Whether you are a new or established business owner, it’s important to have an accountant who is familiar with the ins and outs of business accounting. The best way to ensure this is by selecting a corporate tax accountant in Edmonton who can provide you with the information and services you need. Fortunately, there are… Continue reading Find a Corporate Tax Accountant at Bomcas
Author: dellendo
Getting the Most Out of Your Taxes With Bomcas Personal Tax Accountant
Whether you have a small business or you’re a solopreneur, you need to be aware of how to prepare your tax return in order to get the best possible outcome for your taxes. To do this, you need to know what penalties and fines you can avoid, as well as how to get the most… Continue reading Getting the Most Out of Your Taxes With Bomcas Personal Tax Accountant
What is Bookkeeping and Why Should You Outsource It?
Bookkeeping is the recording of financial transactions, which is part of the accounting process for businesses and other organizations. It involves preparing source documents for all transactions, operations, and events related to a business. This can be done either in-house or by outsourcing the job to a professional. There are a variety of reasons, to… Continue reading What is Bookkeeping and Why Should You Outsource It?
What Is Canadian GST?
Canadian GST is a tax on goods and services that are sold in Canada. The applicable GST rate for a supply is 5%, regardless of the province in which the supply takes place. GST rates also apply to services performed in non-participating provinces. A service performed on tangible personal property is also considered a supply… Continue reading What Is Canadian GST?
Benefits of Income From Farming
Currently, income from farming is taxed at the industrial rate. However, income from farming has several special benefits. Some of these benefits include land transfer tax, SR&ED, and Capital cost allowance. The Canadian Farm Association (CFA) supports Private Bill C-208, which would exempt transfers to siblings at arm’s length or to children under the age… Continue reading Benefits of Income From Farming
What You Need to Know About Canadian Corporate Tax
Canadian Corporate Tax rules are a complex issue, but it’s important to understand them to minimize your tax burden. You can find out more about the small business deduction, Rates, Business limit, and the filing deadlines in this article. Then you can file your tax returns with ease! Whether you’re a sole proprietor, a small… Continue reading What You Need to Know About Canadian Corporate Tax
Canadian Personal Tax
Canadian Personal Tax is a system for calculating the tax owed on a person’s assets. It is calculated based on the cost of a specific property. This tax is due from the date the person passes away. There are certain exempt assets from the tax system. Some of them are discussed in this article. In… Continue reading Canadian Personal Tax