August edition of Business Matters

Read the entire issue of Business Matters

The management article discusses staff burnout -- recognizing the signs and the stress that results. There is no doubt that many businesses suffer significant losses because of burnout. How do you, as an owner, effectively manage staff that are stressed? Read on! 

The taxation article is all about medical and moving expenses. Claimable medical expenses do vary by province. For example massage therapy is not a claimable medical expense in Manitoba. The article provides a good overview of amounts that qualify as moving expenses. There is an extensive list -- remember to keep receipts. Canada Revenue Agency does review almost every moving expense claim we file. 

I really like the "tone" of the management article entitled "A Joint Commitment". The article has the premise that "Any business is a joint enterprise between its employer and its employees". This article is primarily about employment contracts. Something to think about for your business!

The term virtual office has been around for many years. On paper the concept has a lot of appeal, but as the article points out, it is suitable only for certain types of businesses. Virtual offices can provide cost savings and professional "front desk" services without having to hire staff. It is quite possible that the use of virtual offices will increase as technology improves and the way that clients expect to receive services changes. 

We hope that you have enjoyed summer so far and that you are experiencing success both with your business and on a personal level!

- Jim M. Smith, C.A.