(Originally posted on August 30, 2016)

 

Ledgers is Opening a New Location in Edmonton/ St. Albert, AB

 

Ledgers is pleased to announce the awarding of a new franchise in Edmonton north and St. Albert. Our newest Network Member Toby Ramsden is the proud owner.

Toby Ramsden will be up running by the end of August, please visit their website at http://edmontonn.ledgers.com for full contact information.

(Originally posted on August 26, 2016)

 

Ledgers is Opening a New Location in Calgary, AB

 

Ledgers is pleased to announce the awarding of a new franchise in Calgary. Our newest Network Member Jeff Strang is the proud owner.

Jeff Strang will be up running by the end of August, please visit their website at http://calgaryn.ledgers.com for full contact information.

(Originally posted on August 8, 2016)

 

CRA and Lifestyle Audits, Could You Survive One?

 

Back in the November 2015 Article, we briefly mentioned the CRA ‘Lifestyle’ Audit.

Recently, the Globe and Mail wrote that the CRA is introducing these Lifestyle Audits as part of the probe into the Vancouver Real Estate Market, suggesting that people are living far beyond their means so they must have undisclosed (or illegal) income.

So this month, we decided to further detail this type of Audit and we pose the question to you:

“Could You Survive a Lifestyle Audit if CRA Came Calling?

(Originally posted on July 7, 2016)

 

Ledgers is Opening a New Location in Edmonton, AB

 

Ledgers Canada is pleased to announce the awarding of a new franchise in Edmonton. Our newest Network Member Oksana Stefanov is the proud owner.

Oksana Stefanov will be up and running by the end of July, please visit their website at http://edmontonw.ledgers.com for full contact information.

(Originally posted on June 6, 2016)

 

The Most Valuable Asset Your Business has – Your Accountant!

 

Whether your business is just starting out or you have been operating for 20 years, your accountant is one of the most important members of your team.

A good accountant can assist you in making business decisions, developing business plans and tax planning. They can work with you to obtain financing, control labour costs, monitor your gross margin and protect you from government related (tax) issues; all improving your bottom line.

Choosing the right accountant can, however, be a difficult task as anyone can use the term ‘accountant’.

CRA has many times rendered rulings against business owners for having ‘inexperienced’ and ‘unqualified’ accountants and bookkeepers. In fact, one recent case saw a Tax Court of Canada Justice State:

“Mr. A. as the business owner, did not exercise diligence in hiring his spouse to perform the accounting and bookkeeping tasks of the business, therefore, we find Mr. A. liable for the taxes, interest, and penalties as assessed”

This may be an extreme case, but the point is:

The business owner is almost always liable and accountable for the financial affairs of the business.

With so many choices, how do you go about choosing an accounting professional that best meets the needs for your business?

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