(Originally posted on January 5, 2016)

 

Tax Time Tips Prepare Now, Save Later!

 

Yes, it is time to start thinking about your taxes again! Following are some tips to help you to minimize your family tax burden:

  1. 1. Be organized; keeping your receipts in a safe place will ensure you get all of the deductions and credits you are entitled to. A small lost receipt for Daycare, medical, children’s fitness etc. could cost you tax dollars
  2. 2. Contribute to RRSP’s; every dollar you invest could save you up to $40 in income tax. Additionally, interest earned while in the RRSP is tax-deferred

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(Originally posted on December 7, 2015)

 

Is Your Business Ready for Year-End?

 

The end of the year does not have to bring woes to your business, in fact, it should represent a time to reflect on the successes (and failures) of the previous year and a time to look forward to the upcoming year, your business plans and goals.

When thinking about year-end, the obvious comes to mind; T4’s, taxes, reconciliation’s and financial statements.

You should however consider the less obvious; that is, your business plan.

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(Originally posted on November 8, 2015)

 

Ledgers (Niagara) Wins Corporate Sponsorship Award!

 

Ledgers has been selected to receive a Corporate Sponsor Award at the City of Niagara Falls Volunteer Recognition Evening 2015!

See more HERE.

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(Originally posted on November 1, 2015)

 

Types of CRA Audits, and potential consequences

 

In the past couple of issues, we looked at what can cause an audit and the powers an auditor has; this month, we will look at the types of audits (yes, there are several) and the potential consequences of being audited.

 

1. Correspondence Audit

Likely the least intrusive and easiest audit to undergo, this audit generally targets the self-employed and small business owners.

The name of the audit describes how it is conducted – by correspondence. You will receive a letter from CRA looking for certain documents and information and then you submit the required information to the CRA. Done!

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(Originally posted on November 1, 2015)

 

Ledgers Opening a New Location in Guelph, ON

 

Ledgers Canada is pleased to announce the awarding of a new franchise location in Guelph, ON! Our newest Network Member, Daniel McCourt is the proud owner of this location.

Daniel will be up and running by the end of November, please visit his website at http://guelph.ledgers.com for full contact information.

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  1. Ledgers Opens Another Location in Edmonton!
  2. Ledgers (Niagara) Nominated for Newcomer of the Year
  3. Ledgers Canada hands out awards at Annual Conference in Las Vegas NV.
  4. Handling a CRA Audit, Part 2 – What can they ask for?

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