Tips on Tips
An employee who makes tips (aka gratuities) as part of their income is obligated to declare that income on their personal tax return.
Don’t Miss the 2019 Tax Changes!
Written by Gwyneth James MBA CPA, CGA Senior Partner If you have been a little busy lately managing work, kids, or other responsibilities you may have missed a few changes to tax- and employment-related rates for 2019. Here’s a quick recap: The maximum rate per kilometer that an employee or shareholder is allowed to claim … Read more
Should You Or Shouldn’t You? Equipment Financing Options
Written by: Suzanne Cody CPA, CGA Senior Partner When you need equipment you don’t necessarily have to buy it, you have options. You could lease it instead. Leasing is often a good alternative to applying for a loan. Equipment financing is designed specifically for the purchase of business equipment. There are three main options for … Read more
The Accounting Zone – March 2018
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.
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.
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