FROM THE SUCCESS PEOPLETM
At KAFT CPA we’re here helping people achieve success, both in business and personally. We’ve created this blog to provide you with expert accounting tips to help save your money and grow your business.
2018 is rapidly approaching. Before you know it the holidays will be upon us and the new year will have started. Next, it will be spring and then it will be time to file your 2017 taxes. Avoiding the stress that often comes with the reporting season is made easier when you implement personal tax …
You probably got a loan, large or small, to start your business and you’re likely to be paying it back for quite some time. Your business won’t take a smooth trajectory from small business loan, to paying it off to rolling in profits: you might need another business loan or line of credit to …Read More
Starting January 1st, new measures came into effect that will affect anybody who has used income sprinkling to pay less tax on business earnings. Income sprinkling was a technically legal way to reduce your tax burden by paying family members dividend income from your business. Say you make $100,000: you could pay $24,809 on that …Read More
There are only two certainties in life: death and taxes. It’s no secret that filing taxes can be a stressful affair. That’s especially true for Canadians, who pay almost $15,000 per citizen per year. Tax season can leave you scratching your head and low on money. For business owners, taxes can seem even more complicated. …Read More
No matter the time of year, you should be thinking about how to maximize tax return value when it comes time to file. Your taxes are an overall assessment of your yearly earnings, after all. It’s important to be thinking about it throughout the year so that you’re prepared for the outcome when you file. …Read More
A business is only as good as it’s bookkeeper. Good records will help you keep track of where your business has been, and knowing that will help you plan ahead and make important decisions that can determine the success of your business in the future. Bookkeeping records can help you: Track your business growth by …Read More
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