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COVID-19 business services
Exploring the full potential
Amanda

Canada Emergency Wage Subsidy (CEWS)

Changes have been announced to the Canada Emergency Wage Subsidy and the CRA has loaded more details onto their page (which you can read in full here).   In this article I will highlight the significant changes along with clearly outlining how it will work.  There are grey zones and we will continue to unpack this every changing environment and encourage you to call our office if you have specific questions.

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April 9, 2020
COVID-19 business services
Exploring the full potential
Amanda

Canada Emergency Response Benefit – Updated

  Canada Emergency Response Benefit (CERB) applications open on Monday April 6th.  There are still lots of questions and concerns so we’ve updated our initial post with new information. Who Qualifies for the Canada Emergency Response Benefit Our self-employed / business owning clients are of course extremely stressed about how they will continue if they’ve shut up shop.  Further our clients with employees are stressed and concerned about how their

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April 5, 2020
COVID-19 business services
Exploring the full potential
Amanda

Canada’s 75% Wage Subsidy – some details

We know that like us you’ve been waiting for some details about Canada’s 75% wage subsidy.  Here is what we know so far.  Here is a video of Finance Minister Bill Morneau answering some questions – our breakdown is below. What is it A wage subsidy of up to 75% of pre-crisis wage for your employees up to $847 weekly. Who Qualifies Businesses who have seen a 30% drop in

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April 1, 2020
COVID-19 business services
Exploring the full potential
Amanda

Canada Emergency Response Benefit

  This morning Justin Trudeau announced the new Canada Emergency Response Benefit to replace the earlier announced Emergency Care and Emergency Support Funds.  Due to the unprecedented level of applications and in order expedite Canadians getting money in their pockets this fund will pay Canadian’s $2000/mo for the next four months. Who Qualifies for the Canada Emergency Response Benefit Our self-employed / business owning clients are of course extremely stressed

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March 25, 2020
Tax preparation
Exploring the full potential
Amanda

Amanda’s Top 5 Tips for Working from Home

Before this week our team at It’s Your Time worked communally from our offices.  But with COVID-19 we felt it wise to have our staff move into their home offices so we could stay health and strong to support our clients and each other.  However, back in the early days of It’s Your Time, when it was just me, I worked from my home office every day.  While working from

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March 23, 2020
COVID-19 business services
In the News
Amanda

COVID-19 and Your Business

Our phones have been ringing all day with clients wanting to know what if any relief there is in sight for them as business owners during COVID-19.  Today Justin Trudeau announced an additional $82Billion to support Canadians and businesses.  This article breaks down the various programs and initiatives and how they will affect you or your business and how you can access them. Sick Leave If your employees need to

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March 18, 2020
person thinking
Finance
Amanda

Can you file taxes on your own?

Yes, you can file taxes on your own. The question is: should you? The CRA and tax software applications are striving to make the process easier and easier and for people that have simple employment income with no deductions it makes sense to file on your own. The problem is that even the best software wizards aren’t able to explain all the nuances and possible exceptions involved with filing taxes.

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January 29, 2020
invoicing apps that make life easier
Software We Love
Amanda

Invoicing Apps That Make Life Easier

The days of carbon copy invoices are rapidly ending as businesses and clients alike are looking for electronic solutions.  Business teams on the go need to be able to track time and invoice quickly.  Tracking time on the go reduces the chance of lost time (lost money): having that time dialed into your invoicing platform for quick and easy invoicing improves cash flow and client relations. Stop losing employee time

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January 25, 2020
Exploring the full potential
Amanda

Amanda’s Top 5 Tips for Networking

There’s only a few of us that really love networking; that get a thrill from walking into a room full of strangers eager to see who we will meet and who we can connect.  However, even us networking enthusiasts don’t want to waste our time.  Here are our top 5 tips on how to optimize your networking efforts. Go with a plan.  This can’t be stressed enough. For sure you

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September 7, 2019
Business Services, Business Support, Bookkeeping, Reception, Admin, virtual assistant
Delegating
Amanda

Top 4 Reasons to work with Customer Support Services vs a Call Centre

How many times have you missed a sale or important call because you’ve been busy with your business?  Almost worse: you answered the call and promptly forgot to deal with it as you returned to working.  This is the problem that call centres claim to resolve.  In reality while call centres will answer your phone, they will simply take a message for you to deal with when you have time

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August 20, 2019