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ARCHIVED ISSUES - SEPTEMBER 2012


 

FEATURED CLIENT: STUDIO 3 MEDIA

Studio 3 Media is a full service digital casting facility located in Vancouver, BC for use in principal casting of Commercial, Episodic Television, Made for Television Movies and Feature Films. In addition, they are home to a variety of ongoing acting classes & workshops for adults and kids alike that are taught by recognized industry professionals.

Studio 3 Media is dedicated to providing a comfortable and productive work environment for casting directors, producers, and directors.

CLICK HERE FOR MORE INFORMATION >>


NALH NAME CHANGE REFLECTS BREADTH OF SERVICE OFFERINGS

Throughout our 30+ years in business, bookkeeping has always been a core service we provide to our clients. While this is still true, it's only one piece of the larger picture of strategic tools and consulting expertise we provide. Our services include not only Bookkeeping, but also Controller Services, ProfitCents Business Intelligence Reports, Cloud Accounting and more.

To reflect the evolution of our service offering, we have renamed our company from NALH Bookkeeping Services to NALH Business Solutions. We feel that this name better describes the strategic nature of what we bring to our clients' businesses.


BC MINISTRY OF FINANCE TO LAUNCH New e-tax system for return of PST

Businesses need to adapt their systems for the elimination of the harmonized sales tax (HST) and the return the provincial sales tax (PST) on April 1, 2013, Finance Minister Mike de Jong confirmed September 13.

He said that a new e-service called eTaxBC is being developed that will benefit businesses by allowing online PST registration, tax return filing and payment.

Use of e-filing and e-payment is expected to be mandatory for businesses with total Canadian sales or leases over $1.5 million annually – approximately 10% of B.C. businesses.

READ THE FULL ARTICLE ON THE BUSINESS IN VANCOUVER WEB SITE >>


TAKE CONTROL OF WHAT YOU CAN IN ORDER TO MAXIMIZE INVESTMENTS IN A FRAGILE ECONOMY

CRA requires tax preparers to efile client returnsIn this article, Evelyn Jacks discusses ways to tweak your financial strategy to get the biggest bang for your buck. Things like choosing to invest new money in an RRSP versus a TFSA (tax-free savings account) to generate additional tax savings, thus further funding your investments.

Below is an excerpt from the article:

"With Canada's economic growth a modest 2% and inflation about 2%, it is hard to grow new wealth in today's fragile world. One sure solution is keeping firm control of the costs that will erode your wealth. That means monitoring investment fees and limiting the amount of income taxes you pay, two things in an otherwise unpredictable environment that you can control.

Let's talk about tax efficiencies first. Consider investing any new money in the order in which it will most boost your after-tax results, choosing the biggest booster first. For example, a contribution to an RRSP would take precedence over a contribution to a Tax-Free Savings Plan (TSFA).

If you have taxable income, are age eligible and have RRSP contribution room, the RRSP will provide a win for you because of the tax savings it generates. Thanks to your ability to deduct the amount of your RRSP contribution from your taxable income, you will pay less income taxes — and generate extra dollars for investing — by the amount of your marginal tax rate. For example, if you are in a 30% marginal tax bracket, every $1,000 invested in the RRSP takes $300 off your income taxes."

READ THE FULL ARTICLE ON THE KNOWLEDGE BUREAU WEB SITE >>

 


THE TOP 10 INVESTING MISTAKES BUSINESS OWNERS SHOULD AVOID

Business owners are in the unique position of having personal income and business finances tied closely together. This means you have a greater degree of control to structure your compensation in a way that provides the most benefit from a taxation standpoint.

David Sung's article in Business in Vancouver discusses 10 mistakes that business owners should be aware of in order to make the smartest decisions on handling their personal and business finances for best results.

The mistakes the article discusses are:

  1. Paying too much tax
  2. Not being diversified enough
  3. Following conventional financial planning strategies
  4. Not demanding transparent reporting from financial advisors
  5. Permiting key advisors to operate in silos
  6. Not maximizing the perks of incorporation
  7. Being an emotional investor
  8. Growing without a succession plan
  9. Not having sufficient risk protection
  10. Separating charitable giving from investment planning

READ THE FULL ARTICLE ON THE BUSINESS IN VANCOUVER WEB SITE >>


BOOK OF THE MONTH: THE RRSP SECRET - DEFEND AND BUILD YOUR WEALTH WITH THIS POWERFUL INVESTMENT STRATEGY

The RRSP Secret: Defend and Build Your Wealth with This Powerful Investment StrategyIf you're a Canadian investor who's feeling ripped off lately, you're not alone. Canadians pay the highest fees in the world when it comes to investments in RRSPs and other registered accounts. Is this just because Canadians are foolish, or is there something more sinister at work?

Now, and for the first time, The RRSP Secret reveals many of the financial industry's most closely guarded secrets - providing the individual investor an unprecedented view into how the financial system negatively impacts the financial freedom of most Canadians. More importantly, the book outlines specifically how to defend your wealth and use a little-known strategy to create double-digit returns - the same way the banks do.

CLICK HERE TO PURCHASE FROM THE AMAZON.CA WEB SITE >>

 


FEATURED IPHONE APP: INSTAPAPER

InstapaperWith all the articles and information making their way onto our computer screens and mobile phones each day, information overload is a serious understatement. If you frequently come across articles that you'd like to read, but just don't have the time at the moment, you can use InstaPaper to save them to read at a later date when you have time like when you're commuting, in a meeting, or waiting in line.

Save web pages for later offline reading, optimized for readability on your iPhone or iPod touch's screen. Also available for Android smart phones.

Sending to Instapaper is supported by over 150 other iPhone and iPad apps! You can even send long emails to Instapaper to read later.

CLICK HERE TO DOWNLOAD FROM THE APP STORE >>


TAKING CARE OF BUSINESS IN A SNAP

September 20, 2012
9:00am - 11:00am
BCIT Downtown Campus
Room 830
555 Seymour Street Vancouver

Witness from the point of view of a manager or professional who has a lot to get done in a day how that work can be accomplished so much faster and effectively. Attend our seminar for a demonstration of a new way of working. You will see in action SharePoint 2010 functionality such as, document and records management, work flow and electronic forms.

CLICK HERE FOR MORE INFORMATION >>


EXPANDING YOUR BUSINESS TO THE U.S.?

September 26, 2012
7:30am - 10:30am
Abercorn Inn
Richmond, BC

Business owners and Chartered Accountants will learn the U.S. tax risks, rewards, and steps to take to establish a business in the U.S. 

Brought to you by your VSH CPA's, cross border taxation specialists. With guest speaker Jim Pettinger of International Market Access, Inc.

CLICK HERE FOR MORE INFORMATION >>


SOHO SME BUSINESS EXPO & CONFERENCE

October 17, 2012
Location TBD
Vancouver, BC


The SOHO SME Expo provides opportunity for business professionals, entrepreneurs, industry leaders and experts to interact, and participate in many ways to fuel the success and growth of small and medium businesses.

Attendees are key executives, decision makers, influencers and marketers from small and medium size businesses. The SOHO|SME also attracts business associations, networking groups, and key representatives from both the private and public sectors supporting small business.

CLICK HERE FOR MORE INFORMATION >>


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

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