Padgett Business Services Blog

Your #1 resource for anything Small Business. As a small business owner check back often for valuable insight into how to make your business more profitable.

Maximizing Profitability In Business
Posted On: 17/12/24 - 0

What Is Profitability In Business? Simply put, profitability is the ability of a business to generate more income than expenses. Why Is Increasing Profit Important to A Business? Growing profits helps…Read More

5 Signs It’s Time To Hire A Monthly Tax Advisor
Posted On: 28/11/24 - 0

Are you thinking of hiring a monthly tax advisor for your business? Are you wondering if this is a good time? The following article will take you through 5 signs of when it’s time to partner wit…Read More

Monthly Accounting Advisory Services
Posted On: 29/10/24 - 0

As an entrepreneur, you need to wear many hats in your business. But the reality is, you cannot be all things to all people, all of the time. That is why business owners hire us to provide monthly acc…Read More

Services Offerings For Our Clients
Posted On: 24/09/24 - 0

We lead with advisory services with a base services offerings for our clients. Our clients are business clients that typically start with our core service of corporate taxation for their business. How…Read More

Running A Business With Your Spouse
Posted On: 15/08/24 - 0

Working as an entrepreneur can get complicated, as a matter of fact, downright difficult at times. You want to add more adventure to the equation? Start running a business with your spouse. That can b…Read More

Should You Incorporate Your Business?
Posted On: 24/07/24 - 0

There is a lot to consider before you incorporate your business. There are tax benefits, however, there are challenges too. Let’s take a look at the pros and cons. Benefits of Incorporating Your…Read More

Customer Disputes In Your Small Business
Posted On: 27/06/24 - 0

No matter how hard you try to keep your clients happy, there will be customer disputes in your small business. Here are 5 ways you can minimize the risk of dissatisfied customers. Clear Communication …Read More

A Work Vehicle Is Considered A Worksite
Posted On: 30/05/24 - 0

A work vehicle is considered a worksite. It is mandatory to complete hazard assessments. This applies to vehicles used by employees on or in work sites. What Is This Report About? Firstly, this analys…Read More

6 Tips On Building A Successful Business
Posted On: 22/03/24 - 0

Here are 6 tips on building a successful business that will stand the test of time. Learn from an award winning accounting firm and two devoted entrepreneurs. Paul and Cheryl are celebrating 17 years …Read More

Reduce Taxes You Owe As A Student
Posted On: 27/02/24 - 0

Did you know that some of your education expenses can help reduce taxes you owe as a student? In this article you will learn what you can deduct from your student income to keep more money in your poc…Read More

Taking Risk As An Entrepreneur
Posted On: 09/01/24 - 0

It takes a lot of courage to become a successful entrepreneur. Are you open to taking risk as an entrepreneur? Entrepreneurs Give Up The Security Of Working For Someone Else Firstly, employees for the…Read More

Are Staff Parties And Gifts Tax Deductible?
Posted On: 14/12/23 - 0

It’s that time of the year again, a time for gift giving and parties to show staff and clients appreciation for their support all year. Many new business owners wonder if these staff parties and…Read More

2022 Personal Tax Season – What’s New?
Posted On: 28/11/23 - 0

The 2022 Personal tax season is just around the corner. We know as professional tax preparers, tax season can be stressul for many taxpayers. Taxpayers often delay getting their tax returns done. At t…Read More

Common Tax Deductions For Your Business
Posted On: 31/10/23 - 0

It is important to be financially responsible in your business. It is vital to the success and growth of your company for years to come. By taking advantage of common tax deductions for your business,…Read More

Small Business Accounting Basics
Posted On: 12/09/23 - 0

Alberta small business owners have shown an incredible ability to adapt to what has been a very rough few years in business. They have faced issues like rising inflation, labour and supply chaim short…Read More

Small Business Owner – And The “Hustle”
Posted On: 27/07/23 - 0

As a small business owner and a seasoned sales professional, I could write a book about the definition of what the “hustle” means. And it sure isn’t about dancing at the disco. Are Y…Read More

