JMH Adams Chartered Professional Accountants

🌾 AgriStability Reopened for Producers Affected by Wet Conditions

With wet conditions impacting farmers and ranchers since April 30, the AgriStability program has been reopened to help Canadian producers manage significant declines in farming income.

AgriStability provides protection against:
• Production losses
• Increased operating costs
• Market conditions that result in a significant decline in farming income

📅 Important deadline: Producers affected by the wet conditions can enrol through late participation until October 1, 2026.

Please note that late participation includes:
• A 20% reduction in benefits
• A $300 non-refundable enrolment fee
• The fee must be paid within 60 days of receiving your notice or you may be deemed ineligible for the 2026 program year.

If you're a producer who has been impacted by this year's wet conditions, now is the time to review your options and determine whether AgriStability could provide support.

🔗 For more information and program details, visit the link below:

https://afsc.ca/news/agristability-opens-for-late-participation/

Let JMH Adams help you with your corporate planning!
We can:

- Provide tax estimates for the current or upcoming years is crucial for assisting in corporate financial planning. By offering accurate projections, businesses can better prepare for their tax obligations and make informed decisions regarding their financial strategies. These estimates can help in budgeting, forecasting cash flows, and identifying potential tax-saving opportunities.

- Offer guidance on determining the optimal form of compensation is essential for individuals looking to maximize their earnings. Whether it's deciding between wages and dividends, understanding the implications of each option is key. Wages provide a steady income stream, while dividends offer the potential for higher returns but come with varying tax implications. By analyzing the pros and cons of each, individuals can make informed choices that align with their financial goals.

- Conduct investment analysis and providing tailored recommendations based on individual financial objectives is a valuable service. By assessing risk tolerance, investment horizon, and desired outcomes, personalized investment strategies can be developed. These recommendations can include asset allocation, portfolio diversification, and investment vehicles that align with the individual's goals. By understanding the unique circumstances of each client, tailored investment advice can help clients achieve their financial aspirations.

Contact us today!
https://buff.ly/4ckTZXK
*
*
*

From federal investigations to the glitz and glamor of Hollywood, accountants have a wide range of career opportunities, demonstrating that their expertise is essential in nearly every industry. One of the most prestigious and high-profile tasks undertaken by accountants occurs annually at the Academy Awards, where the Oscars celebrate the year’s most outstanding achievements in film production, performances, and design. Since 1935, the responsibility of counting the votes for these awards has been entrusted to accounting giant PricewaterhouseCoopers (formerly Price Waterhouse).

This process is far more meticulous than one might imagine. Each vote is hand-counted by a dedicated team of accountants at a secret location to ensure the utmost confidentiality and accuracy. The counting process requires an estimated 1,700 hours to complete, highlighting the precision and attention to detail that is essential in the role. The partnership between PwC and the Academy has stood the test of time, illustrating the critical importance of accountants in delivering fair and transparent results for one of the world's most iconic entertainment events.
*
*
*

"Establishing a dedicated clientele is essential, rather than solely concentrating on a one-time transaction."

— Katherine Barchetti

Building a loyal customer base entails nurturing strong relationships with individuals who repeatedly choose your products or services over your competitors. By prioritizing customer satisfaction and developing trust, businesses can benefit from increased customer retention rates and long-term profitability. For example, offering personalized experiences, excellent customer service, and loyalty programs can encourage customers to remain loyal to your brand. According to research, acquiring a new customer can be up to five times more costly than retaining an existing one, highlighting the significance of focusing on customer loyalty. By focusing on building lasting relationships with customers, businesses can foster brand advocacy and achieve sustainable success in the competitive market landscape.
*
*
*

"You never achieve real success unless you like what you are doing."

This quote by Dale Carnegie highlights the importance of finding joy in your work in order to truly succeed. When you are passionate about what you do, success becomes more meaningful and fulfilling. So, remember to pursue your passions and find enjoyment in your endeavors to reach your true potential.

Heritage Day Closure Notice

Please note that our office will be closed on Monday, August 3, in observance of Heritage Day in Alberta.

We'll be back and ready to assist you during our regular business hours on Tuesday, August 4.

We hope you have a safe and enjoyable long weekend with family and friends!

Happy Heritage Day from all of us! 🍁

"If you don't like the road you're walking, start paving another one." — Dolly Parton

As a business owner, growth often begins with the courage to make a change. Whether it's trying a new strategy, investing in your business, or setting bigger goals, every step forward creates new opportunities.

Don't be afraid to take a different path. The businesses that thrive are the ones that adapt, innovate, and keep moving forward.

Here's to building the future you envision—one step at a time. 🚀