Accountapotamus Inc.
235 Terence Matthews Cres., Suite 100 K2M 2B3 Kanata, ON, Canada

We are THRILLED to announce we have put a total of $301,877 into our client's bank accounts, in the last four days alone, by helping them complete their applications for the Canada Emergency Wage Subsidy (CEWS). Now that's a good week's work that sends us home happy. Have you applied for the CEWS yet? If you're a business running payroll and have seen a reduction in your revenues since March, chances are you're eligible to have this wage subsidy cover 75% of your payroll ...costs from mid-March to the end of August. Recoveries on a smaller scale will be available after this time until the end of December. Would you like us to take a look and help you find all the resources available for your business during these trying times? We're in this together. Contact us today - we're here to help!

Please join us in wishing Patti a very HAPPY BIRTHDAY!! We hope you have a wonderful day filled with everything that you love. Here is a throwback photo to last years surprise party to make you smile!

Hey everyone! It's me again, Accountapotamus' #1 assistant Mr. Yuk, here to bring you small business updates during this pandemic! PM Justin Trudeau announced new measures today to support Canadian businesses so they can keep their doors open and their employees on the job. The Government of Canada is:... - Expanding the Canada Emergency Business Account (CEBA) to businesses that paid between $20,000 and $1.5 million in total payroll in 2019 (replacing previous $50,000 and $1 million). Since the launch of the CEBA on April 9, 2020, more than 195,000 loans have been approved by financial institutions, extending more than $7.5 billion in credit to small businesses. - Announcing its intent to introduce the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The program will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for the months of April (retroactive), May, and June. Implementation of the program will require a partnership between the federal government and provincial and territorial governments, which are responsible for property owner-tenant relationships. More details to share soon when they come up. Woof!

Hello all. My name is Yuk and I am a retired sled dog who was adopted by Accountapotamus' Myriah Saulnier last year. I am technically her assistant now since she has been working from home during these strange times (I'm still retired, but she pays me in peanut butter and bananas, so I'm not complaining), I'll be keeping you up to date regularly with any new and helpful business news that I come across from that guy with the nice hair that talks on TV every day. On that no...te...TODAY HE LET US KNOW ABOUT SOME GREAT CHANGES TO THE ELIGIBILITY REQUIREMENTS FOR THE 75% WAGE SUBSIDY! WITH THESE FLEXIBLE NEW RULES (AS LONG AS THIS PASSES IN PARLIAMENT TODAY), MORE BUSINESSES SHOULD BE ABLE TO ACCESS THIS FINANCIAL AID :D Please see below for the specifics: - To measure their revenue loss, it is proposed that all employers have the flexibility to compare their revenue of March, April and May 2020 to that of the same month of 2019, or *to an average of their revenue earned in January and February 2020*. - For March, the Government proposes to make the CEWS more accessible than originally announced by reducing the 30-per-cent benchmark to 15 per cent, in recognition of the fact that many businesses did not begin to be affected by the crisis until partway through the month. - In recognition that the time between when revenue is earned and when it is paid could be highly variable in certain sectors of the economy, it is proposed that employers be allowed to measure revenues either on the basis of accrual accounting (as they are earned) or cash accounting (as they are received). Special rules would also be provided to address issues for corporate groups, non-arm’s length entities and joint ventures. - Registered charities and non-profit organizations will be able to benefit from the additional flexibility being provided to employers with respect to the revenue loss calculation. In addition, to recognize that different types of organizations are experiencing different types of funding pressures, it is proposed that charities and non-profit organizations be allowed to choose to include or exclude government funding in their revenues for the purpose of applying the revenue reduction test.

Applications for the Canada Emergency Response Benefit open on Monday, but to make sure the system can handle all of the requests, we’re staggering the days you can apply based on your birth month. Find out when you can apply below:

Do you have a CRA My Account? We will soon be accepting applications for the new Canada Emergency Response Benefit. You can get ready to apply online by setting... up your CRA My Account now, and signing up for direct deposit to get your benefit more quickly. http://ow.ly/3PdP30qtXlT Note: If you’re already signed up with My Service Canada, you are all set! You can access the CRA My Account portal there. For more information, go to: Canada.ca/cra-coronavirus