Establishing Longevity In Business
Posted On: 22/06/23 - 0

Recently, I was hiking in the backcountry of central Alberta. I continue to be in awe of the wild horses that we come across in this area year after year. Their ability to not only survive but thrive …Read More

An Accounting Firm, Why Did We Start One
Posted On: 24/05/23 - 0

Many budding entrepreneurs start their own business because they want more flexibility with their schedules. Others, want an improved work life balance. One of the reasons that Paul and I wanted to st…Read More

Filing Personal Taxes After The Deadline
Posted On: 24/04/23 - 0

It happens every year in our office. Clients that are filing personal taxes after the deadline. If you owe taxes to the CRA and file after the deadline, there are additional costs. Did you know that t…Read More

New Federal Tax
Posted On: 16/03/23 - 0

There is a new federal tax in Canada called the Underused Housing Tax (UHT). This is a 1% tax on the value of vacant housing in Canada that started on January 1, 2022. There is potential of significan…Read More

Tax Deductions For The Fitness Entrepreneur
Posted On: 03/03/23 - 0

You help people make the most of their health. When it’s time to file your taxes, we want you to make the most of your tax deductions for the fitness entrepreneur, especially those specific to y…Read More

Work-Life Balance For Entrepreneurs
Posted On: 28/02/23 - 0

As entrepreneurs, one of the most difficult things for us to do over the years since starting our business was maintaining a healthy work-life balance. Like most entrepreneurs, we had hobbies outside …Read More

Tax Preparation Services
Posted On: 31/01/23 - 0

As we approach tax filing season, it’s time to think about finding the right tax preparation services for you and your business. Here are some important things to consider. You are trusting this…Read More

Protect Your Business From A CRA Audit
Posted On: 20/12/22 - 0

Learn why it is important to protect your business from a CRA audit.  Average amount charged for each CRA small business audit was a whopping $137,000.  (2018-2019) What Is A Gross Negligenc…Read More

Starting Your Own Business?
Posted On: 29/11/22 - 0

11 Best Practices For New Entrepreneurs Are you thinking of starting your own business? Millions of Canadian employees were forced to work remotely due to the pandemic. As a result, many were and cont…Read More

Edmonton Corporate Accountant
Posted On: 28/10/22 - 0

Have You Hired The Right One? Every now and then we get inquiries from entrepreneurs who are considering changing their corporate accountant for a variety of reasons.  They are not sure if they h…Read More

Incorporating Your Business, What Next?
Posted On: 31/08/22 - 0

Is This The Right Time To Incorporate? Here are some things to consider when thinking of incorporating your business. The tax system in Canada has benefited Corporations. Here in Alberta, businesses a…Read More

Business Mileage While Working From Home
Posted On: 04/08/22 - 0

For many these days, zoom fatigue is setting in. However, removing the daily commute to the office has been a huge bonus for business owners. Especially, those who are thinking about, or already have …Read More

Tax Season & Customer Retention During A Crisis
Posted On: 08/06/22 - 0

Customer retention is paramount in any business all the time. What happens when your business is hit with a crisis? Most business owners had no way of predicting the onset or the impact of Covid-…Read More

We Want To Celebrate This Tax Season!
Posted On: 14/04/22 - 0

We are excited again to prepare your return this tax season. As in previous years, we would like to enter your name into our annual Keg Gift Certificates draw. But, we are celebrating 15 years in busi…Read More

Can’t Pay The Taxes You Owe?
Posted On: 15/03/22 - 0

While many of us are hoping to have a #payday when our #taxrefund arrives, if you owe taxes, you may find that May 2nd is the wrong kind of “pay day.” If you’re struggling to pay your taxes this…Read More

How Long To Keep Bookkeeping Records?
Posted On: 22/02/22 - 0

Whether you operate as a sole proprietor, or have a corporation, every business needs to keep reliable, accurate bookkeeping records. A Few Reasons Why You Should Have Accurate Records One reason for …Read More

Gross Margin
Posted On: 18/01/22 - 0

Why Is It Important To Understand Gross Margin In Your Business? If you’re not monitoring your gross margin on a regular basis, you could be losing a lot of profit within the business.  If you …Read More

