Are you being buried in cheques? How do you get people paid easily? How are you paying bills? How are your employees getting paid? Would you like this to be more automated while still having approval control? There are 2 separate options that we use frequently: Bank payment Pros: You can Email transfer money – […]
Did you know there is a way to stop keeping all your receipts and still get all your information to your bookkeeper. Not only that but Bookkeeper will get it real time and stop chasing you for items. Bookkeepers can stop calling and asking for everything- we just remind you of the few things you […]
The new CPP and EI rates have been released for 2018 The employee and employer contribution rates for 2018 will remain unchanged at 4.95%, and the self-employed contribution rate will remain unchanged at 9.9%. The maximum employer and employee contributions to the plan for 2018 will be $2,593.80 each, and the maximum self-employed contribution […]
CRA will not phone you about owing money! If there is ever any tax money outstanding on your personal or business account, CRA will send a letter to your home address they have on file. You will get a brown envelope asking you to call them first. If someone calls you from the “CRA” most […]
Do you owe money to the CRA? Next time you look at your bank account you may be in for a big surprise! The CRA has been seizing accounts lately for back payments without warning. Sometimes there are payment arrangements that have been made that have gone to the wrong account – as in the […]
Payroll changes are coming December 31, 2017– How will they affect your business? As of December 31, 2017 the Alberta Labour laws are changing – these payroll changes will effect your business if you have any of the below that apply. General holiday and general holiday pay The requirement to have worked for 30 days in the […]
A question we get frequently is “I have this CRA bill – how do I pay it?” There are several options to make a CRA payment We can pull the money from your bank account and pay the CRA for you You will need to fill out the correct forms with us We pull money from […]
There has been a lot of talk in the media about the proposed tax changes that according to the government will “close loopholes” but according to accountants and small business owners will harm small business. What do you need to know about the proposed tax changes? There are 3 proposed changes: Income sprinkling Basically if […]
On October first in Alberta there will be a new minimum wage. What does this mean for business owners with employees? The minimum wage rates have been changing yearly on October 1. the last scheduled wage increase will be October 1, 2018. If you use minimum or low wage workers you need to be aware […]
Minute Books When incorporating your company, a crucial step you need to take is setting up a minute book. During the process of incorporating, the registry will not make you set one up. However, as a business owner you are responsible for creating and upkeeping one. Which may seem intimidating, but with the proper […]
