Tax Question:What is the cost of asking tax questions? How can I avoid huge fees when I have a “simple” or “quick” question? Facts:One of the things that often creates unnecessary friction between clients and advisors is the cost versus value of advice asked for and received. For example, a client might ask what seems […]
ATED is a tax payable by companies or other entities that own high value residential property (a ‘dwelling’). It came into effect from 1 April 2013 and is payable each year. Most residential properties (dwellings) are owned directly by individuals, but in some cases a dwelling may be owned by a company, a partnership with […]
Tax Question: What tax implications does the 2015 British Columbia (BC) provincial budget have for owner managed businesses? Facts: BC Provincial Finance Minister Michael de Jong introduced the 2015 budget on February 17, 2015. The BC provincial budget was aimed at balancing expenditures and revenues and did not introduce any significant tax measures. In fact the […]
Tax Question:What is the Small Business Job Credit and how can I take advantage of it? Facts:On September 11, 2014 the Minister of Finance announced the introduction of this credit. It is a two year measure that will help small businesses by lowering their Employment Insurance premiums from the legislated rate in 2015 and 2016. Discussion:A […]
Tax Question:Why should I stay connected to my accountant throughout the life cycle of my company? Facts:Having a strong relationship with your accountant can add value to your business. Your accountant should be one of the professionals you approach when making important business decisions. Keeping your accountant in the loop can help you make wise business […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Pavlina Petrova of ZARA CONSULT Ltd. Pavlina has joined IR as our exclusive Tax (Accountants) & Corporate Services Member in Bulgaria. As a Corporate Services Provider ZARA CONSULT Ltd. provide Company Formations and full company maintenance for international clients in Bulgaria including Accounting […]
In Canada a company can be asked to prepare financial statements with one of five levels of report; No Report, Notice To Reader, Review Engagement, Audit Report or Forensic Audit Report. The costs go up with each level of service. Financial statements are required for a number of reasons such as accompanying tax returns, reporting […]
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Don Griffin of Griffin Group Accountants. Don has joined IR as our exclusive Tax (Accountants) member in Australia. Serving tax and accounting clients across Australia for over 35 years, Don Griffin is the founder of Griffin Group Accountants and Etax Accountants. Don […]
Facts: Canada Revenue Agency (CRA) has a number of dates and deadlines of importance to corporations. Failure to comply with these deadlines may raise a red flag with CRA, which in turn may trigger an audit. Discussion: Corporate Tax – 2 months after your corporate fiscal year end-tax due for corporations with taxable income in […]
Tax Question: How is corporate tax calculated if my company has income in more than one province in Canada? Facts: If your company is a Canadian taxpayer, Canadian corporate tax is calculated by allocating taxable income between the provinces in which your company has a permanent establishment presence. Discussion: The company is considered to have […]
WDM International is pleased to announce that with effect from 1st January 2015, Dr. Jonathan De Giovanni was admitted to partnership of the firm, taking up the role as Partner responsible for Legal and International Tax Services. Dr. De Giovanni graduated as Doctor of Laws in 2009 defending a thesis entitled ‘Domestic and Treaty based […]
Tax Question:How is corporate tax calculated if my company has income in more than one province in Canada? Facts:If your company is a Canadian taxpayer, Canadian corporate tax is calculated by allocating taxable income between the provinces in which your company has a permanent establishment presence. Discussion:The company is considered to have a permanent establishment presence […]