Welcome to Accounting in the Cloud

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,…

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…

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…

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,…