by ABS Professionals | Nov 25, 2016 | Blog
Employment in Canada’s retail sector will hit a 12-year low this year as companies adopt technology and trim costs in response to weak growth in consumer spending, says a new report released Tuesday.
(more…)
by ABS Professionals | Nov 25, 2016 | Blog

There are so many things to handle with during the time of the divorce that taxes and their implications are placed to the bottom of the list. In most cases there are assets that need to be divided up amongst the couple, and one of the ways that can be advantageous to both is to consider the after-tax cost of these assets.
(more…)
by ABS Professionals | Jul 27, 2016 | Articles, Blog
In this day and age of 24/7 connectivity and social media passion most people are aware of the fact that there are people around the world who spend every waking moment trying to figure out ways of parting you with your hard earned money in any way possible. One way of doing this is to steal the identity of an individual and then taking out loans and mortgages in that person’s name without their knowledge.
(more…)
by ABS Professionals | Jun 5, 2016 | Blog, Bookkeeping
Would you like to have the freedom to take care of business without having to think about the day-to-day tasks that are essential to the success of your business? Accountable Business Services (ABS) ABSPROF can help you with every aspect of your tax preparation and planning, including individual, partnership and corporate tax returns. We also offer a complete range of Calgary bookkeeping and accounting services.
(more…)
by ABS Professionals | Jun 5, 2016 | Blog, Tax Preparation & Filing
Whether you’re a business owner in Calgary, Edmonton and Red Deer, AB, or a private citizen, tax preparation is something that no one looks forward to. That’s why Accountable Business Services (ABS) ABSPROF is prepared to take that task off your hands and get it done quickly and efficiently. We have the knowledge and the cloud technology to untangle even the most complex financial data and crunch those numbers in no time.
(more…)
by ABS Professionals | Apr 21, 2016 | Articles, Blog
Alberta’s Finance Minister, Joe Ceci, delivered the new provincial budget, forecasting an almost $58 billion debt within 3 years.
(more…)
by ABS Professionals | Apr 19, 2016 | Articles, Blog
It is astonishing just how many people figure that they have a good handle on the requirements for their tax filing. Yet there are thousands of taxpayers that end up doing their taxes wrong or end up losing some potential savings because of their wrong assumptions. There are some very common tax issues that you should be aware of for your boosting up your income tax knowledge, and if you don’t boost up your basic income tax knowledge than it will cause you problems.
(more…)
by ABS Professionals | Apr 5, 2016 | Blog, Tax Planning & Strategies
As average tax payers we often gripe about how some of us have to pay substantial tax yet those that really can afford it seem to be paying very little. We all know that this comes down to what is commonly known as tax loopholes.
(more…)
by ABS Professionals | Mar 16, 2016 | Blog, Tax Planning & Strategies
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.
(more…)
by ABS Professionals | Feb 9, 2016 | Articles, Blog
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.
(more…)
by ABS Professionals | Feb 1, 2016 | Articles, Blog
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.
(more…)
by ABS Professionals | Jan 6, 2016 | Articles, Blog
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.
(more…)
by ABS Professionals | Dec 31, 2015 | Articles, Blog
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.
(more…)
by ABS Professionals | Dec 30, 2015 | Articles, Blog
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.
(more…)
by ABS Professionals | Dec 28, 2015 | Accounting & Taxes, Blog
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.
(more…)
by ABS Professionals | Dec 27, 2015 | Articles, Blog
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.
(more…)
by ABS Professionals | Dec 26, 2015 | Blog, Tax Preparation & Filing
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.
(more…)
by ABS Professionals | Dec 16, 2015 | Blog, Tax Preparation & Filing
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.
(more…)
by ABS Professionals | Dec 15, 2015 | Articles, Blog
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.
(more…)
by ABS Professionals | Dec 12, 2015 | Articles, Blog
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.
(more…)