Categories: Accounting

Understanding CERB and CEWS

Dear Clients:

A large Employer subsidy program CEWS has just started. It will give you 75% of the wages that you pay your employees.

People who have taken CERB will not qualify for CEWS.  You may like to pull yourself out of CERB and go on CEWS. Those who got CERB without being eligible, should also do so.

There are many Assistance Programs to help businesses cope up with Covid-19 damages.  Only some of the programs may apply to your business.  We are helping our clients to maximize their benefits.  We do so by matching program eligibility criteria with your business situation.

A key parameter in matching is your Current Operation (CO) Level.  For example, your CO level may be about 80% of the Regular Operation (RO) level. This represents an almost fully open business.  At 20% level you will be almost fully closed.  A partly open situation may be at 50% CO level. We would like to know your approximate CO level.

We would also like to know your Revenue in January, February, March and April.  We have now prepared the attached Form to get your answers.

Please complete the Form and send it back soon.

Teji Singh, Manager

H&T Accounting Service

T: 905-858-0775

F: 905-858-8645

Site www.hAndT.ca

admin

Recent Posts

Why You Should Consider Local Accountants in Brampton for Personalized Service

Every person in the world needs an accountant for their own and business’s financial gains.…

2 weeks ago

What You Need to Know Before Starting a Business in Brampton

Brampton is one of the most significant locations for a startup in the state of…

2 weeks ago

The Top 5 Qualities to Look for in a Tax Accountant in Mississauga

Have you ever heard how crucial it is to select the best tax accountant? It’s…

2 months ago

The Importance of Accurate Bookkeeping for Financial Success

Accurate bookkeeping is essential for more than just meeting legal requirements; it provides businesses with…

2 months ago

Audits Unveiled: How Professional Accountants Ensure Your Business’s Financial Health

It is crucial to keep an accurate and clear image of your financial situation in…

1 year ago

Common Mistakes to Avoid When Filing Your Tax Returns

According to one's level of financial acumen, filing tax returns may be a complex process…

1 year ago