calgaryprofessionalaccountant.com RSS Feed https://calgaryprofessionalaccountant.com/ Take a look at our recent blog posts and client newsletter articles. en-us Mon, 12 Apr 2021 09:00:00 -0500 Mon, 12 Apr 2021 09:00:00 -0500 Auto Repairs Accounting https://www.calgaryprofessionalaccountant.com/blog.php?id=24 Mon, 12 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=24 Top 5 Reasons to Hire a Business Tax Professional https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1112

Hiring a tax professional gives you peace of mind and a confident understanding of your finances.

The post Top 5 Reasons to Hire a Business Tax Professional first appeared on www.financialhotspot.com.
Fri, 09 Apr 2021 00:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1112
Q & A: The $10,200 Unemployment Tax Break https://www.calgaryprofessionalaccountant.com/newsletter.php#4 A new tax break - in effect only for the 2020 tax year - allows you to exclude the first $10,200 of unemployment compensation from your taxable income. Thu, 01 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#4 PPP Loan Deadline Extended Through May 31 https://www.calgaryprofessionalaccountant.com/newsletter.php#5 The Paycheck Protection Program Extension Act of 2021 was signed into law on March 31, extending the deadline to apply for a loan by an additional 60 days. Thu, 01 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#5 Highlights of the American Rescue Plan Act https://www.calgaryprofessionalaccountant.com/newsletter.php#2 Signed into law on March 11, the American Rescue Plan Act of 2021 contains several tax provisions affecting individuals and families. Thu, 01 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#2 Federal Tax Deadline Extended To May 17 https://www.calgaryprofessionalaccountant.com/newsletter.php#1 The federal income tax filing due date for individual taxpayers, including those who pay self-employment tax, has been extended to Monday, May 17, 2021. Thu, 01 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#1 Economic Impact Payments: Round Three https://www.calgaryprofessionalaccountant.com/newsletter.php#3 Starting March 12, the IRS began sending out the third round of economic impact payments via direct deposit, paper checks, and EIP Cards. Thu, 01 Apr 2021 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#3 How to Maintain Good Credit https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1107

Good credit will always be a vital aspect of your healthy financial future. Find out more!

The post How to Maintain Good Credit first appeared on www.financialhotspot.com.
Wed, 31 Mar 2021 00:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1107
Cash Flow Management and Your Business https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1102

Professional cash flow management provides critical support your business needs to succeed.

The post Cash Flow Management and Your Business first appeared on www.financialhotspot.com.
Wed, 24 Mar 2021 00:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1102
Best Bookkeeping Practices for Your Business https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1097

Accurate bookkeeping is essential for running your business safely and effectively. Find out more!

