Blog - Atum Financial Services Inc

News & Events

 

In today’s fast-paced and ever-evolving business landscape, the success of any organization hinges on its ability to adapt, innovate, and operate efficiently. At Atum Financial Services Inc., we firmly believe that one of the most critical factors contributing to our sustained success is our emphasis on team building. In this blog post, we’ll explore why team building is vital for businesses and how it has positively impacted our company culture and performance.

 

Why Team Building Matters

 

1. Fosters Collaboration and Communication

Team-building activities break down barriers and foster a culture of open communication and collaboration. When employees feel comfortable sharing ideas and working together, it leads to more innovative solutions and a cohesive work environment.

 

2. Boosts Morale and Motivation

A well-knit team is a motivated team. Regular team-building exercises boost employee morale by making them feel valued and appreciated. When employees see that their contributions matter and that they are part of a supportive community, their motivation levels rise. This positivity translates into higher productivity and job satisfaction, which are essential for the overall health of the organization.

 

3. Enhances Problem-Solving Skills

Team-building activities often involve problem-solving tasks that require creative thinking and cooperation. These exercises help employees develop critical thinking skills and learn to approach challenges from different perspectives.

 

4. Builds Trust and Relationships

Trust is the foundation of any successful team. Team-building activities create opportunities for employees to build trust and strengthen relationships with their colleagues. This trust is crucial, especially in a financial services firm like ours, where teamwork and reliability are paramount. Strong interpersonal relationships lead to a more harmonious workplace and reduce conflicts, resulting in smoother operations.

 

5. Encourages Leadership and Responsibility

Team building allows employees to step into leadership roles and take on responsibilities outside their usual job functions. This not only helps in identifying potential leaders within the organization but also empowers employees to take initiative and be accountable for their tasks.

 

In conclusion, team-building is not just a fun and engaging activity; it is a strategic investment in the future of any business. At Atum Financial Services Inc., we recognize the profound impact that a strong, cohesive team can have on our success. By fostering collaboration, boosting morale, enhancing problem-solving skills, building trust, and encouraging leadership, we have created a thriving work environment that drives our business forward. We invite other organizations to prioritize team building and witness the transformative benefits it can bring.

 

#London #Kitchener #teambuilding #business #smallbusiness #importance

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

In today's interconnected world, the importance of networking and collaboration cannot be overstated. At Atum Financial Services Inc., we believe that building strong relationships and working together are key components to achieving success. Whether you're a student, a professional, or a business, networking and collaboration open doors to new opportunities, foster innovation, and drive growth.

 

1. Expanding Your Horizons

 

Networking allows you to connect with individuals from diverse backgrounds and industries. These connections can provide fresh perspectives, new ideas, and valuable insights that you might not have considered before. By attending industry events, joining professional groups, and engaging with peers on social media, you can expand your horizons and stay updated with the latest trends and developments.

 

2. Building Trust and Credibility

Collaboration fosters trust and credibility. When you work closely with others, you build strong relationships based on mutual respect and understanding. This trust is crucial in both personal and professional contexts.

 

3. Enhancing Innovation and Creativity

 

When people with different skills and experiences come together, the result is often greater than the sum of its parts. Collaborative efforts lead to enhanced innovation and creativity as team members contribute their unique viewpoints and expertise.

 

4. Accessing New Opportunities

 

Networking opens doors to new opportunities, whether it's finding a mentor, discovering a job opening, or identifying potential business partnerships. By actively engaging in networking, you increase your visibility and become part of a larger community. At Atum Financial Services Inc., we help our clients and partners tap into a wide network of professionals, opening up avenues for growth and success.

 

5. Strengthening Professional Development

 

Continuous learning is essential for growth, and networking plays a significant role in professional development. By connecting with others, you gain access to knowledge, resources, and support that can help you advance in your career.

 

6. Building a Support System

 

Collaboration creates a support system that can provide encouragement and assistance during challenging times. Whether it's a colleague offering advice, a mentor guiding your career, or a business partner sharing resources, a strong support system is invaluable

 

Follow us on our social media channels and stay connected with the Atum Financial Services Inc. community. Let's network, collaborate, and grow together!

 

#Networking #Collaboration #Success #AtumFinancialServices #Community #Innovation #ProfessionalDevelopment

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Starting your own business is a rewarding endeavor, but it requires careful planning, financial acumen, a strong online presence, effective networking, and adaptability. At Atum Financial Services Inc., we are committed to supporting entrepreneurs in their journey to success. Follow these tips to navigate your first year with confidence and build a thriving business.