Have You Ever Used A Vision Board For Business?
Posted On: 13/01/22 - 0

You may have heard of vision boards before and their goal-achieving powers. You may have even made one for yourself before! But what about a vision board for business to help you achieve your #Bu…Read More

Home Office Expenses 2020-2021
Posted On: 05/01/22 - 0

Home Office Expenses 2020-2021 As A Deduction On A Personal Tax Return As an employee, there are some strict CRA guidelines on whether you can claim a home office expense. Employees can claim home off…Read More

Company Vehicle Compliance As An Entrepreneur
Posted On: 09/12/21 - 0

Are you aware of all the CRA rules associated with company vehicle compliance as an entrepreneur? Common mistakes that we see in our office often involve the use of a company vehicle. Company Vehicle …Read More

Pull Money Out Of The Corporation
Posted On: 25/11/21 - 0

Many Shareholders Feel That They Can Just Simply Pull Money Out Of The Corporation Indefinitely. Entrepreneurs often think that they can borrow money for any length of time from their corporations. Th…Read More

Difference Between Hiring a Contractor Or an Employee
Posted On: 14/10/21 - 0

For many entrepreneurs, it can be confusing. What’s the best way to go? What is the difference between hiring a contractor or an employee? We have tried to drill this topic down so you can make …Read More

What Are You Doing To Not Only Survive But Thrive In Business?
Posted On: 24/08/21 - 0

What Are You Doing To Not Only Survive But Thrive In Business During These Difficult Times?…Read More

What You Need To Know About A G.S.T. Number As A Business Start-Up
Posted On: 29/07/21 - 0

If you have been thinking about starting a business here in Alberta, you likely are wondering about a G.S.T. number.  What is it, when do you get one? When do you start collecting and remitting? …Read More

Need Office Space Post-Pandemic?
Posted On: 14/07/21 - 0

Do you still need office space post-pandemic? Remote work and zoom meetings have given us new ways to communicate and get work done. As a business owner, you may be asking yourself what does commercia…Read More

Good News Hiring Grant For Small Business – Let’s Get Alberta Back To Work Again!
Posted On: 08/07/21 - 0

It’s Been A Difficult Time For Small Business During The Pandemic Businesses across all industries can apply for funding to reduce the costs of hiring and training unemployed or underemployed Al…Read More

Hiring An Accounting Professional
Posted On: 07/07/21 - 0

The advantages of hiring an accounting professional One of the most important parts of any business is the state of the finances.  What’s equally important  is having up to date books. Without…Read More

How Can You Prevent Chargebacks In Your Business?
Posted On: 06/07/21 - 0

What Can You Do To Prevent Chargebacks In Your Business? What is a chargeback? In simple terms, it’s the reversal of a card payment that comes directly from the bank because of a consumer dispute. T…Read More

How Small Business Owners Can Better Focus On Generating Revenue
Posted On: 06/07/21 - 0

Focus on Generating Revenue  For any business, the key challenge is to juggle between the many activities that are essential to your business’s survival. More importantly, generating revenue. S…Read More

Accounting Services for Small Business
Posted On: 06/07/21 - 0

Owners of small businesses have many tasks to juggle each day. Providing excellent services to customers, managing staff, and generally staying on the top of business, provides you with a full day.  …Read More

Business Accounting Services
Posted On: 06/07/21 - 0

Business Accounting Services Many people view business accounting services as very complex and time consuming. The task of recording accounting transactions are called journal entries. These transacti…Read More

Business Travel Expenses
Posted On: 30/06/21 - 0

Things to be mindful of as business travel picks up. After a year of caution due to the COVID-19 pandemic, travel across Canada is making a comeback. This also  includes business t…Read More

How to Compare Insurance For Your Small Business
Posted On: 29/06/21 - 0

Have You Considered Insurance for Your Small Business? When you start a business, you need to protect your new venture from the risks that can make you lose your reputation, cash flow, and the ability…Read More

