The first year of your divorce means that you are now responsible for you doing your own taxes and it can be a little bit confusing. You have to declare what your marital status is and if you are separated or divorced then you will be filing as a single individual.
Now that you have overcame your tax responsibilities as a couple and you now have a new little one on the way, you also are going to have the extra responsibility of determining how your taxes have to be done in relation to the newborn baby.
Commission employees often run into a lot of difficulties when it comes to doing their taxes. They are often inspected by the CRA because they are generally known to make a lot of mistakes and these are usually mistakes that impact the amount of money that they’re paying.
Being as we are now in a tax season every individual looks at what is best for them when it comes to getting breaks on their taxes. One group of people that gets very confused and overwhelmed during tax season is the seniors.
We hope you had a lovely break over the festive season and are starting a new year full of ideas and inspiration to make 2016 amazing. If you are a Calgary small business owner with employees, it’s time to think about T4’s.
It is really difficult for individuals that have speech impairments or are hard of hearing to be able to deal with the CRA via the telephone. The CRA is making every effort to be as transparent as possible and to be as approachable by every taxpayer.
Navigating the ever changing tax laws has never been so complex. Thousands of tax and accounting guidance are produced every year to try and simplify the taxpayer task in dispatching his or her statutory duties.
The holidays are over and it is back to reality for a lot of us. And that reality means thinking about what is next on our to do list – that is – the tax filing season! Yes, it is that time of the year again! We are still a few months away but remember, it is always better to prepare early!
A cooperative business is one where a group of people have a common goal that they want to meet and they do this by forming a cooperative business entity. The group that is forming the business are called the members. While this type of business has many similarities to the common types of businesses that we are most aware of there are some differences.
Most average families have gotten to the point where they are really scaling up their efforts on cutting back their expenses and looking for innovative ways of making a few extra dollars or savings. When there is something free being offered a lot of people tended to opt for it. A good example of this is air miles and one of the latest fads is the cash back credit cards.
Usually when the finances begin to get out of control it’s because there is a lot of debt that has to be dealt with. When this happens individuals then start looking for solutions to be able to turn things around. One of the options that often gets put on the table is looking at the consolidations of loans.
Running a small business takes time and dedication, and if you’re like most small business owners and managers, you’ve already got a lot on your plate. Why add accounting to your ever-growing list of responsibilities when our team is on hand to help? At Accountable Business Services (ABS) ABSPROF, we offer a variety of small business accounting services to local organizations in and around Edmonton, AB.
One of the most famous happenings when it comes to the New Year is the New Year’s resolutions that a multitude of people put in place. They usually start thinking about this seriously between the week of Christmas and New Year’s and then when the clock strikes midnight on New Year’s Eve they are ready to start on a new path in life.
If you live in Calgary, AB, tax preparation help is waiting with a knowledgeable and friendly team at Accountable Business Services (ABS) ABSPROF, Filing your taxes can sometimes be a long and time consuming process, especially if you own a business or have a unique employment situation, but our team is able to quickly navigate the tax code to file the right paperwork for you.
Welcome to Accountable Business Services (ABS) ABSPROF which is an Alberta famous Accounting firm for self-employed individuals and Home Based Business owners. Accountable Business Services (ABS) ABSPROF is the Edmonton’s most efficient Accounting, Bookkeeping and Income Tax (T1 & T2) Preparation and e Filing service provider.
It is not unusual for taxpayers to pay closer attention as to what is going on with the government during an election. Once the election takes place then many of us tend to go back to our normal lifestyles and just except whatever the government is proposing to bring in by way of legislation. On the other hand many taxpayers are now becoming more keen on following what is going to take place with their tax dollars.
Once you get your taxes filed then you can sit back and wait for your assessment. Eventually it arrives and it all appears to be good. So you file it away and figure you are done for another year. Then all of a sudden some time through the summer you receive another piece of mail from the CRA.
It is truly hard to believe that another year has gone by so quickly. In many ways it has been an eventful year with it being an election one. As the year comes to a close the general aura of the Canadian population seems to be one with a more positive outlook.
For a lot of people money is tight at any time of year, but this situation can become most depressing around the Christmas Celebration in Canada. This is because there are so many financial expectations that arise. Families are expected to decorate their homes in keeping with the season. There are at least a few gifts to buy and there are family gatherings where some form of refreshments have to be served.
During the Christmas season there are so many social events where people have the chance to get together and just socialize. It has been an age old concept that there are three subjects that really should never be discussed. These are death, politics and taxes. So what are the reasons for this, and why maybe should this taboo of not speaking about these subjects?