Incorporated companies, no matter how big or small, need to prepare financial statements and file corporate tax returns. They usually also need to file HST returns and pay source deductions and prepare T4s. But who do you need? A bookkeeper or an accountant? Actually, you probably need both.
In short, bookkeeping is the day-to-day work or the skilled work ...
Life takes all kinds of twists and turns. For business owners, the last thing you need is to be caught unprepared. People often take reasonable measures to counter the uncertainties of life – building up emergency cash reserves, having adequate insurance policies, and creating a last will and testament. However, for business owners, having a thorough and ...
Most people cringe at the word ‘tax’. Not us, we love it! We are often asked what the tax impact would be to a shareholder if he or she sold their business. Calculating the tax impact for the shareholder can ensure peace of mind and ensure the shareholder is aware of all possible tax liabilities when selling. This is why we love tax, we can bring p...
News stories chronicling the rise of corporate executives and their large seven- or eight-figure compensation packages make it seem like employee stock options are only a concern of the wealthy. But employee stock options and other deferred compensation programs are a regular part of many Canadians’ employment agreements, and knowing what they are and how...
You’ve worked hard and you should be proud of yourself – you’ve graduated from your College of Dentistry and are ready to embark on your career. Or say, you’ve worked hard and are ready to retire. Either way – congratulations! Whatever the stage in your career, you will, at some point, be considering purchasing or selling a dental practice, or may...