Gifts are something thoughtful that show the people around us that we appreciate and value them. Whether you’re thinking about gifting something to your customers or your employees, it’s important to be aware of the potential tax implications. After all, nobody likes...
Corporate tax season is just around the corner and for many the prospect can be quite daunting - especially if this is your first time handling your business finances. One of the best things that you can do is to start preparing early. By doing this you‘ll avoid the...
Did you know that according to the Canadian Federation of Independent Business (CFIB), 20 percent of small businesses in Alberta don't expect to survive this pandemic?...
New to the world of corporate tax returns? Not quite sure how they differ from the personal taxes you've been filing for years? Our Chestermere accountant breaks down the major differences between the two in this week's article. Knowing your T2s from your T1s is part...
Wondering how you can best structure your estate planning to make it more tax efficient? Here's a few tips from our Chestermere accountant. Estate planning can be a touchy subject. Along with the morbid nature of the exercise, there can be a lot of unpleasant or...
Wondering how good bookkeeping can help keep your business afloat and save it money over the long run? Our Chestermere accountant breaks down the five main ways it can do so in our article this week. Bookkeeping is the basis of all accounting work. Without the...
Worried about being audited by the CRA? Roughly 30,000 Canadians a year receive the dreaded letter in the mail stating they're about to be audited. But there are ways you can lower your risk of being one of those unlucky people. Here are the top four. Trust but...
Unaware of how important payroll compliance is to your business? In addition to keeping your employees happy by paying them on time and the correct amount they're owed, proper payroll compliance will keep the CRA happy and off your back. Running a business is a lot...
The federal government is extending the Canada Emergency Wage Subsidy (CEWS) program until the end of August after it was initially set to expire at the beginning of June. But the much-ballyhooed economic response measure has seen a lot less interest and engagement...
Did you know that the CRA is temporarily changing how it conducts audits and reassessments due to COVID-19? Our Chestermere accountant takes a closer look and breaks down all the changes for you in our article this week. While changes to the CRA's audit and...
Not up to speed on the changes Canada has made to personal income taxes this year due to the COVID-19 pandemic? Our Chestermere accountant outlines them all in the article below. Read on to find out more. The federal government has enacted numerous measures to help...
Having trouble keeping up with all the changes announced by the federal government when it comes to their COVID-19 economic response plan? Our Chestermere financial experts and Chartered Professional Accountants has been keeping track of all the latest developments,...
Wondering what the latest details surrounding Canada's COVID-19 economic response plan are? Our small business accountant Chestermere financial expert has dug through the federal government's plan so you don't have to, and rounded up the most important points. The...
Are you worried about the impact the upcoming coronavirus-related recession will have on your finances? Not sure if you'll be able to weather the storm? Our Chestermere accountant has put together a helpful list of tips that will help make your finances more...
Are you worried about your business' ability to survive the current COVID-19 induced recession? Not sure what you should do to stay afloat in these turbulent times? Our Chestermere accountant has cobbled together three ways you can make your business more...
Have you been wondering if you should incorporate your business? Not sure what the benefits of doing so would be? Our small business accountants Chestermere experts are here to help shed some light on the issue. At some point or another every small business usually...
Are you a Canadian small business owner? Looking for the top two tax tips to help improve your bottom line and avoid overpaying the CRA? Lucky for you, we've got exactly what you're looking for. Being a small business owner can be stressful. Especially when tax time...
As the fight to stop the spread of COVID-19 ramps up across the country the Canadian government has implemented immediate measures to help those who may be struggling or facing financial hardhsip as a result. In this article we'll take a look at the support that's...
The Government of Alberta has introduced a number of measures aimed at helping businesses in the province weather the economic storm brought upon by COVID-19. Coupled with the ongoing oil price war between Saudi Arabia and Russia that's sideswiped Alberta's oil and...
The past few weeks have been a tumultuous time for business owners. With everything going on due to the current COVID-19 pandemic, the Government of Canada has unveiled an $82 billion package to help steer our country through this unprecedented economical time. Much...
As the fight to stop the spread of COVID-19 ramps up across the country the Canadian government has implemented immediate measures to help those who may be struggling or facing financial hardship as a result. In this article we'll take a look at the support that's...
Do you have an audit requirement for your small to medium sized business? Our Calgary tax accountants have vast knowledge and experience in audit assistance and can help make the process as smooth and efficient as possible. No one wants to get audited, but audits are...
Your small business is growing, but are you still managing your financials and doing your own accounting? Here are some bookkeeping tips for small business owners and how hiring quality bookkeeping services can save you money and time. If your small business is...
Do you run a small business in Calgary? Here are some of the incredible benefits you’ll receive if you hire a CPA accountant to help with the processing and preparation of your payroll. If you own a small business, one of your key responsibilities is to ensure that...
When you’re running a small business, every penny counts. Minimizing taxes may be the difference between a profitable company and one that is just scraping by. To ensure the success of your business, here are some simple tax tips to follow. Many small business owners...
When you’re running a small business, every penny counts. Minimizing taxes may be the difference between a profitable company and one that is just scraping by. To ensure the success of your business, here are some simple tax tips to follow. Many small business owners...
With tax season coming up, here are the 2020 tax deadlines you need to know about, as well as how our Chestermere tax accountants can help make filing your taxes as stress-free, simple, and quick as possible. Tax season is just around the corner, so get ready to tell...
While it may not be the most exciting thing in the world, it’s time to start preparing for tax season. If you feel like you’re in the dark when it comes to knowing what to do, here are some top tips from our Chestermere tax accountants on preparing for tax season....
Here are some of the top vehicle deduction tax facts in 2020 that can help you prepare better for tax season and save some dollars. Tax season is still a little far off, but nothing makes taxes more painful than being unprepared, and you can take advantage of certain...
In 2019, Canadians saw a slew of tax changes coming into effect, and it’s no different for 2020. While there may still be time until you have to file your taxes, keeping up to date with any tax changes and working with a Calgary tax accountant can help save you money...
Corporations are required to maintain bookkeeping or a general ledger of their activity. Depending on the size and volume of activity in your business, these ledgers come in various forms such as manual excel synoptics, online software such as Quickbooks or Wave or a...
When running a corporation, there are several hats you have to wear and one of the most important departments is finance and accounting. Without a good finance and accounting department, it would be hard to effectively and efficiently run your business. Taxes and cash...
