If you are a home business owner, you can benefit from the tax preparation services offered by Accountable Business Services (ABS) ABSPROF a professional accounting and tax firm. Our knowledgeable, dedicated team has the tools and skills to prepare your taxes in a timely and efficient fashion.
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.
A Paperless Tax Office is a work environment in which the use of paper is eliminated or greatly reduced. This is done by converting your tax documents and other accounting and bookkeeping papers into digital form. Advocates claim that “going paperless” can save money, boost productivity, save space, make documentation and information sharing easier, keep personal information more secure, and help the environment. The concept can be extended to communications outside the office as well.
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.
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.
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!
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.
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.
Preparing Canadian Personal (T1) and Corporate (T2) Tax Returns are becoming progressively complicated due to yearly changes in Canadian Personal (T1) and Corporate (T2) Tax laws. Tax payers may struggle to abide by with an increasing burden of Canada Revenue Agency (CRA) filing and reporting requirements. Therefore, they may risk penalties for failing to comply with changes in lawmaking and miss valuable opportunities.
Tax season for Canadian farm and small business owners may be months away, but experts generally recommend that you try to get a jump on at least organizing your records and bookkeeping.
The earlier you get organized – having everything you’ll need for tax filing easily accessible – the better off you’re likely to be when you actually need to file your taxes. However, one misstep many small business owners make, particularly if you’re in charge of relatively small operations, is filing taxes yourself.
The number of problems that can arise from that type of action – even if it’s well intentioned – are significant enough that small business owners should avoid it at all costs.
Tax interest and punishments add up lightning fast. If you did not file a Tax (T1 & T2) Return because you did not have the income to pay what was due, or you filed but simply did not pay, you have gotten yourself into quite a predicament. And the more you let this situation go, the more likely you’re going to pay for it and pay for it big.
We’re asked to pay Tax (T1 & T2) in Canada, and a significant amount of money of our profit goes to pay Tax (T1 & T2). Why not have a professional prepare your Tax Return (T1 & T2) and help you in Tax planning? The target of Tax Planning is to optimize or defer Taxes (T1 & T2) payable. Individuals are given the chance to prepare their financial matters in the most healthful means possible within the rules of the Income Tax Act. Many Canadians do not give much thought to Tax (T1 & T2) Planning until it is time to file their Tax (T1 & T2) Returns. However, it is the Tax (T1 & T2) Planning throughout the year that will save the most money at Tax (T1 & T2) time.