HOW TO IMPACT YOUR 2016 TAX BILL

HOW TO IMPACT YOUR 2016 TAX BILL Accounting fees and legal feesCertain accounting or legal fees such as the cost of representation on tax disputes are deductible in the year paid. If you have these costs be sure to pay them before the end of the year.Charitable or political donationsIf you are planning to give […]

STRATA CORPORATIONS FILING REQUIREMENTS

STRATA CORPORATIONS FILING REQUIREMENTS All strata corporations must file a corporate income tax return each year, even if there is no tax payable. Generally, strata corporations are considered non-profit organizations that are exempt from tax under paragraph 149 (1)(l) of the Income Tax Act (ITA). A strata corporation’s taxation status is based on the particulars […]

ACCOUNTING FEES

ACCOUNTING FEES Background facts:All accountants charge by time spent on a task or project. The longer it takes the higher the cost will be. Notwithstanding these facts, it is possible to provide a fixed fee quote; however, this quote is really an estimation of the time required multiplied by the anticipated charge out rate. Economic […]