Entrepreneur's Startups Magazine - Print Issue March 2022

entrepreneur Mar 24, 2022

Less than 24 hours since Entrepreneur Media semi-annual print issue was published, I woke up this morning to a flooding of my inboxes from strangers around the globe who connected to my feature piece.

While it's beyond flattering to be selected, it is always the feedback and connections that mean the most.

They say it takes a startup an average of 3 years to get a solid footing and foundation set. What happens during this time?

You learn what works and what doesn't.
You gain and you lose; money, patience, time, people....
It can be an extremely lonely and isolating journey (without the compounded effect of doing so during a pandemic).

To all the #entrepreneurs just getting off the ground or in flight, take advantage of the stories shared and learnings, if you can be spared one mistake it's definitely worth the time.

Download or visit your old school newsstand!

https://www.zinio.com/ca/entrepreneur-s-startups-m5668

 

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What's New for 2021 - Canadian Taxes

canadian tax Feb 21, 2022

Stay up to date with the latest for your Canadian tax return for 2021

Here are the some of the changes specific to COVID that you should be aware of:

COVID-19 benefit repayment - If you repaid all or part of COVID-19 benefits received in 2020 or 2021, you're able to choose the year to deduct the repayment amount. You should receive a slip reporting repaid amounts for EI (T4E) as well as CERB, CRB, CRCB, and CRSB benefits (T4A).

 *You must select the year to claim the repayment

Work-from-home expenses - If you had to work from home due to COVID-19 closures in 2021, you're able to make claims in the Employment Expenses section on forms T777 or T777S, under the same rules introduced in 2020.

Provincial COVID-19 assistance - One-time provincial payments to help you through COVID-19 are not taxable and should not be reported as income on your 2021 tax return.

 There have been some general tax changes as well to consider:

Disability Tax Credit - The eligibility requirements for...

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Entrepreneur.com: How Amazon's Domination Could Benefit Your Business

Learn about the benefits and key processes associated with becoming an Amazon Seller to ensure you make the right choice for your business.

Orginally written for Entrepreneur.com

https://www.entrepreneur.com/article/368145

 

Revenue from brick-and-mortar sales channels are decreasing, ecommerce is on the rise, and there is one company that owns roughly 40% of the ecommerce market: Amazon.

Even before Covid-19, Amazon saw its revenue and growth increase year after year. During 2020, though, the company saw a 60% increase between April and July alone. At this point in time, we don't know what a post-pandemic marketplace will look like for most businesses. But business owners should consider the best path forward to bring in consistent revenue and keep their real and virtual doors open.

Amazon’s success is important because it allows small businesses worldwide to capitalize on its growth and expands the scope...

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