This illustration of COVID 19. Illustration created by the CDC.

July 13, 2020 – Padgett Office Update COVID-19

Simcoe Muskoka has created a Mask Policy for our Region.  Details can be found here: http://www.simcoemuskokahealth.org/docs/default-source/COVID-/20200707-face-covering-indoor-spaces-faq-public.pdf?sfvrsn=2 WE ARE OPEN FOR BUSINESS! Regular office hours in Orillia are 9-5m Monday to Thursday, and 9-2 Friday.    Regular office hours in Barrie are 9-5 pm Monday to Thursday, closed Friday. PLEASE CALL OR EMAIL before visiting either office, ... Read more July 13, 2020 – Padgett Office Update COVID-19

April 28, 2020 Update: 75% Wage Subsidy Information:

As you are no doubt aware, the application process opened for this program on Monday April 27. I have spent considerable time reading and reviewing information about this complicated program, including attending a webinar on the program yesterday afternoon. Some important points to share: the first step is to determine if your business is eligible. ... Read more April 28, 2020 Update: 75% Wage Subsidy Information:

This illustration of COVID 19. Illustration created by the CDC.

Mar 31 Office Update

Mar 31 Office Update The current COVID-19 crisis has impacted us all. We at Padgett are committed to be of assistance to our clients in every way we can. Please let us know if you need assistance navigating the various Government programs and benefits that are becoming available to help Canadians.  Please check this government ... Read more Mar 31 Office Update

This is a photo of a woman at a laptop. The QuickBooks logo and the Padgett logo are on the wall behind her.

Padgett joins forces with Intuit QuickBooks Canada

PADGETT BUSINESS SERVICES®, a leading source for small business tax, accounting, payroll and business advice, and Intuit Canada, makers of QuickBooks, Canada’s leading financial management software, have joined forces to create greater efficiencies in Padgett’s cloud-accounting services for small business owners. Under this agreement, Padgett has selected QuickBooks’ all-in-one accounting software as their cloud accounting ... Read more Padgett joins forces with Intuit QuickBooks Canada

When Should You Expand?

Congratulations on even having to answer this question. If you are in this position, you have done a number of things correctly. First, you have been able to successfully start a business and develop it to the point where a second or expanded location is a question that you must address. You will find that ... Read more When Should You Expand?

Starting a Small Business

Congratulations! You’ve taken, or are about to take, one of the steps that will change your life. Most people who work for themselves will tell you their worst day being self employed is better than their best day as an employee. The difference is based upon the idea that the accomplishments are yours, and yours ... Read more Starting a Small Business

Raising Money with Your Banker

It is very difficult to run even the most profitable business without some bank financing. When a company grows or when it’s growth is uneven, chances are that it will out-pace the cash flows that it generates. In many cases the business cycle is uneven with a disproportionate amount of business part of the year. ... Read more Raising Money with Your Banker

Preventative Accounting

It would seem that after centuries of double-entry bookkeeping, nothing more could be said about accounting. Up until now that was probably true, but now accounting has to move to the next step. Instead of just speaking about the past in the format of numbers, we must begin adapting numbers to actions in the future. ... Read more Preventative Accounting

Preparing a Cash Flow Projection

Throughout your business career, you are continually asked to predict the future. Your banker wants to know how you will repay loans. You hire new employees with the expectation that the volume of future work will support them. You purchase a new delivery truck because you expect the future to require it. We often predict ... Read more Preparing a Cash Flow Projection

How to Select a Good Accountant

The quick and easy answer to how to select a good accountant is to say, “Select me!” That, however, is not the purpose of this article, so we will provide you with some additional criteria for the selection of an accountant for your business. Before we discuss the attributes of a good accountant and accounting ... Read more How to Select a Good Accountant