Blogs

Find extra cash in your shop

Going into the busiest quarter for tire shops means an opportunity to do some planning that can deliver more cash to your bottom line. I always start with the low hanging fruit and typically that involves setting up rules in the existing…

Canadian Emergency Wage Subsidy 2.0

The purpose of this post is to provide you with some additional details with respect to recent changes to the Canada Emergency Wage Subsidy.  This program has again been extended to include a period 7-9 and may additionally include a period…

Selling your Auto Shop Keep More of the Profits

You’ve invested so much into your shop over the years. Now it’s time for that hard work to pay off. You’ve built up your business. You’ve devoted your energies to staying on top of automotive innovations, creating a strong network of…

Ensure your shop succeeds. Focus on profit.

Being an entrepreneur takes courage and deciding to open your own shop is no easy feat. The repair shop industry is complex, requires an understanding of mechanics, financial information, parts inventory and labor management. It’s no wonder…

Up-date to the Canada Emergency Wage Subsidy

April 8th, 2020 the Government of Canada has shared new information regarding the 75% Canada Emergency Wage Subsidy; with some changes to the previous announcement. Disclosed below are the changes from our last post. (a) Revenue test –…

Canada Emergency Wage Subsidy

As promised the Government of Canada announced details with respect to the Canada Emergency Wage Subsidy (CEWS) today. A summary follows with details from the Government of Canada Website further down. The Federal Government will cover…

Applying for the Canada Emergency Response Benefit

Applying for the Canada Emergency Response Benefit: Create “My Account” with CRA Register and create CRA user ID and log-in or; Choose sign-in Partner (ie: online banking) Information you need available in order to sign in: SIN Date…

Canada’s Covid-19 Economic response Plan – Key points for Businesses and Individuals

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Since the beginning of March, restrictions and measures related to COVID-19 have rapidly escalated. While the first stages focused on public health and safety, in very short order, businesses and personal finances began to be affected. It is…
shop management computer software

How Management Software Can Really Help Your Business

Make your Automotive Repair Shop Management Software Work for You At PDC Accounting Evolved, we have many automotive small-business clients that we see only once a year. They tend to rely on our year-end meeting to discuss their fiscal success,…

Good News for Tire Shops!

Tire market sales revenue in Canada is estimated at $4.3 Billion annually, of which 45.9% is from consumers; that’s a $1.97 Billion consumer market in Canada. With BC’s population making up just 1.35% of Canada’s, that means there’s…

Marketing in the Digital Era: Simple, Affordable, Effective

Do you have a loyal Facebook following? Everyone over 30 is on Facebook. So much so that the kids joke that it’s the “old people’s” social media. Because the kids these days are all latching on to other social media platforms that us…

Gas Prices and What it Means for You!

Did you know, an indirect factor that impacts tire sales is the cost of gas? How? High gas prices can influence consumers to switch from driving their vehicles and into alternative modes of transportation, which means they aren’t wearing…

Canada’s Economy and its Impact on the Tire Industry

As Canada’s economy continues to do well, the per capita disposable income for Canadians has been improving over the past five years. What does this mean for tire dealers? A lot! We can see a link between economic conditions improving and…