KWB is Hiring! KWB Chartered Professional Accountants is growing and is looking for an amazing professional to add to our team! Are you someone who enjoys the variety that public […]
Save Money with a Health Plan
How can you save $100’s and maybe $1,000’s in taxes in one simple step? Are you an employee of your own company and do you have significant medical expenses each year of $2,000 or more not covered by a health plan? Then creating a “Private Health Services Plan” (PHSP) as soon as possible could save you big dollars.
CPP death benefit The CPP death benefit is a one-time, lump-sum payment to the estate of the deceased contributor. The CPP death benefit can be paid to: The Estate of the […]
To our friends, clients, and business partners, We hope this newsletter finds you well and healthy. The volume of information we’ve received from provincial and federal governments over the last […]
We are encouraging you to send us your personal tax information or corporate records electronically. This guide will assist you through the process while ensuring your data is secure and […]
KWB Chartered Professional Accountants has a proactive plan for continued operation in this new environment. You and our team are our first priority. We want to inform you of what […]
Most business owners would probably agree that, when it comes to sales, there’s always room for improvement. To this end, every company should strive for organic sales growth — that is, increases […]
KWB is hosting a tailor-made event for HVAC and Plumbing business owners. At this event we will show you how to make the most of your Quickbooks Online software and […]
Here’s a list of some things to avoid when filing your tax return. Follow these tips; they could save you time and money! Filing an income tax and benefit return […]
Based on CRA requirements you should be keeping receipts & records and supporting documents at your place of business or your residence in Canada for a period of six years […]
Do you need to register for GST? Some services are exempt from the GST/HST – that is, no GST/HST applies to them. This means that you do not charge the GST/HST on […]
A good data manager should ensure that: You are compliant with the CRA at all times. You are focused on your business, not the data. You are capturing and recording […]
Travel expenses include food, beverage, lodging and transportation (such as airplane, train, bus, etc.) expenses but not motor vehicle expenses. You can deduct travelling expenses on your personal tax return as long as you […]
Welcome to our new monthly segment, “Ask an Accountant”. We are giving you the opportunity to ask us a question and in addition to answering you directly we may post […]
Here are some of the most common terms used in Accounting today: AR = Accounts Receivable – The amount of money owed by customers or clients to a business after […]
If you would like to spend less time organizing your records and more time growing your business, you should automate your document retention with Receipt Bank. Receipt Bank is a […]
There are many apps that can be integrated into your Quickbooks Online software in order to provide extra value and Dryrun is one of them. Forecast cash flow and sales […]
What is director’s liability? While the tax debts of a corporation belong to the corporation and the tax debts of an individual belong to that individual, there are some exceptions […]
An advantage to being self-employed is that you don’t pay into Employment Insurance (EI) like employees do. However, a program was introduced in 2010 which allows self-employed individuals to opt […]
Did you know that if you are receiving CPP benefits, are still working and are between the ages of 65 and 70, you can elect to stop making CPP contributions. […]
If you are starting a new business in Canada or are operating one already, then this article is for you. Types of business structures The type of structure you choose […]
If you have sold your home and it is your principal residence then you should be able to use the principal residence exemption to reduce or eliminate any capital gain […]
The new rent subsidy for businesses will bring welcome relief for many of our business clients affected by COVID-19. Canadian businesses, non-profit organizations, or charities who have seen a drop […]
At KWB, we are passionate about QuickBooks Online (QBO) and the apps that integrate with it. We are equally passionate about treating you as a business partner by sharing valuable […]
