The Accounting Zone – September 2017
The latest edition of The Accounting Zone is now available. Click here to read our current newsletter publication. To subscribe to our newsletter, click here.
6 Success Factors For Running a Home Based Business
Written by Suzanne Cody CPA, CGA Are you thinking about starting or currently running a home based business? The success of your business rests with several important aspects. Some of the more important factors are defined and highlighted below. Target market – You need to know who your customers are. The three main ways to … Read more
The Accounting Zone – August 2017
The latest edition of The Accounting Zone is now available. Click here to read our current newsletter publication. To subscribe to our newsletter, click here.
Voluntary Disclosures Program
Written by Gwyneth James MBA CPA, CGA Senior Partner We all make mistakes, but we don’t all get a chance to fix them before it’s too late. What if you suddenly realize that you made a mistake on your tax return? The Canada Revenue Agency (CRA) has a method for taxpayers to correct a previous … Read more
Tax-Deductible Interest – What is eligible & what is not!
Written by: Gwyneth James MBA CPA, CGA Senior Partner There are many examples in income tax where the interest paid on a loan can be deducted from taxable income: mortgage interest on a rental property, loan interest on a business line of credit, and credit card interest on business credit cards, to name a few. … Read more
Driving A Vehicle for Business Use
Written By: Amanda Beard, Bookkeeper Do you drive a vehicle for business use? Did you know the Canada Revenue Agency (CRA) requires you to keep a log of business trips and receipts to claim vehicle expenses? Eligible vehicle business expenses include fuel, repairs and maintenance, insurance, licenses and registration fees, leasing costs, loan interest and … Read more
4 Reasons Why You Need a Bookkeeper
Written by: Suzanne Cody, CPA CGA As soon as you start a business, you need to start keeping track of every transaction no matter how small. Every movement of money in and out of your account needs to be recorded. Depending on the volume of these transactions, you may or may not be able to … Read more