Types of Payroll Systems For Your Small Business
Posted On: 29/06/21 - 0

Payroll For Your Business, What Are The Options? Payroll for your business is one of the most important tasks that you can perform. From paying the right amount to your employees and more importantly,…Read More

Corporate Culture In Business Post Covid
Posted On: 29/06/21 - 0

Business Environment After Covid   We are starting to hopefully say good bye to Covid. Now the work starts to head to a new sense of normalcy in your business.  It’s important to remember, a r…Read More

Accounting For Your Small Business: DIY
Posted On: 29/06/21 - 0

Thinking Of Doing Your Own Accounting For Your Small Business? Accounting and bookkeeping, plays a critical role in the success of any business. Timely and accurate accounting keeps your business orga…Read More

Business Accounting – Cash or Accrual: What is the Right Method for Your Small Business?
Posted On: 29/06/21 - 0

Business Accounting – What You Need to Know Every business, whether small or large, needs to manage its accounts to keep track of cash flow. There are two types of business accounting that are k…Read More

What are the Liabilities in Your Business?
Posted On: 28/06/21 - 0

Liabilities in your business are amounts your business owes at any one time. These are often expressed as payables for accounting purposes. Unless you run a complete cash business, you probably have l…Read More

The Business Accountant And Their Skillset.
Posted On: 28/06/21 - 0

Hiring an experienced business accountant is one of the most important tasks of any business organization. Improper accounting can cause you to lose more money than you make. Similarly, in the busines…Read More

Bookkeeping For Your Small Business
Posted On: 28/06/21 - 0

Bookkeeping For Business Managing and owning a small business requires handling multiple responsibilities. It may include servicing your clients, managing your business, and most importantly manage th…Read More

Payroll – Manage It in 7 Steps
Posted On: 28/06/21 - 0

What You Need To Know About Payroll For Your Small Business As your small business expands, your team grows large in number, which means your payroll grows too.  But while the team grows, the respons…Read More

Maintaining Accurate Records
Posted On: 28/06/21 - 0

Maintaining accurate records is vital to the success of your business. As a business owner, you should realize that keeping good records are one of the most important management tools in your business…Read More

Payroll Mistakes to Avoid
Posted On: 27/06/21 - 0

Payroll Mistakes In Your Small Business Preparing payroll is an essential task for any small or mid-size business. When preparing payroll, it might feel like the process is simple. But actually a lot …Read More

In-house Accounting & Possible Issues
Posted On: 27/06/21 - 0

Are You Thinking About In-House Accounting?  Accounting is a significant area of any thriving business,  more and more companies choose to outsource it to accounting firms. As a business owner, you …Read More

Separate Business and Personal Finances 6 Practical Tips
Posted On: 27/06/21 - 0

Running a small  business is already challenging. The first thing you want to do to keep finances from getting complex is separate business from personal finances. Here are six simple tips that are s…Read More

Business Plan Goals Mid-Year Follow
Posted On: 26/06/21 - 0

Follow Up On Your Business Plan Goals Your business plan goals should be built in such a way that it helps you strategize the path to achieving your goals and check the business priorities through out…Read More

Decrease Business Expenses
Posted On: 26/06/21 - 0

Some Practical Tips To Decrease Business Expenses   You may be visiting your small business accountant  to seek assistance for various business accounting and tax planning services so that you are c…Read More

Home Office Expenses During COVID-19
Posted On: 25/06/21 - 0

Expenses During Covid The pandemic forced many businesses to shut down their operations.  Or  mandated to scale back the amount of employees in the office to keep everyone safe and healthy.  A reco…Read More

How to Set Up Vendors in QuickBooks and TaxDome
Posted On: 25/06/21 - 0

Setting Up QuickBooks  If you are a small business owner of 10 employees or less, you must have heard a lot about the advantages of hiring a small business accountant. We have on staff qualified and …Read More

Maximizing Your Business Tax Refund
Posted On: 25/06/21 - 0

Here Are A Few Ways To Maximize Your Business Tax Refund First, let us understand the purpose of maximizing your business tax refund. All business owners pay tax calculated on the total income of that…Read More