The post Best Bookkeeping Practices for Your Business first appeared on www.financialhotspot.com.
Wed, 17 Mar 2021 00:00:00 -0500 https://www.calgaryprofessionalaccountant.com/newsletter.php#feed_1097
Accounting for Medical Clinics https://www.calgaryprofessionalaccountant.com/blog.php?id=23 Thu, 04 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=23 Tax Breaks for Families With Children https://www.calgaryprofessionalaccountant.com/newsletter.php#3 If you have children, one or more of these tax credits and deductions could help your family reduce the amount of tax owed. Mon, 01 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/newsletter.php#3 Small Business Tax Roundup https://www.calgaryprofessionalaccountant.com/newsletter.php#4 In 2020, the IRS issued a number of guidance documents as well as final rules and regulations that clarified several tax provisions affecting businesses. Mon, 01 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/newsletter.php#4 Renting Out a Second Home https://www.calgaryprofessionalaccountant.com/newsletter.php#2 Tax rules on rental income from second homes can be confusing, especially if you rent the home out for several months of the year and also use the home yourself. Mon, 01 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/newsletter.php#2 Capital Gains Tax on Sale of Stocks https://www.calgaryprofessionalaccountant.com/newsletter.php#5 If you made money last year buying and selling stocks, you may owe capital gains tax. Mon, 01 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/newsletter.php#5 Avoiding an IRS Tax Audit https://www.calgaryprofessionalaccountant.com/newsletter.php#1 With taxes becoming more complicated every year, there is an even greater possibility of tax confusion turning into a tax mistake and an IRS audit. Avoiding "red flags" like these could help. Mon, 01 Mar 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/newsletter.php#1 Law Society of Alberta's Start-Up Reporting https://www.calgaryprofessionalaccountant.com/blog.php?id=22 Mon, 08 Feb 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=22 7 Tips for Being a Successful Business Owner https://www.calgaryprofessionalaccountant.com/blog.php?id=21 Mon, 11 Jan 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=21 Should You Include a Trust in Your Will? https://www.calgaryprofessionalaccountant.com/blog.php?id=20 Wed, 06 Jan 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=20 Basement Suite Rental Income Reporting https://www.calgaryprofessionalaccountant.com/blog.php?id=19 Mon, 04 Jan 2021 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=19 RECA Trust Audit - What You Need to Know https://www.calgaryprofessionalaccountant.com/blog.php?id=18 Tue, 15 Dec 2020 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=18 Reporting Online Day Trading Income https://www.calgaryprofessionalaccountant.com/blog.php?id=16 Mon, 02 Nov 2020 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=16 Rental Property for Non-residents - Withholding Tax https://www.calgaryprofessionalaccountant.com/blog.php?id=15 Thu, 08 Oct 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=15 Inactive Corporation: Steps to Dissolution https://www.calgaryprofessionalaccountant.com/blog.php?id=14 Mon, 14 Sep 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=14 Should I Pay Myself a Salary or Dividends from my Corporation https://www.calgaryprofessionalaccountant.com/blog.php?id=13 Tue, 04 Aug 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=13 What to Know About Proper Accounting and Taxes for a Rental Property https://www.calgaryprofessionalaccountant.com/blog.php?id=12 Mon, 06 Jul 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=12 What Non-residents Need to Know About Selling Real Property in Canada https://www.calgaryprofessionalaccountant.com/blog.php?id=11 Tue, 02 Jun 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=11 How to Prepare for Your Business Year End https://www.calgaryprofessionalaccountant.com/blog.php?id=10 Mon, 04 May 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=10 Buying a Business - Should You Buy the Assets or the Shares? https://www.calgaryprofessionalaccountant.com/blog.php?id=9 Thu, 09 Apr 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=9 Ways to Securely File Taxes with your CPA During a Pandemic https://www.calgaryprofessionalaccountant.com/blog.php?id=8 Mon, 30 Mar 2020 09:00:00 -0500 https://www.calgaryprofessionalaccountant.com/blog.php?id=8 Common CRA Pitfalls to Avoid as a Business Owner https://www.calgaryprofessionalaccountant.com/blog.php?id=7 Mon, 02 Mar 2020 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=7 Converting a Sole Proprietorship Business to a Corporation https://www.calgaryprofessionalaccountant.com/blog.php?id=6 Thu, 06 Feb 2020 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=6 How Alberta's Bill 2 Will Impact Your Business Payroll https://www.calgaryprofessionalaccountant.com/blog.php?id=5 Fri, 10 Jan 2020 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=5 What You Should Know About Income Splitting https://www.calgaryprofessionalaccountant.com/blog.php?id=4 Tue, 17 Dec 2019 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=4 Can I Write off Interest Expense on Money Borrowed to Purchase Investments? https://www.calgaryprofessionalaccountant.com/blog.php?id=3 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 https://www.calgaryprofessionalaccountant.com/blog.php?id=3 Buy or Lease a Vehicle? https://www.calgaryprofessionalaccountant.com/blog.php?id=1 Learn the major difference between buying and leasing a vehicle. Wed, 13 Nov 2019 09:00:00 -0600 https://www.calgaryprofessionalaccountant.com/blog.php?id=1 Buy a Vehicle in a Company or Personal Name, Tax Implications on Shareholder? https://www.calgaryprofessionalaccountant.com/blog.php?id=2 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 https://www.calgaryprofessionalaccountant.com/blog.php?id=2