Accounting technology has been evolving, from manual accounting systems to computerized accounting on your desktop computer, and now we welcome the next step, Accounting in the Cloud. We have been watching the development of accounting solutions in the cloud, and believe they have developed to the stage where they can fully suit your business needs,…
Author: Bert Mulder
Canada Revenue Agency announces maximum pensionable earnings for 2019
The maximum pensionable earnings under the Canada Pension Plan (CPP) for 2019 will be $57,400—up from $55,900 in 2018. The new ceiling was calculated according to a CPP legislated formula that takes into account the growth in average weekly wages and salaries in Canada. Contributors who earn more than $57,400 in 2019 are not permitted…
Interest rates for the fourth calendar quarter The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2018 to December 31, 2018. Income…
Remote QuickBooks® software
I am pleased to announce that Eric Mulder has completed the setup of QuickBooks® Desktop to be run remotely, hosted on my server. As a result, effective immediately I will be offering to host your QuickBooks® Desktop file, so that you can run your QuickBooks® Desktop as if it is QuickBooks Online®. As this is run through…
Repatriation tax on American citizens in Canada that own Canadian Corporations
As part of the US Tax Reform, there is a new tax of up to 15.5% on the retained earnings of Controlled Foreign Corporations. This is a new issue, and much information on this is still rolling out, so I plan to keep you abreast on this issue. You will wish to seek professional advice…
IRS CRIMINAL DIVISION NOW SEEKING NON-COMPLIANT US CITIZENS & GREEN CARD HOLDERS
The IRS Criminal Investigation (“CI”) Division is abruptly and drastically expanding its activities to locate and prosecute non-compliant US taxpayers. ACTIONS THE IRS IS TAKING International Tax Enforcement Group Don Fort, the newly appointed IRS Chief of Criminal Investigation is forming an “International Tax Enforcement Group”, in addition to a new “Nationally Coordinated Investigations Unit”.…
Interest rates for the first calendar quarter
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from January 1, 2018, to March 31, 2018. There have been no changes to the prescribed interest rates…
Bert Mulder Scholarship for Church Organists
Congratulations to Heather Ball on winning the Bert Mulder Scholarship. Wish you the Lord’s blessing in your organ studies
Government Announces the 2018 Automobile Deduction Limits and Expense Benefit Rates for Businesses
December 22, 2017 – Ottawa, Ontario – Department of Finance Canada The Department of Finance Canada today announced the income tax deduction limits and expense benefit rates that will apply in 2018 when using an automobile for business purposes. Most of the limits and rates that applied in 2017 will continue to apply in 2018,…