Entries by onbiz

Tax Tips: Tuition & Textbook Credits

The federal tuition and education and textbook tax credit have been eliminated beginning in 2017. Any federal education tax credits that have been earned before 2017 can be carry forward and claimed in 2017 and in subsequent years. The Manitoba government has not eliminated its provincial education tax credit and there have been no announcements […]

Barry Timbury’s Retirement

Recently, one of our employees Barry Timbury retired. He brought over 30 years of service to ON Business and it was bittersweet to see him go. He always stressed how wonderful ON Business is as a company to every new employee and beyond. We cannot thank him enough  want him to know what a blessing […]

ONBusiness Buccaneers Win Dragon Boat Race

Arrrrre you ready for some good news? Dragon Boat Racing was a huge success! Collectively, the ONBusiness Buccaneers raised over $1,600 for cancer research. Our team WON in the last race…AND… we didn’t capsize! Here’s a few words from our mighty leader Dave Terrick: We speak of the ONBusiness “Team” so often, but getting ten […]

New Proposed Tax Legislation for Canadian Corporations

Last Tuesday July 18, the Federal government announced proposed tax legislation aimed at curtailing certain tax planning strategies using private corporations which -in the government’s opinion- undermine the equality and fairness of our tax system.  The announcement focused on these areas: Sprinkling income using private corporations:  draft measures include the extension of kiddie tax rules […]

Customer Service Via Email

Studies consistently show low levels of customer satisfaction with the ways in which businesses use emails. Too often, companies seem to be using email as a means of avoiding other forms of contact with their customers and their customers aren’t pleased. Their most common complaints include: – No confirmation that their email had been received, […]

10 Strategies For Getting Paid On Time

If we don’t get paid, we go out of business. So with more debtors delaying payment in these tough times, taking action to collect money should be a top priority for small companies. Few small businesses can afford to turn customers away, but being timid about stretched credit terms puts your own company in danger. […]

Danger Lurks In Your Inventory

Inventories have a way of growing. The justification is usually that ‘if we don’t have it we can’t sell it’, so a connection is made that translates as ‘the bigger the inventory we have, the more sales we’ll make’. If only it were so. Inventories are usually made up of many types of stock. There […]

Biting The Bullet On Financials

While there’s no escape from preparing the financial information for a business plan, a step by step approach will help make the task less onerous. Similar to the overall business plan itself, the financial information should be divided into specific sections to ensure focus and relevance. It should reflect short-term and long term strategies, be […]

Make Your Next Presentation A Great One

It happens every so often – you’re called upon to give a presentation and suddenly stage fright begins. Relax. There are lots of things you can do to make your next public speaking job a winner and once you’ve learned them presentations will never be a problem again. Start preparing for the presentation by making […]