The latest financial news and accounting tips from KWB.
Unreported T-slip income
Regardless of the reason, if you have unreported T-slip income of $500 or more from any T-slips in your current year tax return, don’t wait for CRA to catch it. If you have unreported t-slip income in your current year return and also unreported t-slip income in any of the three years prior, you are subject to a […]
There are many benefits that KWB receives as a member of the Quickbooks ProAdvisor program and can pass along to you. Read about what they are, including some potential cost savings for you.
GST Quick Method
The GST Quick Method is available to smaller businesses and is easier, quicker and saves money as compared to the normal method of GST filing. And since all GST registrants must file GST on either an annual, quarterly or monthly basis it can save a lot of time as well as money. is easier, quicker and […]
Borrowing Best Practices
You may not always understand what your banker is seeing or what they are asking for, but the good news is that both your banker and you want to see the business succeed. Here is more info on the 9 simple things that will help you become a more successful borrower.
Quickbooks Online – Free For Clients of KWB
QuickBooks Online (QBO) is a cloud based version of the traditional QuickBooks desktop accounting software that offers some great features and accessibility not available from the desktop environment. Cloud basically means it resides on and is accessible through the internet. We like it so much that effective July 1, 2017 we are offering it at no […]
To make sure you are claiming all the tax deductions that you should be, read about the 7 most commonly overlooked tax deductions.
Why should I review my Unanimous Shareholder Agreement?
If you haven’t reviewed your Unanimous Shareholder Agreement (USA) recently, here are 3 excellent reasons why you should do so: In 2006, the Federal Budget introduced a second dividend rate. Corporate earnings in Alberta, up to $500,000 are taxed at 14%; when a dividend is paid to an individual shareholder this “ineligible-dividend” is taxed as […]
KWB has moved
After 18 years in our offices at the Edmonton Sun building, we have embarked on a new path. We moved on December 1st, 2014 and our new home is now at 9771–54th Avenue, T6E 5J4. Our move went well and the place is looking great. There are a few loose ends that need to be completed, […]
Companies with Internet Based Sales
Do you sell any products or services online? If your answer is yes, the CRA has introduced a new form that needs to be filed with your corporate tax return. Schedule 88 on Internet Business Activities is required if your business earns income from any websites, or is involved in any of the following: – […]
Is your life insurance costing too much?
For many Canadians, the thought of discussing their life insurance protection AFTER the purchase of a policy is unimaginable. It is difficult enough talking about death the first time, why would we want to discuss it again? Life Insurance is about the living…not the dead There are several reasons you might want to consider discussing […]
Family Caregiver Tax Credit
For 2014, if you have a dependent that you claim under one of the following: Spousal amount (line 303) Equivalent to spouse amount (line 305) The child amount (line 367) The caregiver amount (line 315) The infirm dependant (line 306) And that person is defined as infirmed with an impairment in physical or mental functions […]
We launched a new website this past month and it’s full of new content such as: • Videos on numerous tax and business subjects • Dozens of blog postings on topics that we’ve written over the last few years • Content on all sorts of subjects customized to your specific needs • Testimonials from many […]
KWB Seminar Topics
Vote on Future KWB Seminars 1.Retirement planning 2.Health & wellness 3.Hiring foreign workers 4.Client think tank (Improving customer experience) 5.Customer service ideas 6.Acting as an executor or agent 7.Travel 8.Finance for children, teens 9.Navigating post secondary 10.Budgeting 11.How to use an on-line portal 12.Employment issues 13.Benefit plans 14.Will planning 15.Profit driver, business planning tool […]
CRA’s Cash Receipts Window
Canada Revenue Agency (CRA) has announced that they are closing their cash receipts window effective September 30, 2013. Find out how this might affect you.
2013 Federal Budget
On March 21, 2013 the federal budget was released. Read about the 4 items in the budget that we think are most likely to affect you.