As the year comes to a close, businesses in Ottawa, ON, have a unique opportunity to optimize their tax benefits through strategic year-end tax planning. Businesses can potentially reduce their tax burden and increase their bottom line by making well-informed financial decisions before the year ends. In this blog, we'll explore essential tips for businesses to make the most of their tax planning, ensuring they stay financially sound and compliant.
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Year-End Tax Planning: Tips for Businesses to Optimize Tax Benefits
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Why You Should Choose Zak Accounting Professional Corporation!
If you’re a startup, business owner, or entrepreneur, accounting is often the last thing on your mind. Maybe you’re too busy developing and selling your products or services or planning strategic developments. If you put off maintaining your accounts, you could risk financial chaos.
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Canada Recovery Benefit (CRB)
Original Article Source Credits: Canada.ca , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2021-03-25
Link to Original Article: https://www.canada.ca/en/revenue-agency/services/benefits/recovery-benefit.html
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CRA’s COVID Benefits: How to Save Your Stimulus Money From the CRA Clawback
Original Article Source Credits: Yahoo Finance , https://ca.finance.yahoo.com/
Article Written By: Puja Tayal
Original Article Posted on: April 5, 2021
Link to Original Article: https://ca.finance.yahoo.com/news/cra-covid-benefits-save-stimulus-120144392.html
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Canada Revenue Agency: Reduce Your Tax Bill With 3 Easy Deductions
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Adam Othman
Original Article Posted on: November 30, 2020
Link to Original Article: https://www.fool.ca/2020/11/30/canada-revenue-agency-reduce-your-tax-bill-with-3-easy-deductions/
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Do you file your taxes on paper? Due to COVID-19, paper filing may delay your assessment
Original Article Source Credits: Canada.ca , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2020-12-08
Link to Original Article: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips/tax-tips-2020/file-taxes-paper-covid-19-delay.html?utm_source=mediaroom&utm_medium=eml
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CRA Tax Announcement: New TFSA Limit for 2021 Is $6,000
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Christopher Liew, CFA
Original Article Posted on: December 1, 2020
Link to Original Article: https://www.fool.ca/2020/12/01/cra-tax-announcement-new-tfsa-limit-for-2021-is-6000/
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Canada Emergency Response Benefit (CERB) with CRA
Original Article Source Credits: Canada.ca , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2020-10-19
Link to Original Article: https://www.canada.ca/en/revenue-agency/services/benefits/apply-for-cerb-with-cra.html
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Federal government COVID-19 tax updates
Original Article Source Credits: CPA Canada , https://www.cpacanada.ca/
Article Written By: NA
Original Article Posted on: September 17, 2020
Link to Original Article: https://www.cpacanada.ca/en/members-area/profession-news/2020/march/cra-covid19-updates
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Corporate income tax, GST/HST and payroll deductions debt collection
Original Article Source Credits: CANADA , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2020-08-25
Link to Original Article: https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/when-you-money-collections-cra/corporate-debt.html
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CRA adds T4 reporting requirements to validate benefit payments
Original Article Source Credits: Advisor's Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: August 27, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-adds-t4-reporting-requirements-to-validate-benefit-payments/
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Income tax filing and payment deadlines
Original Article Source Credits: CANADA , https://www.canada.ca/
Article Written By: NA
Original Article Posted on: 2020-08-19
Link to Original Article: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html
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CRA extends tax payment deadline to Sept. 30
Original Article Source Credits: Advisor’s Edge , https://www.advisor.ca/
Article Written By: Rudy Mezzetta
Original Article Posted on: July 27, 2020
Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-extends-tax-payment-deadline-to-sept-30/
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Canada Revenue Agency: 3 Tax Breaks That You Can Claim
Original Article Source Credits: The Motley Fool , https://www.fool.ca/
Article Written By: Puja Tayal
Original Article Posted on: August 18, 2020
Link to Original Article: https://www.fool.ca/2020/08/18/canada-revenue-agency-3-tax-breaks-that-you-can-claim/
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Top Five Things To Look For When Hiring A Chartered Professional Accountant
Regardless of the size of your business, having a Chartered Professional Accountant has its benefits. With their knowledge and expertise, they can help you streamline your business and make you aware of growth opportunities you may have never considered.
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CRA and COVID-19
Original Article Source Credits: CANADA , https://www.canada.ca/
Article Written By : NA
Original Article Posted on :
Link to Original Article: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/covid-19-filing-payment-dates.html
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Get ready to do your taxes
Original Article Source Credits: CANADA , https://www.canada.ca/
Article Written By : NA
Original Article Posted on : 2020-07-27
Link to Original Article: https://www.canada.ca/en/revenue-agency/campaigns/taxes-get-ready.html
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Bookkeeping Services By Zak Accounting Professional Corporation
One of the main requirements to run a successful business is the systematic organization of efforts and information. Without proper organization, you’ll find it tough to work towards your goals as you won’t know the status of your resources or your past achievements. To efficiently maintain order in your business, there are different services you can employ.
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Personal Tax Return Services By Zak Accounting Professional Corporation
While most people dread filing their taxes, it’s a mandatory requirement for all Canadian citizens above the age of eighteen to file their taxes before April 30. Paying taxes to the government is essential as they are utilized for the nation’s development and to take care of its citizens. Paying your taxes on time also comes with direct benefits for you, like refunds, rebates (if your earnings are low), and financial organization. Moreover, timely preparation of tax returns can help you claim all of the deductions you’re entitled to, prevent penalties and inquiries from the CRA.
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Understanding Financial Statements With Notice To Reader And Corporate Tax Returns
Being a small business owner is an exciting role as there are numerous avenues of business to explore and experience. Right from operations to marketing and resource management, there are several aspects to cater to. However, when it comes to business accounts and tax preparation, it’s best if you leave these tasks to the experts. This is especially true when your company needs to meet the requirements of external parties, like investors and shareholders.
