OSI Outsource It Consulting Inc.

What exactly is Profit? Really, it's just your income less your expenses. Another way to look at it - UNSPENT income. Profit can be a good indication whether you are ready for growth as well. If your biz has very little profit at it's current size, it may be even less profitable when it grows. Do you have reliable data to plan your profit goals out?

You need to know your numbers - that's a fact. If your business finances are unclear or out of order, you can't make smart business decisions. Maybe you're overwhelmed or even a bit scared with all the things you need to stay on top of - governing bodies, clarity around books - or even knowing if your bookkeeper is keeping things straight.... But here's the thing - you're not in the business of bookkeeping. We are. With our specialized systems you'll get that bookkeeping information plus a whole lot more. You don't have to feel that worry or stress around your finances. With our systems you'll have real-time data, reports on due dates for EVERYTHING and all things upcoming on the horizon. Kick the stress of missed due dates, wrong numbers or confusion. Let our team take care of you.

Day 3 of my 2.5 weeks solo, (hubby back to camp & kids visiting grandparents!) I think I’m starting to find my groove! Monday was hard, I was lonely & I didn’t expect to feel that way... I’ve been looking forward to this break for awhile....I felt the feels & went into work mode, I truly love my work & being able to dive deep & not break away for other obligations - feels amazing to me! I put in some solid days the last few days & was able to tackle some things that have been on the back burner for awhile,...but today- I skipped out early & joined a few friends at the river for some swim time...it was so nice to get out & have fun & be adventurous! I’m feeling re-energized & ready for tomorrow- a full day with my good friend aka branding guru, to work on branding for the biz!

Such a great idea- virtual BBQ! Thanks @malindalarsh @ig_gvi for the invite, the food was amazing! Looking for a financial advisor, who continues to go above & beyond?? I’ll hook you up! #igbbqbox @smokingeorgesbbq put together an amazing bbq box - lots of local goods too!

It felt so good to make time for me, a short visit to the beach, my favorite place to reflect The past few months honestly feel like a blur, it’s been go go go, and not enough ‘pause’ time. Felt good to get focussed again!

No better time than NOW to do a password audit, both personally & in your business! Change it up, and use a password manager! We love LastPass here at OSI!

A short video on how to setup your 'My Account' (individual) with CRA

OSI now has a YouTube channel! More videos to come and taking requests, please drop us a comment below if there are any topics you would like to see a video of from us! Make it a Great day!

I created a quick video with a colleague of mine, discussing basic strategy for Small Business owners pertaining to COVID-19.

What you need to know in respect of Canada's COVID-19 Economic Response Plan. You can download the file from our website. Thanks to https://www.videotax.com for putting this document together for our industry!

The deadline to file your income tax and benefit return has been extended from April 30th to June 1st, 2020. The deadline to pay any 2019 balance has been ex...tended to August 31st, 2020. This means all 2019 balances paid before September 2020 will not incur any penalties and interest. We encourage you to file your income tax and benefit return electronically and as soon as possible to make sure your benefit and credit payments are not interrupted or delayed. For self-employed individuals and their spouse/common-law partner, 2019 balances paid before September 2020 will not incur any penalties and interest. Your income tax and benefit returns must still be filed by June 15, 2020. Businesses will be allowed to defer until after August 31, 2020, the payment of any income tax amounts that become owing on or after today and before September 2020. We will not contact any small or medium businesses to initiate any post assessment GST/HST or Income Tax audits for the next 4 weeks. The due date for trusts with a tax year ending December 31, 2019 will be extended to May 1, 2020. Trust payments due before August 31, 2020 are also all extended to August 31, 2020. Anything not covered by this measure will be considered on a case-by-case basis. More information on the financial measures introduced by the Government of Canada in response to COVID-19 here: http://ow.ly/WdC550yPiEf

Some info for small business owners that are finding they have to produce ROE's during this crisis. Service Canada is overloaded with calls right now, as you can all imagine.

I thought some of this was quite useful, and could be to other business owners as well. https://www.jacquelinefisch.com/blog/crisis-swipe-copy