 

1. Develop a Solid Business Plan

 

A well-thought-out business plan is your roadmap to success. It should outline your business goals, target market, competition, marketing strategy, and financial projections. A robust plan not only guides your actions but also attracts potential investors and partners.

 

Key Points to Include:

  • Executive Summary
  • Market Analysis
  • Organizational Structure
  • Product/Service Line
  • Marketing and Sales Strategy
  • Funding Request and Financial Projections

2. Manage Your Finances Wisely

 

Financial management is critical in your startup's early stages. Ensure you have a clear budget and track all expenses meticulously. Open a separate business bank account and consider using financial software to manage your accounts.

 

Financial Tips:

 

  • Keep personal and business finances separate.
  • Monitor cash flow regularly.
  • Plan for taxes early.
  • Cut unnecessary costs.
  • Seek professional advice if needed.

3. Build a Strong Online Presence

 

In today's digital age, having an online presence is non-negotiable. Create a professional website, engage on social media platforms relevant to your industry, and consider starting a blog to share valuable insights.

 

Online Presence Checklist:

 

  • Professional website with a user-friendly design.
  • Active social media profiles.
  • Regularly updated blog or content marketing.
  • Search Engine Optimization (SEO) to improve visibility.
  • Online customer service channels.

4. Network and Build Relationships

 

Networking is a powerful tool for new business owners. Attend industry conferences, join local business groups, and connect with other entrepreneurs. Building strong relationships can lead to valuable partnerships, mentorships, and opportunities.

 

Networking Strategies:

 

  • Attend industry events and workshops.
  • Join local business associations.
  • Engage in online business communities.
  • Follow up with contacts and maintain relationships.
  • Offer value before seeking help.

5. Stay Adaptable and Resilient

 

The first year of business is unpredictable. Be prepared to pivot and adapt to changing circumstances. Resilience and a positive mindset are crucial in overcoming obstacles and learning from failures.

 

Tips for Staying Adaptable:

 

  • Keep an eye on industry trends and market changes.
  • Be open to feedback and willing to make adjustments.
  • Develop problem-solving skills.
  • Maintain a balance between work and personal life to avoid burnout.
  • Celebrate small victories to stay motivated

By implementing these strategies, you'll be well on your way to achieving your business goals and ensuring a successful first year. Remember, persistence and continuous learning are key to long-term success. Best of luck from all of us at Atum Financial Services Inc.!

 

For more expert advice and financial services tailored to your business needs, contact us today.

 

#London #Strategy #Kitchener #Business

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Welcome to Atum Financial Services Inc., where we believe that financial empowerment starts with effective budgeting. In today's fast-paced world, managing your money wisely is more crucial than ever. In this blog post, we'll guide you through the art of budgeting, offering insights and tips to help you achieve your financial goals.

 

Understanding the Basics:

Budgeting is not just about tracking expenses; it's a strategic plan to allocate your financial resources efficiently. Begin by assessing your income, fixed expenses, and variable expenses. At Atum, we emphasize the importance of creating a realistic budget that reflects your lifestyle and financial aspirations.

 

Income Evaluation: Start by calculating your monthly income, including salaries, bonuses, and any additional income sources. Understanding your cash inflow is the first step in effective budgeting.


Fixed Expenses: Identify and list your fixed expenses, such as rent or mortgage, utilities, insurance, and loan repayments. These are consistent and predictable costs that form the foundation of your budget.


Variable Expenses: Variable expenses, like groceries, entertainment, and dining out, can fluctuate. Track your spending in these areas to gain insight into your habits and make informed decisions about where adjustments can be made.

 

Creating Your Budget:

Now that you have a clear picture of your financial landscape, it's time to create your budget. At Atum, we recommend the 50/30/20 rule:

50% for Needs: Allocate 50% of your income to essential expenses like housing, utilities, and groceries.
30% for Wants: Dedicate 30% to discretionary spending on non-essential items such as dining out, entertainment, and leisure activities.
20% for Savings: Prioritize your financial future by allocating 20% to savings and debt repayment.

 

Tips for Successful Budgeting:

 

Regular Reviews: Periodically review your budget to ensure it aligns with your financial goals. Adjustments may be needed as circumstances change.


Debt Management: Prioritize debt repayment within your budget to achieve financial freedom sooner.
Automate Savings: Set up automatic transfers to your savings account to ensure consistent contributions.

 

At Atum Financial Services Inc., we're dedicated to empowering you on your financial journey. Our team of experts is here to provide personalized guidance, ensuring your budget is a dynamic tool that evolves with your needs.

 

Budgeting is the cornerstone of financial stability and success. By partnering with Atum Financial Services Inc., you gain access to a wealth of knowledge and expertise to help you navigate the intricacies of budgeting. Start your journey towards financial empowerment today, and let us be your guide to a brighter, more secure financial future.