Accounting Services For Your Business
Posted On: 24/06/21 - 0

Running a business is not an easy task. There are a lot of tasks that you have to take care of for the business to run smoothly.  As a business owner, you need to be more interested in the generation…Read More

Sole Proprietorship vs An Incorporation
Posted On: 24/06/21 - 0

Deciding to start a sole proprietorship vs an incorporation is a tough decision to make. There are a lot of factors you have to consider. If you are looking to opt for incorporating, you should work w…Read More

Accounting Mistakes That Increase Risk
Posted On: 24/06/21 - 0

Accounting Mistakes Can Cost Your Business Firstly, mistakes can happen from time to time in your business.  But, if those accounting mistakes are not fixed quickly, they can cause big problems in yo…Read More

Accountant Or Bookkeeper For Business?
Posted On: 23/06/21 - 0

Managing the cash flow, keeping records of transactions and making financial decisions can be tricky if you run a small business. But as your company grows, so do the number of people such as vendors,…Read More

The Disadvantages Of Doing Your Own Books
Posted On: 23/06/21 - 0

Here Are a Few Disadvantages Of Doing Your Business Books As an entrepreneur, you may  think you are saving money by doing your own books in your business.  Many say that they can’t afford an …Read More

5 Accounting Terms Small Business Owners Should Know
Posted On: 22/06/21 - 0

From A Small Business Accountant As a small business accountant with many years experience with entrepreneurs, I have come to learn that many business owner’s do like to have a basic knowledge o…Read More

The Mental Health of Small Business Owners
Posted On: 11/06/21 - 0

Mental Health Of Small Business Owners It is often said that small business is the lifeline of the national economy and that when entrepreneurs succeed, so does Canada. Considering the importance of s…Read More

Hiring Contractors For Your Business
Posted On: 03/06/21 - 0

What You Need To Know To Protect Your Small Business What you need to know if you hire contractors for your business without their own WCB-Alberta coverage.   You may be responsible for paying premi…Read More

How Much Would An Employee Cost Your Business?
Posted On: 01/06/21 - 0

When it comes to running a business, business owners like you are faced with unlimited tasks everyday. Managing those jobs and accounting for every transaction can be carried out by the entrepreneur. …Read More

Payroll For Your Small Business
Posted On: 31/05/21 - 0

What You Need To Know Your focus in your business should be all about growth and providing excellent service for customers. Even though growth is necessary for small business, payroll for your busines…Read More

Common Bookkeeping Mistakes
Posted On: 27/05/21 - 0

Common Bookkeeping Mistakes New Start-Ups Tend To Make Congratulations.  You are starting a business!  Some of the feedback we get from new entrepreneurs is how they want to save money by do…Read More

Tips to Avoiding a CRA Tax Audit
Posted On: 26/05/21 - 0

Tips to Avoiding a CRA Tax Audit It is important to be in compliance with the Canada Revenue Agency (C.R.A.). This means we need to file both our personal and corporate (if applicable) tax returns ann…Read More

Hiring an Accountant for Your Business
Posted On: 25/05/21 - 0

Questions to Ask Before Hiring an Accountant Hiring an accountant for your business isn’t a task that you should take lightly. A lot goes into making this difficult decision such as instinct and gut…Read More

3 Tips to Make Accounting Easier
Posted On: 24/05/21 - 0

3 Tips To Make It Easier For Your Small Business Accounting Owning a business keeps you on your feet. Naturally, most of your energies are invested into providing your customers with stellar services.…Read More

Hiring A Business Coach For Your Business
Posted On: 24/05/21 - 0

The Importance Of Hiring A Business Coach For Your Business With everything that is going on in this challenging Alberta economy (bust in Oil and gas and then Covid) it is more important than ever to …Read More

Starting A Small Business?
Posted On: 24/05/21 - 0

Thinking Of Starting A Small Business? You have been thinking about starting a small business. You may have all the knowledge you need as a stylist, baker, mechanic or other service provider. But that…Read More

