HGA 3-Minute Update!

HGA Tax: GST Standard vs. GST Quick
If you own a small business, you may have heard that the Canada Revenue Agency (“CRA”) allows GST reporting in one of two ways – the Standard Method, or the Quick Method.

If your business qualifies for the Quick Method, an election must be filed with the CRA to remit GST under the Quick Method. The Standard Method automatically applies if your business doesn’t qualify, or if it qualifies but the election isn’t filed.

So, which one is right for your small business? Does your business qualify for the Quick Method? If it does, will you save time or money? Read about it on our website at the link below!

Read about the GST Quick Method

HGA Accounting: How to create a winning loan proposal

Applying for a business loan may seem daunting. However, our friends at BDC have prepared a guide to preparing a winning loan request. Here is some recommended information/documentation to include in an effective loan proposal:

1) Historical financial information
2) Identify how much you have invested in your business or the collateral you are willing to offer in exchange for a loan
3) Check your credit score and be familiar with the personal financial information you will be asked to provide

Read the entire article on our website at the link below.

Read more about creating a winning Loan Proposal

HGA Client Spotlight:
RJ Hoffman Holdings Ltd.
RJ Hoffman Holdings Ltd. is a family-owned trucking company that provides oilfield services in Saskatchewan and Alberta.

With operations based in St. Walburg, SK and Lloydminster, AB, RJ Hoffman provides tank cleaning, vacuum, flush by, steamer, slop handling and pressure truck services for oilfield customers. They also provide qualified safety watch personnel for battery turnarounds and shutdowns.

We're proud to highlight RJ Hoffman Holdings this month in our Client Spotlight! If you would like to learn more, check out their website at the link below.

Visit their website!

HGA Insurance: Protect your presents! Get them insured.

Did you receive a gift of value over the holidays? Whether it's jewelry, exercise equipment, game consoles, or anything else of value, be sure that you protect your gifts and get them insured.

Have questions? Give our Insurance Team a call, and they would be happy to help!

Grey Street Media: Be true to your brand identity & attract more leads
The terms "brand" and logo" are often used interchangeably. Although a logo can be the symbol for a business, it is not the entirety of a brand. In fact, creating a logo is just one small step toward developing a strong brand identity.

With millions, if not billions, of businesses trying to make a name for themselves, having a strong brand has become crucial for businesses to differentiate themselves from their competitors.

Click the link below to read more about Developing an Effective Brand Identity On & Offline on our blog!

Learn more about developing your brand in 2020

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