, creative, motivated, energetic, resilient, and productive at work.
            
In The Happiness Advantage, Shawn Achor, draws on his own research—including one of the largest studies of happiness and potential at Harvard and others at companies like UBS and KPMG—to fix this broken formula. Using stories and case studies from his work with thousands of Fortune 500 executives in 42 countries, Achor explains how we can reprogram our brains to become more positive in order to gain a competitive edge at work.  

PURCHASE FROM AMAZON.CA >>


FEATURED IPAD APP: BCBUSINESS MAGAZINE

Download the BCBusiness iPad AppBCBusiness magazine is BC's top monthly publication focused on monitoring the pulse of the province's business community. If you're interested in keeping track of business developments in BC, but prefer reading the ease and convenients of reading in digital format, this is the perfect app for you.

This iPad app is the perfect complement to the printed edition of BCBusiness magazine and gives subscribers access to accompanying videos, galleries and other interactive features. You can also use the app as a substitute for the printed version of the magazine.

App users can opt to download a single issue of BCBusiness for $3.99, subscribe on a month-by-month basis for $1.99, or for enjoy an annual subscription for $19.99. This flexibility lets you choose individual issues you'd like to read or make sure you'll never miss a thing by subscribing for a full year.

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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