 

 #BudgetingWithAtum #FinancialEmpowerment

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

A Prosperous New Year: Your Financial Roadmap with Atum Financial Services Inc.

 

As we bid farewell to the old and welcome the new, Atum Financial Services Inc. is here to guide you on a journey toward financial prosperity in the upcoming year. Let's embark on this exciting adventure together, armed with practical tips and insights to make 2024 your most financially successful year yet!

 

Reflect on the Past: Take a moment to review your financial achievements and challenges from the past year. What worked well? What could be improved? This reflection will be the foundation for setting realistic and attainable goals for the new year.


Set Clear Financial Goals: Define your financial aspirations for the coming year. Whether it's saving for a major purchase, building an emergency fund, or tackling debt, having clear goals provides direction and motivation.


Create a Realistic Budget: A well-crafted budget is your financial compass. Review your income, expenses, and savings goals to ensure alignment. At Atum, we emphasize the importance of a flexible budget that adapts to life's changes.


Debt Repayment Strategy: Tackle high-interest debts strategically. Consider prioritizing debts with the highest interest rates while maintaining minimum payments on others. This focused approach can lead to significant savings over time.


Review Investments: If you have investments, review their performance and ensure they align with your financial goals. At Atum Financial Services Inc., our experts can help you optimize your investment strategy for the year ahead.


Explore New Income Streams: Diversify your sources of income where possible. Whether through side hustles, investments, or passive income streams, multiple revenue sources can provide stability and growth opportunities.


Stay Informed: Keep yourself updated on financial news, market trends, and changes in regulations. Knowledge is a powerful tool in making informed financial decisions.


Insurance Checkup: Review your insurance coverage to ensure it meets your current needs. Life changes may necessitate adjustments to your policies, so it's crucial to have the right coverage in place.


Celebrate Milestones: Acknowledge and celebrate your financial victories, no matter how small. Positive reinforcement fosters a healthy financial mindset and motivates you to stay on track.

 

As we step into the new year, let Atum Financial Services Inc. be your partner in financial success. Our dedicated team is here to provide personalized guidance, expert advice, and the support you need to make 2024 a year of financial prosperity.

 

Wishing you a joyful holiday season and a prosperous New Year from all of us at Atum Financial Services Inc.! 

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

The government has announced changes to the CEBA repayment process.

 

Here’s what you need to know if you’re a small business:

There will now be three CEBA deadlines.
The first one is on January 18th, 2024, which is the deadline to keep the forgivable portion by repaying the full balance.
The second deadline is on March 28, 2024, which is the deadline to keep the forgivable portion if you have an application in process before Jan. 18, 2024, for a bank loan to repay CEBA. 
The third deadline is on December 31, 2026, which is the deadline to repay the full CEBA loan if you lose the forgivable portion.

 

If you have any questions, please call Atum Financial Services Inc. at 519-893-1116.

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Welcome, fellow entrepreneurs and business enthusiasts, to a thrilling journey into the heart of your business's financial landscape! Today, we're diving headfirst into the world of accounting, where numbers aren't just figures on paper, but the pulse of your enterprise's success. Strap in as we uncover the secrets to mastering your finances and steering your business towards unprecedented growth and prosperity.

 

1. The Accounting Odyssey: Your Business's North Star

Imagine your business as a ship sailing across uncharted waters. What keeps it on course? Accounting! Just as a skilled captain uses navigational tools to chart a path, your business needs accurate financial data to make informed decisions. With expert accounting, you'll know where you're headed, where you've been, and how to overcome storms.

 

2. Demystifying Financial Statements: The Hidden Treasure Map

Ahoy, adventurers! As you set sail on your accounting expedition, financial statements are your treasure maps. The income statement, balance sheet, and cash flow statement reveal the riches and challenges within your business. Unlock the code of profitability, liquidity, and solvency. With the right insight, you'll know where to dig deeper and where to invest for maximum returns.

 

3. Budgeting: Plotting Your Financial Course

Every successful journey needs a meticulously planned route, and your business's financial journey is no exception. Budgeting is your compass, steering you away from turbulent waters and guiding you towards financial stability. Craft a budget that aligns with your goals, allocate resources wisely, and set sail with confidence.

 

4. Tax Strategies: Navigating the Tax Tsunami

Ahoy, me hearties! Tax season can be a tempestuous sea, but with the right strategies, you can sail through unscathed. Discover deductions, credits, and incentives that can save your ship from unnecessary taxation. A skilled tax professional can be your lighthouse, guiding you towards legal savings while keeping the taxman at bay.

