Newsletter

Now that the New Year is here, many people are picking their resolutions. Getting healthier, losing weight, quitting smoking—these are all great ideas for sure. But now that 2016 is in the books, this is also the time of year folks are starting to plan for the upcoming tax season. If you are hoping to […]

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Tax Tips Traps Year End PDF Version Personal Considerations For EVERYONE 1) Certain expenditures made by individuals by December 31, 2016 will be eligible for 2016 tax deductions or credits including: moving expenses, child care expenses, charitable donations, political contributions, medical expenses, alimony, eligible employment expenses, union, professional, or like dues, carrying charges and interest […]

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It’s that time of year again—secret Santas, office parties, and Christmas goodies found on every desk. The holiday season is in full swing, making it the perfect opportunity to show your staff how thoughtful you are by getting them some gifts. But as many small business go, spreading the holiday cheer can get pricey, fast. […]

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Thinking about making the switch to QuickBooks? Well, it’s about time. This user-friendly accounting software is the perfect companion to make your accounting and tax preparation tasks a whole lot easier. Still not sure if QuickBooks is the right fit for your small business? Here are some reasons that just might convince you to get […]

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Running a small business can be particularly stressful during tax season. On top of tracking sales, managing your employees, and keeping your clients happy, you have to sort through a mountain of paper, numbers, and forms. With so much on your plate, there’s a chance you can miss out on some possible tax deductions that […]

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In the summer of 2016, CRA commenced a project to examine taxpayers holding expensive properties in Vancouver where only low amounts of income were reported. The goal of the project was to identify unreported worldwide income, property “flipping”, underreporting of capital gains on sales, and underreporting GST on sales of new homes […]

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Canadians are a giving lot, opening our wallets and our hearts whenever we can. And why not? Donating to charity is not only a great way to get more involved in the community, but also helps us feel terrific. And if that wasn’t incentive enough, your donation can also generate a nifty tax break. Planning […]

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Poor bookkeeping is one of the main reasons why many startup businesses don’t go the distance. Maintaining an accurate record of the books provides valuable insight into your current financial situation. It will also help you keep up with the needs of your organization and capitalize on any financial benefits. Proper bookkeeping is not only […]

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Why Hire a Professional Bookkeeper? You’re a successful business owner, brimming with talent, capable of wearing many hats. But if you lack important bookkeeping skills, your business could be missing out on some huge financial opportunities. So, before you hire someone to take your company to the next level, you need to make sure you […]

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Tax Tips Traps Pdf Format In this edition: Tax Ticklers Some Quick Points to Consider Canada Child Benefit Get Yours Today! Selling Your Business Do It Before 2017? CRA Instalment Notices Do I Have to Pay Them? Looming Life Insurance Changes Changes Hit in 2017 Losing The Small Business Deduction Intercompany Payments Examples of Corporations Potentially […]

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