Small Business Archives - NVS Professional Corporation

Clean economy investment tax credits Canada

Key Insights

Clean Economy Investment Tax Credits 2024

Can your business benefit from the new Clean Economy ITCs? To support Canada’s goal of achieving net-zero emissions by 2050, the government has identified six key areas that will receive major economic ITCs in 2024 and beyond. With the passing of Bills C-59 and C-69, the legislation for the first four ITCs has now received royal assent. These ITCs represent a significant opportunity for tax savings, with roughly $93 billion in federal incentives being made available by 2034-35. To learn more about the Clean Economy ITCs and what they mean for Canadian businesses, check out our Key Insights.

NVS Professional Corporation September 18, 2024

Business decision makers assessing a company's key performance indicators

Advisory

Key Performance Indicators – Setting Your Business up for Success

In the modern digital world, data is power. Businesses that know how to use it hold the cheat sheet for sustained growth and long-term success. That’s where Key Performance Indicators (KPIs) come in. KPIs assess how effectively a company achieves its goals. They transform raw data into actionable insights essential for informed decision-making. By tracking KPIs, companies can identify trends, forecast future performance, and benchmark against competitors, ensuring that every step taken is a step forward. To learn more about KPIs and how to select the right ones for your enterprise, check out the full article here.

NVS Professional Corporation August 22, 2024

Business owner with wooden models of people between their hands depicting employee ownerships trusts

Key Insights

Employee Ownership Trusts

Business owners, are you up-to-date with Canada’s recently enacted Employee Ownership Trust (EOT) framework? EOTs provide a viable alternative to traditional exit strategies that can ensure the longevity of a business by placing ownership into the hands of those who know it best—its employees. For business owners considering their succession planning options, EOTs offer a tax-efficient means of transferring ownership. They’ve also been shown to improve business performance by creating a sense of shared ownership and investment in the company’s future. To learn more about the new EOT framework and what it means for your business, check out our Key Insights here.

NVS Professional Corporation August 16, 2024

Magnifying glass investigating quality of earnings

Accountancy

Buying or Selling a Business – Quality of Earnings Reports

In mergers and acquisitions, obtaining a detailed Quality of Earnings (QoE) report is the cornerstone of effective due diligence. QoE reports focus on the accuracy, sustainability and predictability of earnings. They don’t just examine revenue, cash flow and profit margins, they review assets, working capital, debt structures, accounting policies and financial controls. Through expert analysis, QoE reports assess past performance and future projections while uncovering potential risks and opportunities that may not be apparent from standard financial statements alone. Read to full article to learn more about this crucial document.

NVS Professional Corporation August 14, 2024

Business managers innovating and discussing new ideas in background with lightbulb drawing in foreground

Advisory

SR&ED Tax Incentives – A Comprehensive Guide

The SR&ED program provides more than $3 billion in tax incentives to Canadian businesses annually. You don’t need to be a mega corporation with dedicated R&D facilities to apply. Innovating companies from any sector can carry out work that is eligible, with roughly 75% of the funds going to small businesses. Read our essential guide to learn more about these powerful tax incentives and how they can help your company drive growth and innovation.

NVS Professional Corporation May 30, 2024

Row of yellow pencils with one teal pencil rising above the rest depicting the qualities of leadership

Advisory

Leadership in the Workplace – Getting the Best Out of Your Team

Building an efficient and productive team isn’t just about hiring the right people – it’s about how you manage and lead those people. From communication to talent management and task delegation, your leadership style sets the tone for your business and directly impacts overall performance. Join us as we discuss the key aspects of effective leadership so that you can get the best out of your team and propel your business to new heights.

NVS Professional Corporation January 31, 2024

Tag: Small Business

Clean Economy Investment Tax Credits 2024

Key Performance Indicators – Setting Your Business up for Success

Employee Ownership Trusts

Buying or Selling a Business – Quality of Earnings Reports

SR&ED Tax Incentives – A Comprehensive Guide

Leadership in the Workplace – Getting the Best Out of Your Team

Featured Articles

Death and Taxes – Estate Planning Canada

Key Performance Indicators – Setting Your Business up for Success

Buying or Selling a Business – Quality of Earnings Reports

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