 

5. Technological Alliances: The Wind in Your Sails

In today's digital era, technology is the wind that propels your business forward. Embrace accounting software, automation tools, and cloud-based solutions to streamline your financial processes. These modern allies will save time, reduce errors, and give you real-time insights to navigate with precision.

 

6. A Crew You Can Trust: Hiring Financial Experts

No captain sails alone, and no business owner should tackle accounting without a competent crew. Hire skilled accountants and financial advisors who understand the nuances of your industry. They'll be your co-pilots, helping you interpret financial data and chart a course towards sustainable growth.

 

7. Auditing: Clearing the Waters of Doubt

An audit is like a skilled diver examining the hull of your ship. It's a rigorous process that ensures your financial statements are accurate and trustworthy. While it may seem daunting, a successful audit demonstrates your commitment to transparency and integrity, building trust with stakeholders and investors.

 

8. Financial Forecasting: Stargazing for Business Owners

Just as sailors study the stars to predict the weather, business owners use financial forecasting to anticipate market trends and plan accordingly. With data-driven insights, you'll be able to adjust your sails to capitalize on opportunities and navigate around potential storms.

 

Set Sail for Success!

 

As you embark on this exhilarating journey into the world of accounting, remember that every wave represents a chance for growth, every challenge a chance to learn. Expert accounting is the compass that will guide you through the highs and lows of entrepreneurship, allowing you to steer your business towards prosperity with confidence. So, hoist your sails, gather your crew, and set forth on a voyage towards financial success that will leave your competitors in your wake. Bon voyage!

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Are you ready to embark on a journey that will transform the way you see your business's financial future? Hold onto your entrepreneurial hats because our accounting firm is not your average number-crunching hub. Get ready to experience the excitement, innovation, and unparalleled expertise that await you when you partner with us.

 

Beyond Numbers: Where Innovation and Financial Strategy Collide

 

At Atum Financial Services Inc. we've redefined what accounting means for businesses. We don't just see spreadsheets; we see the canvas upon which your dreams are painted. Our team of financial virtuosos doesn't settle for the ordinary—we thrive on creating extraordinary strategies that fuel your growth and success.

 

Fueling Growth through Tailored Solutions

 

Every business is a unique entity, and we treat it as such. Our excitement stems from crafting customized financial solutions that align with your goals, industry nuances, and aspirations. Whether you're a startup, a growing enterprise, or an established powerhouse, we've got the tools and expertise to tailor a strategy that fits you like a glove.

 

Meet Your New Partners in Success

 

Picture us as the co-pilots of your business journey, equipped with not just calculators, but also vision and innovation. Our team lives and breathes excitement for turning financial data into actionable insights. We're not just bean counters; we're business enthusiasts who understand that your success is our success.

 

Breaking Barriers with Technology

 

Gone are the days of sifting through stacks of paperwork and manual calculations. At Atum Financial Services Inc, we're at the forefront of financial technology, leveraging cutting-edge tools to streamline processes, enhance accuracy, and provide real-time insights. Say hello to efficiency and wave goodbye to the mundane.

 

From Surviving to Thriving: Your Business Evolution Starts Here

 

It's not just about balancing the books; it's about transforming your business's trajectory. Our excitement comes from watching businesses like yours evolve from surviving to thriving. With our strategic guidance, you'll not only weather financial storms but also harness them to propel your business to new heights.

 

A Partnership Beyond Profit and Loss

 

When you join forces with Atum Financial Services Inc, you're not just a client; you're a collaborator in a journey of growth and innovation. Our excitement for your success is genuine, and we invest in your goals like they're our own. We're not satisfied until your business is achieving the greatness it deserves.

 

Conclusion: Your Future, Our Passion

 

As you consider your next move in the business world, remember this: Atum Financial Services Inc. isn't just an accounting firm—it's a gateway to financial transformation, innovation, and unbridled success. Join us in an exciting partnership that will redefine the way you view accounting. Your business's future is full of promise, and we're here to help you seize it with unwavering excitement and passion. Contact us today, and let's embark on this thrilling journey together!

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Atum Family!
We are proud and honoured to announce that Atum Financial Services Inc. has been nominated for six different categories, which include the following:
·     Best Accounting
·     Best Business Consulting Services
·     Best Bookkeeping Services
·     Best Income Tax Preparation
·     Best Accountant – Paul Brosnan, RPA
·     Best Accountant – Linh Or, RPA
We would greatly appreciate all your support in the voting stage, which opens today!
You can cast your vote by going to the link, https://lnkd.in/gfC2z4Tu and select the categories Atum is nominated for!
We thank all of you for your dedicated and continuous support in making Atum the business we are today!

