PST is coming back effective April 1, 2013.
There are some really key elements that businesses need to understand, particularly those in the construction industry. This program will cover the technical aspects of the process such as how to register, manage the PST process and reporting returns.
More importantly the program will also focus on the transition process for contractors and how to handle PST/GST/HST on transition contracts and contracts that you are quoting now that won’t start until after April 1. Also there a number of other issues to be reviewed, these include taking advantage of the 12% HST Input Tax Credits rather than the 5% GST Input Tax Credits, what to do about current equipment and vehicles leases to save you money and how your overhead is going to increase so that you can change your mark ups to cover that additional cost and know how your sales dollars will also increase.
Those involved in accounting and estimating decision making need to participate in this program.
RON COLEMAN, Coleman Management Services Inc.
Ron’s passion is helping trade and specialty contractors make more money and have more fun. His 2010 book Becoming Contractor of the Year epitomizes this passion. It is based on his analyzes of more than 2,500 sets of financial statements of contractors and interviewing the owners of most of those businesses. This knowledge coupled with his academic background as a professional accountant and certified management consultant gives him a wealth of experience in helping contractors become more successful.
His latest book Building Your Legacy, lessons from the contracting community, was released in February 2011. His numerous published education programs include four business management programs for MCA-BC; ECA-BC; RCA-BC, four on-line programs for the Canadian Home Builders Association of BC – Financial Management; Marketing & Project Sales; Business Planning; Customer Service & Warranty.
He has also written and delivers seven Gold Seal programs for the Canadian Construction Association. He co-wrote and delivered a three-part Financial Management course for BCIT’s Construction Management Degree program. Ronald has completed 33 Inter-Firm Financial Comparisons of groups of construction companies in both the USA and Canada. He consults to construction and manufacturing companies on a regular basis. He has a very detailed knowledge of the operations and profitability of contractors and understands why the top 25% of contractors make very significant profits and why the bottom 25% lose money. He is past chair (1992-1995) of the Board of Trustees of The Richmond Hospital ($65 Million budget), was vice chair/acting chair of the Richmond Regional Health Board (1994-1996). He was a Special Ambassador to the 2010 Olympics, a Torch Bearer in Kelowna and inaugural chair of the Spirit of BC Richmond.