News You Can Use
Helping your business to thrive.
The Federal Budget and You
On April 7, 2022, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2022: A Plan to Grow Our Economy and Make Life More Affordable, to the House of Commons. No changes were made to personal or corporate tax rates, nor...
Ontario Staycation Tax Credit for 2022
The provincial government's "staycation tax credit" is now in effect for Ontarians who plan getaways within the province this year. The temporary Ontario Staycation Tax Credit for 2022 aims to encourage Ontario families to explore the province, while helping the...
Canada Recovery Hiring Program (CRHP)
The 2021 Federal Budget introduced the new CRHP which would provide eligible employers with a subsidy of up to 50% of the incremental remuneration paid to eligible employees in respect of June 6, 2021 to November 20, 2021. The higher of the Canada Emergency Wage...
COVID-19 Update
Based on the announcement on Tuesday, January 12, 2021, the Ontario Government has implemented enhanced measures/restrictions and issued an order requiring residents to stay home starting Thursday at 12:01am for the next 28 days. Ontarians are asked only to leave home...
Important Deadlines in 2021
There are some important deadlines in the next couple of months that we want you to be aware of. My Business Account If you have not yet created a My Business Account, we encourage you do so through the CRA website. It is a way to access your accounts securely and...
Business growth isn’t just sales
I have heard business owners say that they don’t want to grow their business anymore because more sales will just mean more problems. But growth isn’t just sales. As we have communicated over the years, we believe that there are just 4 ways to grow your business. So...
Job Posting – Accounting Technician
This position has been filled. Thank you to all applicants. Since 1990 Davies & Associates has been providing business advisory and accounting services in Kingston and the surrounding area. As trusted advisors, we truly care about building long-term relationships...
Failing to Plan Could Mean Planning to Fail
The life of the small business owner can be very hectic fighting day-to-day fires; long hours and looking after the needs of customers and employees with little time left to plan and look after finances. Often, the short comings of the business are only discovered...
Strategies to Save Your Business during the COVID-19 Pandemic
The COVID-19 crisis has brought to light the things that businesses have not been doing well but have gotten away with when times were good. Businesses who were not managing cash flow, not using forecasting tools, nor paying attention to how they were running their...
Canada Emergency Wage Subsidy (CEWS)
On Wednesday, April 22, Canada Revenue Agency (CRA) announced further details of the Canada Emergency Wage Subsidy (CEWS). The subsidy generally covers 75% of an employee's wages - up to $847 per week - for employers of all sizes and across all sectors who have...
Helping Business Owners Navigate These Crazy Times
How are you navigating in these crazy times? As profit and growth advisors, we encourage business owners to take this time to look for ways to change their business so they can adapt to business after this crisis. On Tuesday and Friday mornings at 10:00am we host an...
Businesses Supporting Businesses During COVID-19
Being a business owner can be lonely and the weight of responsibility is felt particularly in times like these. Small mid-sized family businesses are vulnerable because of the COVID-19 crisis and we want to help you survive. As a business owner would you like to: Hear...
Bridging the Skills Gap
In previous blogs, I have written about the importance of investing in your people. Here is an article that give 5 tips to bridge the skills gap. Bridging the Skills Gap As in 2019, the skills gaps data continues to show trending upwards- meaning that gap is...
Focus on Profit Instead of Revenue
As profitability and growth advisors, we remind you, that it is not what you make, but what you keep. Too often, business owners focus on sales without regard whether it is the right customer or whether it is a profitable service or product line. Here is an article by...
Are you running the business or is the business running you?
So often, business owners have no goals - no place they want their business to get to - and so in reality, they have no plan for getting anywhere. Each day they struggle – chasing their tails, putting out fires - just to get to the next day where they repeat once...
Creating a Dream Business
In October I was honoured to receive the 2019 Dream Practice Award at the Enlightened Business Conference in Las Vegas. It was very special because I was surrounded by my team, the people who have worked with me over the last year to make it possible. How do you...
Becoming a Growth and Profitability Expert: An Interview (Part 2)
Our last post featured the first half of an interview I conducted with Deanna Davies about her interest in growth and profitability and her passion for helping businesses achieve this for themselves. This month’s post features the conclusion to our discussion, in...
Becoming a Growth and Profitability Expert: An Interview (Part 1)
A few weeks ago, I traveled to Kingston and met up with Deanna Davies. After discussing a few business matters, we got talking about last month’s post on growth and profitability. Previously, when talking about the ideas that led to that post, I’d noticed that this...