Why Ottawa’s Entrepreneurs Have the Tools to Survive COVID-19
Our Managing Partner, Susan Richards, FCMA, FCPA was recently published and featured in the latest issue of the Ottawa Business Journal. Susan contributed an article for local Ottawa, Ontario entrepreneurs and to help them survive and thrive during COVID-19. READ NOW
The Growing Popularity of Outsourced Departments
COVID-19 has forced a lot of companies to rethink how they do business. Processes and procedures have all been looked at with a fine tooth comb to find efficiencies, cost-savings and overall productivity from a remote working environment. There has never been more pressure for companies to adapt to survive and innovate with the use […]
The #1 Piece of Bookkeeping Advice for Lean Startups & New Businesses
Don’t use your personal accounts for business transactions As a start-up we understand the need to keep expenses as low as possible while you are first starting out. Although we encourage you to run lean, it is absolutely essential to have a business bank account and credit card – don’t use your personal accounts. All […]
Cloud Accounting For Small Businesses Webinar Now Available
Our Managing Partner, Susan Richards, FCMA, FCPA was a special featured guest on RZ Consulting‘s recent webinar (April 14, 2020) on Cloud Accounting for Small Businesses with Tarek Belghith. The webinar was presented by the Kanata-Carleton Small Business Network and Kanata Central. In this webinar they discussed how to leverage cloud technology and app integrations […]
5 benefits of a Virtual CFO for Startups
Opportunities abound in this ever-changing world for start ups to scale to sustainable success. As rapidly as COVID-19 has swept the globe, so grows the demand on technology tools to enhance our experiences like never before. But not every idea will become a financially sustainable success so some expertise early on can stack your odds. […]
COVID-19 Canadian Government Financial Support Improvements for Businesses – April 7th, 2020
Updates for the qualification of COVID-19 Government Financial Support Wage Subsidy of 75% – April 7th. Problem #1: COVID-19 did not really hit us hard until mid-March, so even bricks and mortar businesses that were forced to close up only did so in the second half of the month. So a 30% drop in business […]
Canada Business Credit Availability Program: Do You Qualify? What Info Do You Need?
The Canada Business Credit Availability program provides $40k government guaranteed loans to small businesses and non-profits to help cover operating costs that cannot be deferred such as payroll, rent, utilities, insurance, debt payments and property tax. This will essentially work like a revolving line of credit for 2020. At the end of this year any […]
Everything You Need to Know About the 75% Canada Emergency Wage Subsidy
On Friday, March 27th the Prime Minister lifted spirits by agreeing with business owners that the 10% wage subsidy was just not enough and that he would be lifting it to 75%. I could practically hear cheering in the streets by many. Could this be the support required to keep businesses viable during this 100 […]
numbercrunch’s COVID-19 Resources Featured in FinanciElle: Women Making Money Moves Blog
Avoiding Layoffs Through the Work-Sharing Program (WS) – March 30, 2020
Employers are now looking for options to maintain employees while reducing employment costs. One program that many are talking about is the Work-Sharing (WS) program. This is an Employment Insurance (EI) program that helps employers and employees avoid layoffs when there is a temporary decrease in business activity beyond the control over the employer. The […]