Creating a holding company (Hold Co.) can be a strategic approach for business owners looking to transform wealth into a legacy. Primarily, a Hold Co. does not produce any goods … Read more
If you’re a business owner, you’ve probably heard of the lifetime capital gains exemption that can apply to the sale of qualifying private company shares. If you and your family … Read more
If you’re a QuickBooks Online (QBO) user using Payments or Payroll direct deposit, you’ve likely received a request to submit business documentation. This isn’t a glitch—it’s part of a required … Read more
Technology is changing the accounting profession. The use of artificial intelligence (AI) and machine learning is increasing in the field. These technologies are automating many tasks that were previously done … Read more
If you’re a business owner contemplating the best way to remunerate yourself or seeking to optimize your tax strategy – understanding the differences between salary and dividends is crucial. We … Read more
The Government of Ontario is changing the way users access secure government services. Services that previously used ONe-Key credentials are switching to a new My Ontario Account service. My Ontario … Read more
Running a business comes with many perks and rewards, and many expenses! From travel and meals with clients or your team, to basic supplies and subscriptions for software that you … Read more
The deadline to file your personal tax return is approaching quickly! It is crucial to start organizing and gathering all the required paperwork so that you stay compliant and don’t … Read more
As the deadline for filing family trust returns in Canada approaches, it is important for families to take action and ensure that they meet the deadline. Family trusts can offer … Read more
Payroll source deductions are amounts that an employer is required to withhold from an employee’s pay and remit to the government on behalf of the employee. These deductions include federal … Read more
A great small business tax accountant does more than just measure value, they create it. At CPA4IT our goal is to save you substantially more than it costs you for our services. Over the last 30 years we have developed tax strategies designed to help you keep more of your hard earned money. If you would like to learn how we can help you pay less tax, simply download our FREE Guide to Pay Less Tax.
