Throwback Thursday

On August 21, 2014 the HW staff gathered together to raise funds for charity and for a refreshing break from work.   Our own version of the Ice Bucket Challenge to raise funds for ALS research took place on our front steps.   26 of our staff took a very cold shower and raised funds for a good cause.  The Challenge raised over $115 Million for ALS research, and HW was happy to play a small part in that, raising over $3,000.

Networking With a View

In July, Hendry Warren co-workers; Trina, Shaina, Cameron, and Brock of our office attended GenNEXT’s Rooftop Mix and Mingle, on the roof top patio of Telus House Ottawa.  United Way works alongside GenNEXT’s volunteer cabinet to organize networking and fundraising events tailored to people in their 20s and 30s.  This is an excellent opportunity for young people to get out and meet new people, understand the different needs in their community, and learn where they can make the biggest impact.  Keep an eye out for GenNEXT’s upcoming events to find out how you can make a difference. We hope to see you there.

No Sun...No Problem!

Although the sun abandoned us early at the annual summer cottage party this year, a quick getaway to the porch meant a rousing game of rumoli, friendly poker, and a guitar jam session.   Fun was had by all despite the unpredictable weather.   One more way the team at HW likes to relax, unwind, and get to know each other better.

Come Join Our Team

Hendry Warren is currently recruiting senior CPA candidates to grow both our accounting and assurance, and tax teams.  The successful candidates will be qualified CPA’s with a desire to join a dynamic, growing firm, with opportunities for career advancement.

As a firm, Hendry Warren works primarily with owner managed businesses and not-for-profit organizations in the Ottawa area and is committed to being Ottawa's trusted source for accounting, audit, tax and financial planning services. Hendry Warren also respects that our staff have lives outside of work. Our valued employees enjoy the work environment provided in our office as well as participating together in various community service and extracurricular activities around Ottawa. And… Softball skills are considered an asset!

For more information on this opportunity, please visit our Careers webpage.

Consulting Canadians!

Provide your Feedback on Major Changes Affecting Private Corporations

If you have heard about recent changes proposed by the Liberal Government or have read our July Newsletter “Major Tax Changes Affecting Private Corporations”, you may be wondering how to provide your feedback.

The Government has invited Canadian taxpayers to submit comments by October 2, 2017. Feedback can be submitted via email to fin.consultation.fin@canada.ca. We will be submitting feedback as tax and business advisors of private corporations and we encourage the small business community to reach out and provide their feedback as well.   Information on how to provide your feedback can be found “here” on our resources page.

West Ottawa Board of Trade – Networking Breakfast - July 27, 2017

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Hendry Warren is a proud member of the West Ottawa Board of Trade. Sarah Springate and Robin Lawrence from our office will be attending their networking breakfast this Thursday, July 27th at Stonebridge Golf & Country Club. The breakfast will feature a discussion and update on the Board of Trade’s West Ottawa Living publication. This breakfast will be a great opportunity for Sarah and Robin to connect with the West Ottawa business community and they hope to see you there!

To learn more about the West Ottawa Board of Trade or their West Ottawa Living publication please visit their website. (http://westottawabot.com/).

Major Tax Changes Affecting Private Corporations

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On July 18, 2017, the federal government released a discussion paper outlining proposed significant tax changes that will impact tax planning for private corporations and their shareholders.  The paper focuses on three main issues: 1) income sprinkling, 2) holding passive investments inside of a private corporation, and 3) converting a private corporation’s regular income into capital gains.  This month’s newsletter summarizes the highlights of the discussion paper.

Here We Grow Again

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Hendry Warren is expanding its footprint once again to make room for new talent. Almost four years after moving into 881 Lady Ellen Place, HW has now expanded over the entire main and upper floor of the building. David Ienzi and Nancy Nicks swapped their computers for hard hats to check in on the construction of our new space.  

Office Hours – July and August

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Let the summer begin! 

With the official end of busy season, the staff at Hendry Warren LLP will now be able to enjoy some well-deserved rest and relaxation. Beginning Friday, July 7th our office will be closed at 1:00pm on Fridays through to the end of August.

Our regular hours for the rest of the week are 8:30am to 5:00pm.

