Taxes can be confusing to many, especially when you need to work with restricted expertise. This is where tax preparation services come to your aid. You need not always keep yourself updated with the tax law changes and understand its many complexities. Top 5 Reasons to hire tax preparation services The […]
The purpose of a financial statement audit is to determine the fairness of an entity’s financial statements according to the GAAP (Generally Accepted Accounting Principles), by an independent auditor. Fairness here can be broken down as the financials being presented are correct and in the proper formats/methods. A Financial statement audit report […]
Director & Personal Liability In a Tax Alert titled “Abuse of Source Deductions and GST/HST Amounts Held in Trust” CRA warned that businesses must hold source deductions and GST/HST amounts in trust for the government. Penalties and interest and possibly personal liability for the directors will be the result if this […]
CRA “My Business Account” The Canada Revenue Agency is constantly improving its online resources for taxpayers. You can view and print Notices of Assessment, check account balances and much more. For business owners, these resources can be very helpful. You can access them through the “My Business Account” portal. If you […]