RSS Feed Take a look at our recent blog posts and client newsletter articles. en-us Thu, 07 Oct 2021 09:00:00 -0500 Thu, 07 Oct 2021 09:00:00 -0500 Non-Tax Estate Planning Considerations Thu, 07 Oct 2021 09:00:00 -0500 Use These Strategies To Pass on Wealth to Heirs Low interest rates and a volatile stock market create additional opportunities for wealthy individuals to transfer money to heirs tax-free. Fri, 01 Oct 2021 09:00:00 -0500 Small Business: Tips for Ensuring Financial Success Learn how cost accounting helps you make smarter business decisions and lead you to financial success. Fri, 01 Oct 2021 09:00:00 -0500 Marginal vs. Effective Tax Rates Understanding marginal and effective tax rates is important for tax planning purposes, but many taxpayers don't fully understand the difference. Fri, 01 Oct 2021 09:00:00 -0500 If You Receive an IRS Letter or Notice The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be dealt with without calling or visiting an IRS office. Fri, 01 Oct 2021 09:00:00 -0500 Defer Capital Gains Using Like-Kind Exchanges If real estate's your game, did you know that it's possible to defer capital gains by taking advantage of a Section 1031 exchange that allows you to swap investment property on a tax-deferred basis? Fri, 01 Oct 2021 09:00:00 -0500 What Are the Most Important Elements of a Solid Business Plan?

Planning is essential before you start any business. It gives you a blueprint for where the company should be in the coming years and the strategy to reach that level. What’s incredible about planning is that it will also illuminate all the potential issues you are bound to encounter. While several successful businesses are launched […]

The post What Are the Most Important Elements of a Solid Business Plan? first appeared on
Wed, 29 Sep 2021 00:00:00 -0500
4 Ways to Minimize Your Taxes

Taxes are inevitable! Like most taxpayers, you are probably wondering how you can minimize the amount you owe. Your income is taxed at the local, state, and federal levels, not forgetting additional deductions to cover Medicare and Social Security. While tax situations differ for every individual, there are specific steps that most taxpayers can take […]

The post 4 Ways to Minimize Your Taxes first appeared on
Wed, 22 Sep 2021 00:00:00 -0500
5 Facts You Should Know About Compound Interest

If an investment or loan accrues compound interest, its interest is calculated using the sum of its initial principal plus any previously accumulated interest. You can think of this concept t as “interest on interest” that will make your money grow faster than simple interest. Suppose you deposited $100 one year ago in an account […]

The post 5 Facts You Should Know About Compound Interest first appeared on
Wed, 15 Sep 2021 00:00:00 -0500
Why Virtual Accounting Is on the Rise

Accounting has been an essential part of every business since time immemorial. Both profit-making and non-profit organizations require accounts management to keep their finances in check. In simpler terms, accounting tracks money that flows in and out of your business and monitors its assets. An accounting expert deals with financial duties like bookkeeping, taxes, investment […]

The post Why Virtual Accounting Is on the Rise first appeared on
Wed, 08 Sep 2021 00:00:00 -0500
Registered Charities - How to Avoid Losing Charitable Status Thu, 02 Sep 2021 09:00:00 -0500 What Is a Designated Roth Account? If you are a high-income earner who participates in a 401(k), 403(b), or governmental 457(b) retirement plan that has a designated Roth account, making contributions to that account could be a smart move. Wed, 01 Sep 2021 09:00:00 -0500 Verifying Your Identity When Calling the IRS If you need to contact the IRS, you will be asked to verify your identity. Here's what you need to know before you call. Wed, 01 Sep 2021 09:00:00 -0500 Tax Rules for Divorce and Alimony Payments Tax rules regarding divorce and separation can and do change - as they recently did under tax reform - and the last thing on anyone's mind during a divorce or separation is its effect on their tax situation. Wed, 01 Sep 2021 09:00:00 -0500 Tax Relief for Those Affected by Natural Disasters Tax relief may be available if you've been affected by a natural disaster this year, but only if you meet certain conditions. Wed, 01 Sep 2021 09:00:00 -0500 Six Things To Know Before You Start a Business Starting your own business is an exciting prospect, but there is more to it than simply writing a business plan. Wed, 01 Sep 2021 09:00:00 -0500 Are All Health Care Services GST Exempt? Wed, 04 Aug 2021 09:00:00 -0500 Cloud Accounting for Your Business Thu, 22 Jul 2021 09:00:00 -0500 Specified Partnership Income Mon, 28 Jun 2021 09:00:00 -0500 Understanding Real Estate Sales - Capital Gain or Income Thu, 13 May 2021 09:00:00 -0500 Auto Repairs Accounting Mon, 12 Apr 2021 09:00:00 -0500 Accounting for Medical Clinics Thu, 04 Mar 2021 09:00:00 -0600 Law Society of Alberta's Start-Up Reporting Mon, 08 Feb 2021 09:00:00 -0600 7 Tips for Being a Successful Business Owner Mon, 11 Jan 2021 09:00:00 -0600 Should You Include a Trust in Your Will? Wed, 06 Jan 2021 09:00:00 -0600 Basement Suite Rental Income Reporting Mon, 04 Jan 2021 09:00:00 -0600 RECA Trust Audit - What You Need to Know Tue, 15 Dec 2020 09:00:00 -0600 Reporting Online Day Trading Income Mon, 02 Nov 2020 09:00:00 -0600 Rental Property for Non-residents - Withholding Tax Thu, 08 Oct 2020 09:00:00 -0500 Inactive Corporation: Steps to Dissolution Mon, 14 Sep 2020 09:00:00 -0500 Should I Pay Myself a Salary or Dividends from my Corporation Tue, 04 Aug 2020 09:00:00 -0500 What to Know About Proper Accounting and Taxes for a Rental Property Mon, 06 Jul 2020 09:00:00 -0500 What Non-residents Need to Know About Selling Real Property in Canada Tue, 02 Jun 2020 09:00:00 -0500 How to Prepare for Your Business Year End Mon, 04 May 2020 09:00:00 -0500 Buying a Business - Should You Buy the Assets or the Shares? Thu, 09 Apr 2020 09:00:00 -0500 Ways to Securely File Taxes with your CPA During a Pandemic Mon, 30 Mar 2020 09:00:00 -0500 Common CRA Pitfalls to Avoid as a Business Owner Mon, 02 Mar 2020 09:00:00 -0600 Converting a Sole Proprietorship Business to a Corporation Thu, 06 Feb 2020 09:00:00 -0600 How Alberta's Bill 2 Will Impact Your Business Payroll Fri, 10 Jan 2020 09:00:00 -0600 What You Should Know About Income Splitting Tue, 17 Dec 2019 09:00:00 -0600 Can I Write off Interest Expense on Money Borrowed to Purchase Investments? The interest expense on money that is borrowed to purchase an investment is so often forgotten to be taken advantage of. Wed, 13 Nov 2019 09:00:00 -0600 Buy or Lease a Vehicle? Learn the major difference between buying and leasing a vehicle. Wed, 13 Nov 2019 09:00:00 -0600 Buy a Vehicle in a Company or Personal Name, Tax Implications on Shareholder? Buying a vehicle is a good thing as it enhances the smooth running of the business, but there are tax consequences to the shareholder if not properly managed. Wed, 13 Nov 2019 09:00:00 -0600