Transactions Inc.

We are pleased to announce that on July 1, 2017, Hendry Warren acquired Transactions Inc., a firm which specializes in offering bookkeeping solutions to the Ottawa marketplace.  Transactions Inc. has relocated to Suite 102, in the lower level of 881 Lady Ellen Place.  With this acquisition, the Hendry Warren Group will be able to expand its bookkeeping services and provide seamless service to clients that require income tax planning and compliance, valuation services or assurance reporting.  Should you have any questions about the services offered by Transactions Inc. or Hendry Warren, please do not hesitate to contact us or visit their website at www.transactionsinc.ca

2017 travels of the Hendry Warren Hat

After a busy tax season, and once it gets through the June 30th corporate tax filing deadline at the end of this week, the Hat is heading out for its next round of travels.    So far, it has trips planned to Croatia, an Alaskan cruise, a return visit to Venice and Greece, Bermuda, stops in France and Spain, a wedding in New York,  and a tour of Scranton, Pennsylvania to see landmarks from TV’s “The Office”, among others.    Stay tuned for the photos of the next adventures!

Tax credits and grants can save you significant employment costs. Do you qualify?

There are a number of federal and provincial tax credits and grants available which can help your business manage employment costs. These programs offer savings for hiring individuals in targeted segments including qualifying co-operative education and apprenticeship programs, and summer and youth employment. This article will discuss the different credits and grants your business may be entitled to.

Avoid Potholes when Purchasing or Leasing your New Vehicle

Purchasing or leasing your new vehicle is full of choices and can be overwhelming. This can be even more challenging if you own a business where choices go beyond whether to buy the sporty roadster or the practical family vehicle.  You will have to navigate challenging questions such as: what impact will purchasing versus leasing a vehicle have on my business?  There are a number of different factors that influence these decisions which will be discussed in this article.

Where were you?

This Friday we are taking a walk down memory lane to June 2013.  This time four years ago, our current building at 881 Lady Ellen Place was purchased and the construction began.  It was all hands on deck for the construction and the partners were no exception.  We managed to locate this picture of Nancy Nicks, one of the current partners at Hendry Warren LLP, rocking a pink hard hat but the pictures of Ian Hendry and Dan Warren in their respective pink gear have mysteriously disappeared.

Hendry Warren Supports 10th Annual Barrhaven Run for Roger Neilson House

Hendry Warren is proud to sponsor the 10th annual Barrhaven Run in support of Roger Neilson House which will be hosted on Saturday June 10th, 2017. Roger Neilson House is dedicated to providing compassionate, loving and skilled palliative care to support the needs of children, youth and their families in the National Capital Region and beyond.   Located on the grounds of CHEO, Roger Neilson House’s facility provides a home-like environment for children and their families. For information on how to participate in the run in support of Roger Neilson House, visit www.barrhavenrun.com

Self-Employed Filing Deadline

Back in February our office was visited by Olympic Gold Medalist Erica Wiebe. Ottawa native Erica is the reigning Olympic champion in the women’s 75kg freestyle. She is also the current champion in the same weight class at the Commonwealth games, having won the gold medal in Glasgow, Scotland in 2014.

Our gold medal staff is currently wrestling with self-employment tax returns. We’ve been training all year for this season. Bring us your tax returns and let us doing the heavy lifting for you. Filing deadline is June 15, 2017.

May 2017 – Importance of Business Valuations

Tax planning for privately held corporations is an efficient method to achieve income splitting goals, planning for business succession, estate planning and many other opportunities. The Income Tax Act allows for various accepted strategies to achieve these goals, subject to a number of criteria. A common theme involves the determination of the fair market value of the shares of a privately held corporation. This newsletter outlines the risks and provides insight into the importance of a business valuation in avoiding these tax planning pitfalls.

Congratulations to Ian Hendry!

In May 2017, the Roger Neilson House presented a certificate of recognition to Ian Hendry for his outstanding service and contribution as a volunteer with them.  Ian has been involved with the Roger Neilson House from its very early stages eleven years ago and joined the Board of Directors approximately eight years ago.  Ian’s contributions to the community are an inspiration to us all – congratulations Ian!