At Swainson Alexander LLP, we believe in building long-term relationships with our clients by adding value to their business or clarity to their tax situation. Our team of Chartered Professional Accountants serves Red Deer and Central Alberta with comprehensive accounting and tax advice. We can help you improve your accounting system, file your taxes, make sense of your business numbers - Swainson Alexander LLP covers a full spectrum of accounting and tax services of both personal and corporate clients.
Temporary Wage Subsidy Procedures
The government of Canada has announced measures for employers to help with the cost of wages during the COVID-19 situation.
Eligible employers who have experienced a 30% decrease in revenue for a month in 2020 (15% for March 2020) compared to either that month in 2019 (i.e. March 2019 compared to March 2020) or the average of January - February 2020 can apply for a 75% subsidy of gross wages paid in that month. The applications for this subsidy will be done online, and a portal will be opened up for applications in approximately five weeks. Full details are still being released so check back on our website for further details or click the link below for the CRA's release.
Employers who don't qualify for this enhanced 75% subsidy can still receive a 10% subsidy to aid with wage requirements. This is done through a reduction of source deductions remitted, based on a manual calculation of 10% of their gross wages on pay periods from Mar 15 - Jun 20, 2020, subject to certain limits. See the link below for details before making adjustments:
COVID-19 Advisory #2
With the focus on stopping community spread of COVID-19, we respectively ask that you review the following options when considering coming to our office during this time:
1) DO NOT ATTEND
IF YOU OR SOMEONE CLOSE TO YOU IS SHOWING SYMPTOMS OR HAS RECENTLY TRAVELLED IN THE LAST FEW WEEKS, PLEASE DO NOT COME TO OUR OFFICE. There are remote options to get your work done.
2) Remote attend
If you do not want to venture out, please call and we can arrange to prepare your tax return. We can obtain a number of your tax slips online, and discuss with you by phone which other items you may have. At that point you can take a pitcure of the items we do not have, and we will send you a secure email to send us the documents. For families who want to keep current with the GST rebate credit or child tax benefits, we would strongly encourage you not to wait.
3) Drop off documents
Directly inside our first street door is a mail slot directly into our office. You can quickly drop your sealed envelope through the mail slot. Just give us a quick call to confirm we have the documents.
If none of the risk factors apply to you (no symptoms or recent travel), and you would like to come to our office, please do. Please note we are cleaning after each visit, but the nature of the virus is such that even the best attempts may fall short.
Swainson Alexander LLP serves a wide array of personal and corporate clients in Red Deer and Central Alberta seeking accounting, business and tax advice, financial statements and income tax preparation.
Accounting expertise you can trust:
Irrespective of your industry or business sector, our team at Swainson Alexander LLP can always help your company. Give our Chartered Professional Accountants a call today.