Edmonton Accounting Firm For Business
Posted On: 20/05/21 - 0

  Why It’s Important To Hire An Edmonton Accounting Firm Today we are going to talk about why hiring an Edmonton accounting firm for your small business makes sense. Accounting is an important …Read More

Hire An Edmonton Accounting Firm
Posted On: 19/05/21 - 0

Outsourcing Edmonton Accounting Services We hear every now and then why business owners are reluctant to hire an Edmonton accounting firm. They would rather save costs by doing it themselves.  Or, so…Read More

Personal Tax Exemption Rate
Posted On: 06/05/21 - 0

Want To Get Ahead Of The Game and Start Your Tax Planning Now? Alberta has the highest personal tax exemption rate in all of Canada. You do not pay tax until you have hit the $19,369 threshold. This a…Read More

Edmonton Small Business Owners Are Stressed
Posted On: 06/05/21 - 0

Edmonton Small Business Owners Stressed Amidst Mandatory Closures Many entrepreneurs just like you are worried about what this third wave Of Covid means for the future of their business.   There is …Read More

Home Based Office – Tax Tip
Posted On: 03/03/21 - 0

Did You Operate A Home Based Office During 2020 Due to Covid? Thousands of Alberta employees, just like you had to pivot to working from a home based office in order to protect themselves and their co…Read More

CERB Recipients – Great News For You!
Posted On: 26/02/21 - 0

Recent CRA Announcement Many of you personal tax clients recently received letters in the mail from the CRA.  A vast majority of you CERB recipients were deemed ineligible for the CERB payments they …Read More

Alberta Entrepreneurs Relaunch Grant
Posted On: 15/01/21 - 0

Alberta Entrepreneurs Grant Eligibility This Alberta  Entrepreneur’s grant offers  financial assistance to businesses like yours. If your business was ordered to close or curtail your …Read More

CEBA – Caution/Be Aware
Posted On: 10/12/20 - 0

Update On The CEBA Forgiveness Portion Were you aware of all  new details regarding the “forgiveness portion ” of the CEBA loan?  The additional $20K loan will NOT be considered a separa…Read More

CEBA Updates and Payment Extensions
Posted On: 07/12/20 - 0

Recent CEBA Update Information New news on what you need to know about CEBA updates and payment extensions. As of December 4, 2020, the CEBA loans for businesses will increase from $40,000 to $60,000.…Read More

Updated Covid Support For Entrepreneurs
Posted On: 03/12/20 - 0

Message from the 124 street Biz Zone  During the recent government’s update, a number of updated Covid support details were provided on both new programs and existing ones. These were made specific…Read More

Canada Emergency Rent Subsidy
Posted On: 03/12/20 - 0

Here is some more news on Covid Support. A Canada Emergency Rent Subsidy has been created for Edmonton Small Business Owners.  This is also known as CERS. According to the CRA  (December 2nd) The Go…Read More

You Are Self-Employed and Have Covid
Posted On: 03/12/20 - 0

What Happens If You Or An Employee Tests Positive For Covid? Firstly, if you are self-employed, or one of your employees have tested positive for Covid, you need to self-isolate.  Were you aware that…Read More

We Are A Top Edmonton Accounting Firm
Posted On: 20/02/18 - 0

We Rank High In Top Edmonton Accounting Firm What an honor to have received the award of coming in at #6 in Top Edmonton Accounting Firm.  We have operated as Strategists Inc. (previously known as Pa…Read More

T4’s And Personal Tax Season
Posted On: 16/01/18 - 0

Just before tax time, there is a T4 slip which will be issued to you. This is a relevant document to help you prepare your personal tax return. What Is A T4 slip? This is a tax document that is a…Read More

Alberta Business and New Labour Laws
Posted On: 12/12/17 - 0

New Labor Laws As an Alberta business owner you need to be informed of new labor laws.  Employees can take job-protected leaves for personal life events. This new legislation is effective in Alberta…Read More

Year End Tax Edition
Posted On: 29/11/17 - 0

Are You Thinking About Year End Tax Planning? Want to know how to reduce your year end tax liability and put more of your hard earned money back into your pocket? Hard to believe that 2018 is almost h…Read More

