Protecting your biggest asset

Most small business owner/operators realize they should insure their biggest assets. They insure buildings, trucks and large pieces of industrial equipment. But how many insure what could be their biggest asset – the ability to work and earn income? Think…

Worry Free Payroll

Our Paytrak payroll service is inexpensive and worry free. Report the employee hours a few days before payday Payroll is done! Payroll can be a burden, even using in-house payroll software. It is time sensitive Mistakes mean complaints from staff…

When is an Annual Return not a Tax Return?

Sometimes when people say “Annual Return” they are referring to a tax return but an “Annual Return” is also what the Province of Alberta calls the return that needs to be filed with a registry office each year. Each year…

Salary or Dividends

Small business owners often ask if they should pay themselves with salary or dividends. The answer, as usual, depends on your particular financial situation and goals. First of all remember that: Salaries build up RRSP room. Dividends do not. Salaries…

Make Networking Work

Most of us know how hard it is to make Networking really work. But here is an article I found at bookmarklee.co.uk that sums things up nicely: If we focus only on what we can get from a networking situation…

Tax Scams

Tax season will soon be upon us but sadly For every tax problem… …there is a solution which is straightforward, uncomplicated and wrong (Credit to marksaccjokes.blogspot.ca) Unfortunately some of those “solutions” are tax scams that you want no part of.…

Get it in Writing!

The Get it in Writing! campaign is being carried out by the Canadian Home Builders’ Association with support from the Government of Canada. If you’re planning on hiring a contractor to do construction, renovation, or repair work on your home,…

Employment Standards

Employment standards are a provincial issue and Alberta has its own set of employment standards. To find out things like: Minimum wage Employment of minors Hours of work Holidays Vacation pay You need to go to Alberta’s website at www.alberta.ca…

Year End Matters

Many corporations have year ends at December 31 and personal tax returns all operate on a calendar year basis. So, here are a few things to check to make sure you are in compliance with Canada Revenue Agency’s reporting requirements:…