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Tax Articles

In-House Accounting vs. Outsourcing

Victoria E. Turnbull
By Victoria E. Turnbull

Accounting In-House Vs. Outsourced

Small to medium sized businesses across the Hamilton area have been tightening their financial belts for the last couple of years; curbing expenditures, adding another year or two between renewing office computers, or even trying to take on more roles inside the business. As...READ FULL STORY »

Getting Accounts Receivable Organized

Victoria E. Turnbull
By Victoria E. Turnbull

Getting Accounts Receivable Organized

With the busy season for many industries starting up again, it’s important that you ensure your accounts receivable is organized and ready to track your company’s invoices sent to customers. We’ve put together this quick list to help you optimize your accounts recei...READ FULL STORY »

Late Filing Income Tax Return

Victoria E. Turnbull
By Victoria E. Turnbull

Late Filing Income Tax Return

Being late to file income tax can quickly become costly, especially if there is an outstanding tax owing payment to be made to the Canada Revenue Agency. If you’ve stumbled across this article while searching about filing your late taxes, or owing money to the CRA, we suggest t...READ FULL STORY »

Working Income Tax Benefit

Victoria E. Turnbull
By Victoria E. Turnbull

Working Income Tax Benefit

The Working Income Tax Benefit, also known as the ‘WITB’, is a refundable tax credit that helps provide some tax relief for hard-working, low-income individuals and families in the workforce. The Working Income Tax Benefit is claimed on line 453 of the income tax and benefit ret...READ FULL STORY »

GST HST Credits

Victoria E. Turnbull
By Victoria E. Turnbull

GST/HST Credits

The GST/HST Credit is a tax-free quarterly payment that is sent to individuals and families with low and modest incomes to help to offset some of the GST/HST that they pay during the year. Since the benefit is tax-free, it does not affect the amount of income being reported to the CRA during t...READ FULL STORY »

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