by adminaccountantcpa | Dec 13, 2019 | Tax Deductions
A startup cost can be any money or capital which you spent to get your business off the ground. For example if you’re a starting a website development company then your startup costs would include computers, desks, chairs and various software etc. If you want your...
by adminaccountantcpa | Dec 6, 2019 | Retirement Saving
Getting right into it. What is an RRSP? A Registered Retirement Saving Plan (RRSP) is a government sanctioned investment plan designed to help a taxpayer save for retirement by making contributions that are tax deductible. This means that you can contribute to an RRSP...
by adminaccountantcpa | Nov 27, 2019 | Small Businesses
Here is a list of must-do accounting tasks for all business owners. Organize your accounting recordsReview bank reconciliationsGo over accounts receivable Go over your financial documentsThink About what you can write off Ask about additional...
by adminaccountantcpa | Nov 6, 2019 | Tax Information, Tips
Did you know that there are three possible beneficiaries to your estate? These are Your FamilyThe GovernmentA Charity When a death occurs, the default beneficiaries of the deceased are their family and the government. However many people prefer to leave their wealth...
by adminaccountantcpa | Oct 7, 2019 | Medical Professionals
It’s common for physicians to employ their family members (kids or spouse) in their practice. The main benefit of this approach is the tax savings because the children or the spouse are taxed at a lower rate as compared to the doctor. Keep in mind that the amounts...