Happy 2016! We wish you and your family Health and Prosperity in this New Year! You can’t predict the future. But we’ll help you plan for it. For over 30 years we’ve been helping businesses and individuals save money and prevent costly mistakes. Our full-service CPA Firm combines the technical knowledge of Chartered Professional Accountant and entrepreneurial mindset of Strategic Business Advisor.
Business owners and individuals complain but often do nothing to improve their financial situation. Face this New Year with confidence using our customized strategy and knowing that we are here to help you weather all changes and to prosper. The statement “Cash is King” is more relevant than ever before and our proven techniques and experience will positively impact your finances.
TAX TIP You could save a lot of tax by shifting income to a lower-income family member. You can loan money to him/her at the all-time low government-prescribed 1% interest rate. Then they can acquire investments and report that income at their own lower tax rate. This can go on forever, however interest must be paid to you by January 30 each year. Contact us now for professional advice on how to implement this excellent tax minimization strategy before prescribed rates go up.
Cash-In On Our Professional Services
We can help you find and save money in your business or household as follows:
- Contact us now to perform a Diagnostic Review to grow your cash flow.
- Cash Flow Management can make or break your business. We will show you how to find and save money.
- Effective Tax Planning – every dollar counts. Can you afford to overpay your taxes? Contact us now for immediate assistance to minimize your tax bill.
- Timely and Accurate Reports such as financial statements, cash flow forecasts and budgets are vital for every business or household. Contact us now to get started.
- Better Bookkeeping – with money tight, all record keeping must improve dramatically. We will assist you by cleaning up messy books and helping you identify unnecessary or overpriced expenditures – saving you substantial money.
- Save money by creating a Budget for both your business and household income and expenses. Contact us now to get started.
- Eliminate debt quickly. Re-finance and consolidate your debts. We will help you restructure your debts in conjunction with your creditors.
TAX TIP Canada Revenue Agency (CRA) will charge you a Missing Slips Penalty for failure to report income from all tax slips on your personal tax return. They will charge you tax plus interest plus a 20% penalty based on the amount of income you failed to report. Therefore, it is critical you report all tax information slips to avoid this significant penalty. Contact us now and we will help ensure your income tax return is always prepared accurately so that you can avoid this costly penalty.
Filing Deadline – T4/T4A/T5 Tax Slips
To avoid costly penalties, all Employers and Payors must issue T4/T4A/T5 tax slips by the last day of February, 2016. If you require our T4/T4A/T5 reporting services, contact us now but not later than Monday January 18, 2016.
We Will Help You
Now more than ever you need our comprehensive business advisory, financial planning and strategic tax consulting services. We also use the most advanced state-of-the-art technology to minimize your income tax liabilities.
To arrange your personal and confidential FinancialCHECKUP™, call now 905-709-HELP or click here to email.