OUT- SOURCING

What does it mean to you?  To Couzelis & Company it means succeeding in today’s market, by focusing your company’s core competencies and how allocating these internal resources wisely will fulfill the business goals.   Today with technology, refined policy and procedures documents, the need for a in-house full time large horsepower financial personnel has diminished.  Enter the part-time Controller, V.P. Finance or financial analysis.  By the hour or fixed contract, the company wins as the Out-sourced financial horsepower is used only when needed or to maintain systems. Not to mention the cost savings to the company (salary, benefits, space, equipment, vacation, maternity leave, sick days, continuity, etc). So, what does it mean to you?

BUSINESS PLANS

Write business plans for start-up and/or expanding businesses,
Project revenue, expense and cash flow,
Analyze profitability of new and existing revenue streams,
Recommend business continuity and succession planning strategies,
Analyze acquisitions and mergers,
Create value with your existing resources,
Budgeting and forecasting.

Couzelis & Company can help you plan the best utilization of your company’s financial and human resources. We develop budgets to give you a road map to profitable operations.

EMPLOYEE HANDBOOK

One of the best serving documents a business can create is the employee handbook. The handbook is an essential tool to keep administrative order and communicate your company’s rules, objectives, vacation policy, and sick day compensation to name a few.   Not only can it be helpful for rules verification, it can be useful to clearly communicate the company’s business operations and set the basis of company objectives.   With rules for low-level decisions answered, management can focus on the bigger picture of running a successful operation.

WHEN DO YOU HAVE A CAPITAL GAIN?

Usually, you have a capital gain or loss when you sell or are considered to have sold capital property.  Examples are:

You give property as a gift,

Your property is stolen,

You change all or part of the property’s use,

You die causing a deemed disposition.

TAX DEDUCTIBLE EXPENSES FOR 2004

-Reasonable fees for preparing and filing your tax return,

-Legal fees incurred to establish or collect employment income due to you,

-The cost of entertaining clients, which would include food, beverages, tickets, and entrance fees to entertainment or sporting events.  (Limited to 50% for tax purposes)

-Supplies used directly for work, which include items as pens, stationery, street maps, etc. 

-Work space in home as long as the space is where you mainly work, and you use it to regularly meet clients and customers.

-Salaries paid to a substitute or assistant so long as you complete a T2200 Declaration to Conditions of Employment, which is signed by your employer.

EXTRA – The Apprentice

Love him or hate him, he has always surrounded himself with good people with expertise he does not have.  This is a good business strategy, so when you find those talents, be sure you hang on to them tight.

http://www.couzelis.com/

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