Tax Implication of Owning A Second Home
Posted On: 21/11/17 - 0

Usage Of Personal Property To avoid any tax implication, know the CRA guidelines. A cabin, or second home, is considered a personal property if it is used primarily for the personal use or enjoyment b…Read More

Soft Loans for Your Children
Posted On: 31/10/17 - 0

What Is A Soft Loan? A soft loan is a loan with a lower rate of interest versus the current bank rates. Sometimes soft loans provide other perks or benefits to borrowers. Those could include longer re…Read More

Proposed Tax Changes -Are You Informed?
Posted On: 29/08/17 - 0

New Federal Tax Means Uncertainty For Small Business  Tax burden is one of the biggest challenges your business faces. It could get worse with new tax changes proposed by the federal government. That…Read More

Business Expense – Meal Allowance
Posted On: 24/08/17 - 0

CRA Guidelines On Business Expense –  Meal Allowances The CRA’s policies on taxable benefits and allowances allow the employer to exclude the value of a meal from an employee’s inco…Read More

Facing Bankruptcy? Protecting Assets From CRA
Posted On: 29/06/17 - 0

Very Important To Separate Personal From Business If Facing Bankruptcy Hopefully, you will never experience facing bankruptcy. But here are some important tips to keep in mind in the event of. Never u…Read More

Insurance Benefits for The Self-Employed
Posted On: 07/06/17 - 0

This is a voluntary benefits program for business owners. It offers insurance benefits for self-employed Canadians. But, there are regulations if a business owner applies and receives benefits under t…Read More

Your Corporate Tax Return
Posted On: 17/05/17 - 0

As a Business Owner, You Need To File A Corporate Tax Return Firstly, as a business owner, you may be tempted to report only part of your income to the CRA on your corporate tax return.  Or, you migh…Read More

How Long Do You store Business Records?
Posted On: 12/04/17 - 0

Many entrepreneurs wonder how long do you store business records? Keeping reliable, accurate and complete records about your business is essential. Save space by regularly eliminating older records ac…Read More

Tax Season And The Sale Of Your Home
Posted On: 12/01/17 - 0

New CRA Requirements On The Sale Of Your Home On October 3, 2016, the government announced a change to the CRA’s reporting requirements. This includes the sale of your home and your tax return. …Read More

Year End Tax Tips
Posted On: 29/11/16 - 0

Special Tax Blog 2017 is almost upon us. It’s time again, to take advantage of the many personal and business tax-planning opportunities that are still available. This year end tax tips article prov…Read More

The Right Accountant For Your Business
Posted On: 02/11/16 - 0

Evaluating Your Current Tax Professional If you currently enlist tax services or work with a small business consultant, are you completely confident that you are working with the right accountant for …Read More

New CRA Canada Child Benefit
Posted On: 13/10/16 - 0

It’s Important To File Your Tax Return Every Year The CRA uses information from your personal tax return to calculate how much your Canada Child Benefit payments will be. To get the Child benefi…Read More

Edmonton Small Business Accounting
Posted On: 23/06/16 - 0

An Introduction To Business Accounting Edmonton small business accounting can assist you in the operation of your business.  Learning a little about the process of accounting will empower you as …Read More

Business Accountant :Lessons From Tax Season
Posted On: 20/06/16 - 0

Business Accountant Tax Tips The April 30 tax deadline has come and gone. Some people still have until June 15th to file without penalty but these folks should have paid their estimated taxes by April…Read More

Incorporating My Small Business, When Is It Time?
Posted On: 01/05/16 - 0

Should I Consider Incorporating My Small Business? By Daniela Hops, CMA, Many business owners ask “Should I consider incorporating my small business?” This is an excellent question.  One …Read More

Your Corporate Taxes Are Soon Approaching and You Are Missing Documentation
Posted On: 01/05/16 - 0

Are You Getting Close To Your Year End And Need Assistance When It Comes To Your Corporate Taxes? In my last blog I talked about the “documentation” lesson regarding corporate taxes, and what…Read More

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297