Ledgers Canada

Ledgers is the one-stop source for all of the #accounting and #FinancialRequirements of your
#SmallBusiness.

[Ledgers Canada @ledgerscanada]

Do you have a Personal Services Corporation? The CRA is coming for you!

https://t.co/X5PmL9lleW

[Ledgers Canada @ledgerscanada]

This Month's Newsletter: Trust Reporting Changes

https://t.co/a1dTDlPHAu

[Ledgers Canada @ledgerscanada]

Ledgers and a Client featured on New @QuickBooks Promotional Video!

https://t.co/K0qG9PJkhx

[Ledgers Canada @ledgerscanada]

Celebrating 30 Years!

https://t.co/8QS3DSYkjj

[Ledgers Canada @ledgerscanada]

The current economy is causing a great deal of stress for a lot of people, and it is only going to get worse.

Considering investing in RRSP's this year? Check out our article first.

https://t.co/mVta21AKVJ

[Ledgers Canada @ledgerscanada]

Do you have employees, or do you have ‘sub-contractors’? The consequences of a run-in with CRA over the application of the employee vs. self-employed rules can be quite significant.

Employee or Self-Employed: https://t.co/HSzl8C98Xc

[Ledgers Canada @ledgerscanada]

This Month's Newsletter: Don't get Caught by a CRA Scam!

https://t.co/c9EoNxbKY1

[Ledgers Canada @ledgerscanada]

This Month's Newsletter: It's Time to Take Your Bookkeeping Seriously

https://t.co/FmuhJ3JPar

[Ledgers Canada @ledgerscanada]

'If your business is ever subject to a payroll audit, CRA auditor will look at Taxable Benefits. Due to the complexity of these types of earnings, most small business owners report them incorrectly.'

Taxable vs. Non-Taxable Benefits: https://t.co/ieQPP3UP2n

[Ledgers Canada @ledgerscanada]

This Month's Newsletter: The Underused Housing Tax (UHT)

https://t.co/5G3ZT57u7i

[Ledgers Canada @ledgerscanada]

"Great! You’ve decided to start a business. One of the most critical decisions to make however, is not location, staffing, advertising or financing, it is: What legal structure should your business take?"

Choosing a Business Structure: https://t.co/pitSxTRjF7

[Ledgers Canada @ledgerscanada]

"Others issued shares to their spouses and children solely for the purpose of splitting income. The CRA then came up with the Tax on Split Income rules (TOSI), in 2018.

So, how does it work? Here’s a brief overview:"

Tax on Split Income (TOSI) Rules: https://t.co/ToRvQIz82a

[Ledgers Canada @ledgerscanada]

"Did you know that as a Registered Charity, you likely qualify for a GST / HST rebate even if you are not registered for it?... It can add up to several thousand dollars each year."

Is Your Charity Getting the GST/HST Rebate? https://t.co/iK1A7m0b55

[Ledgers Canada @ledgerscanada]

"But one of their most powerful tools is the Lifestyle Audit; in basic terms, they look at they way you live vs. the income you reported on your tax returns. How does this work?"

Lifestyle (Net Worth) Audits: https://t.co/uFEBMI4t0W

[Ledgers Canada @ledgerscanada]

"There are many programs out there designed for small businesses, all of them announcing that you can do the books, payroll, and financial reporting yourself. Is this true though?"

It's ok, (really!) to pay a Professional Bookkeeper: https://t.co/9xtu2dQzGI

[Ledgers Canada @ledgerscanada]

"There are significant differences, but everyone should really have both types of investments in their financial plans. How much and when you contribute to each will vary based upon your personal situation each year."

RRSP or TFSA, What's the Difference? https://t.co/047y0CU2oW

[Ledgers Canada @ledgerscanada]

This Month's Newsletter: Is Your Business Ready for Year-End?

https://t.co/HidVU60glM

[Ledgers Canada @ledgerscanada]

'Your credit score tells a potential lender the probability that you will repay your debt to them as promised; several factors go into the score, here are the primary ones...'

Understanding Your Credit Score: https://t.co/kfowaz4Qhq

[Ledgers Canada @ledgerscanada]

'...Tax bracket and other factors, a significant amount of dividends could be received before you notice an increase in your personal tax burden, making them seem to be tax-free.'
Salary vs. Dividends, What's Best for you?
https://t.co/5W0WXPV2sH

[Ledgers Canada @ledgerscanada]

Ledgers featured in Made in CA

https://t.co/e3cuCOy3rU