Crisis management tips for the COVID-19 pandemic

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It’s easy to get caught up in anxiety about the current state of the economy. While there is ample cause for concern about the financial ramifications of COVID-19, at Zeifmans we are also keeping a steady focus on our most important priority: People. We believe it’s critical to maintain perspective, particularly as it relates to ….

Protecting employees during the COVID-19 pandemic

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News of the COVID-19 pandemic crept slowly into the Canadian business landscape. At first, it seemed that we might be able to stave off the spread. But by mid-March the world was a very different place. Since the World Health Organization first declared the pandemic, organizations across the country have had to thoroughly examine their ….

Developing a property? Here’s what you need to know at every stage.

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The Canadian real estate market presents investors with a wide range of appealing financial opportunities. For both domestic and foreign land developers, a project in Canada has the potential to yield impressive and stable ROI for many years to come. As with any large real estate investment, the keys to success lie in thorough planning, ….

COVID-19 – Government benefits, subsidy and loan programs

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Following the official declaration of the COVID-19 pandemic by the World Health Organization, Canada’s Federal Government has introduced a number of stimulus benefits for individuals and businesses alike. These financial programs (some of which have been legislated) are meant to cushion the blow that so many Canadian business owners are facing, following the closure of ….

Navigating supply chain management and distribution during crisis

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For decades, best practices for supply chain management have emphasized a focus on cost reduction, inventory minimization, and increased asset utilization. While these are indeed helpful tenets, their heightened importance above other factors like visibility has removed buffers and the flexibility to absorb disruptions. The COVID-19 crisis has revealed the vulnerabilities of supply chain relationships ….

US tax developments relating to COVID-19

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Last week, President Trump signed a $2.2 trillion coronavirus rescue package.  This post will delineate the highlights as they apply to companies doing business in the US as well as US citizens resident in Canada. Tax Deadlines As discussed in our previous post, all US federal income extensions and tax returns otherwise due on April ….

Corporate turnaround: Real-world solutions in times of crisis

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Recent economic challenges associated with the COVID-19 pandemic have reversed course in a dramatic fashion for many businesses, with little opportunity to plan for the downturn. If your business is experiencing trouble, you’re not alone. Across Canada, middle-market businesses are seeking solutions to return to profitability. Though the exact strategy will differ for each organization, ….

Taxation advice for businesses during the COVID-19 crisis

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It goes without saying that many businesses with marketable security investments will have sustained losses due to the recent stock market challenges. At Zeifmans, we’ve been working closely with our clients throughout the COVID-19 crisis to date, ensuring that their business ventures remain profitable during this unprecedented time. Over the last 60 years, our tax ….

COVID-19 Business Survival Strategies

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Everything has changed. In both our personal and professional lives, Canadians have experienced a rapid shift in social and business protocols in recent weeks. As business owners attempt to remain up-to-date with the latest health and safety imperatives to prevent the spread of COVID-19, financial markets worldwide have struggled. Even assumptions that were previously considered ….