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn

Tax Reminder Post

A friendly reminder that tax deadline is April 30th, 2023, which means now is the time to get all your paperwork, receipts, and information sorted and ready.

Below is information to collect and organize:

General Items:

  • Copy of any foreign tax return filed (U.S. citizens must file U.S. returns)
  • 2021 Notice of Assessment & other years’ reassessments
  • Your personal status such as dates of marriage, separation, divorce or widowed, births & deaths.
  • Names & SIN of spouse & dependents
  • Current contact information
  • Note consenting to provide your income tax information to Elections Canada
  • Installment payments made if any.
  • Details of foreign property holdings (if any*) (T1135**)
  • Contact details & consent to discuss your investments with any advisors.
  • Details of lawsuits settled in 2021.
  • Support & settlement details resulting from matrimonial changes if any.
  • TFSA statements, (limit increased to $6000)
  • # Of days worked from home, Work from home expenses/Declaration of conditions of employment form (T2200s, T2200)
  • Disability tax credit claim form completed by doctor (T2201)
  • Direct deposit information

 

Income Details:

  • Employment income (T4)
  • Pension income (T4A, T4A(P), T4RIF, T4RSP)
  • Old age security (T4OAS)
  • CERB/CRB Income (T4A)
  • Investment income (T5)
  • Income from trusts such as mutual fund investments (T3)
  • Income from employment insurance (T4E)
  • Income from partnerships (T5013)
  • Workers’ compensation/social assistance payments (T5007)
  • Details of the sale of securities such as stocks & bonds (eg. realized gain/loss report from your broker), possible T5008 slips
  • U.S. social security & any other foreign pensions
  • Details of real estate sales & purchases
  • Income from foreign investments
  • Child/Spousal support payments received.
  • T4As for any miscellaneous income received during the year.
  • T4PS (profit sharing) Deductions – Employees
  • Business, Farm, Fishing & Other income (Tips, casual income)

 

Deductions – General:

  • Digital news subscriptions (NEW!)
  • RRSP contributions (Contribution deadline March 1st, 2022
  • Medical, dental, prescription drugs, nursing home expenses, fertility costs, trained animal aids for impairments (pharmacies will print your tax receipts for each family member)
  • Home Renovations for Seniors/Disabilities
  • Payments to a private health insurance plan
  • Charitable donations
  • Tuition fees/education amount/Exams fees for professional certification (T2202A for Canadian & TL11 for foreign universities) for yourself or transferred from a dependent, signed by student.
  • Interest paid on student loans.
  • Professional dues & insurance, union dues
  • Eligible supplies expenses & certificate for Teacher/Educators
  • Interest on loans to purchase investments.
  • Professional consultant fees
  • Legal fees paid to establish spousal support or to enforce a pre-existing agreement.
  • Legal fees paid to recover wages from your employer.
  • Details of people you support & their medical status.
  • Childcare/day care receipts (if for camp, list dates attended)
  • Non-reimbursed moving expenses if you moved 40 km or closer to a new workspace location.
  • Property taxes or residential rent paid (if joint couples’ income under $45K)
  • Political contributions receipts
  • Child/Spousal support payments paid.
  • Adoption expenses
  • Expenses not reimbursed by your employer.
  • If you are a commissioned salesperson, details supporting advertising expenses, promotion, meals & entertainment
  • TL2 meals & lodging for transportation employees
  • Trades people & apprentice tool purchases, if eligible
  • Volunteer Firefighters Certificate

 

Deductions – Motor Vehicles, IF ELIGIBLE*

  • Total kilometers driven & kilometers driven just for work.
  • Details of total expenses
  • New vehicle, purchase invoice/agreement

 

 

Unincorporated Businesses/Sole Proprietors:

  • Software backup of bookkeeping records, if computerized (include password)
  • Manual bookkeeping records
  • Total sales revenue and receipts for the year if books not kept.
  • Total expenses listed by category for the year or receipts if books not kept.
  • Capital assets acquired (e.g., computers & peripherals, furniture & equipment)
  • Home office expenses, rent.
  • Partners’ names, addresses, SINs & per cent interest

 

Rental Properties

  • Address & number of units
  • Rental income by unit
  • Rental expenses by unit & by category of expense
  • Partners’ names, addresses, SINs & percent of ownership
  • Details of any capital additions over $500, including furnishings & appliances

 

 

For Tax Professionals Call Atum Financial Services at 519-893-1116

add a comment
Subscribe to this Blog Like on Facebook Tweet this! Share on LinkedIn