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NEWS FEEDS..... • December 31, 2008 is fast approaching! Now is the time for some last minute tax planning to minimize your taxes for 2008. • Beginning with year ends ending in 2008, small business corporations will enjoy even lower income tax rates on income eligible for the small business deduction. Stay tuned for updates in my tax tips section. • The following expenses are deductible if they are paid before the end of the year: * moving expenses, *child care expenses, *safety deposit box fees, *charitable donations, *political contributions, *medical expenses, *alimony, *union and professional dues, *interest and carrying charges, *transit passes and fitness amounts for children. • Businesses should purchase capital assets before the end of the year to get the most out of the "half-year rule" depreciation right off in the current year. • If you are planning to sell stocks that you have lost money on, sell them before December 31 and use the losses to offset against any capital gains you've had in the current or past three years. (Make sure the settlement date on the sale falls in the current year!) • November 30, 2008 is the deadline for filing corporate income tax returns with a May 31, 2008 year end. Filing by this date will avoid late-filing penalties. There's still some time.... give me a call or fill out my contact form. • Are you a few years behind in filing your corporate tax returns? It's time to catch up! Contact me to discuss your options. Welcome to my site! I am a chartered accountant who believes that my clients deserve great service! I provide accounting and tax services to small and mid-sized businesses, individuals, and entrepreneurs. I serve the Toronto, Mississauga, and York Region areas including Thornhill, Richmond Hill, Concord, Markham, Newmarket and Aurora. My services are knowledgeable, professional and affordable. (They're also friendly!) If you are a business owner, entrepreneur or a self-employed individual who is... - tired of not getting your calls returned by your accountant
- tired of feeling like the little guy in a pool of larger clients
- tired of waiting forever to get what you are paying for
- tired of paying expensive accountant's fees that go up every year
Then let me tell you... why you should use my accounting services! There's lots of useful info on the site. Check out the tax tips page for lots of great tips for both corporations and individuals. |