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Have you ever had one of those dreams where you’re driving in a car and you need to get somewhere by a certain time – but you have no idea how to get there and you keep encountering obstacle after obstacle that blocks your path? Nearly everyone has. Although it’s stressful, it’s actually a pretty
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Certainly, preparing for an appointment with your tax accountant makes his or her task simpler, but it also benefits your business in some big ways. First, when you’re prepared, your meeting is probably going to take significantly less time, and more importantly – preparing for your appointment can help you uncover additional questions and concerns
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If you own a business, to some degree, achieving a financial balance is determined by your spreadsheet and financial goals. Your financial planner can be your ally in establishing realistic goals and determining how much money can be spent on company needs and how much is available to you as salary or bonus. Having a
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The History of Etiquette The French word étiquette (or estiquette) was first introduced in the 1700s to mean a ticket. During the rule of King Louis XIV, signs were posted throughout the royal gardens in order to prevent visitors from walking over the intricately preened lawn. Subsequently, the meaning of the word evolved to signify
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When is my year-end? Self-employed individuals generally have to use a December 31st year-end. When do I have to file my tax return? If you or your spouse or common-law partner carried on a business during the year, your tax return must be filed on or before June 15th of the following year. Penalties are
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Although a Not-for-Profit organization (NPO) may be thought to be the same as a charitable organization there are significant differences. What is a Not-For-Profit Organization? A NPO can either be incorporated or not incorporated. A NPO is a club, society, or association that is not a charity. It is organized and operated solely for: ■
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There’s no way around it, a business’ tax records can take up an enormous amount of room. Also, you may want to destroy your old records for security or other purposes. The Canada Revenue Agency has strict guidelines when it comes to keeping and destroying tax records. Their guidelines state: “You must keep all of
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Taxpayers in Toronto and the rest of Canada have rights. But what exactly does that include? The Taxpayer Bill of Rights is a set of 16 rights that you have in your relationship with the Canada Revenue Agency. Canadian Taxpayer Rights As a Canadian taxpayer, you have the right to: • Receive entitlements
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If you do a lot of traveling, or commute into Toronto for work, you’re going to accumulate a lot of gas receipts for tax purposes. Anyone who has had to keep gas receipts knows how quickly they can fade. So, many of our tax accounting clients ask us if it’s acceptable to scan their records
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The term offshore account has such a seedy name in film and TV these days. You say the term and people associate it with tax evasion, shady accounting, money laundering or worse. The fact remains that an offshore account can be a vital part of your business, and is perfectly acceptable, as long as you
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In an increasingly paperless world we live, many of the people who come to us for tax accounting in Toronto want to know what types of electronic records are acceptable for the Canada Revenue Agency. The Canada Revenue Agency does allow electronic records, as long as they meet the same standards and criteria as paper
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Coming up in September, a favourite speaker at HSS seminars is traveling to Toronto to provide an Economic Forecast. Join Brian Beaulieu on September 25th as he provides interesting predictions for the North American economy. As this is always a popular event there are 2 times to choose from. Guest Speaker: Brian Beaulieu, CEO, ITR
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