1 - 8 - 0 - 0 - H - A - R - T

Should I change my picture in the sidebar?

PICTURE (1) This is the picture that is currently there

PICTURE (2)(3) This the picture embedded in my masthead title picture (both side views)

More →

It’s tax time here and I have many ways to keep track of clients who come in and bring me their records and income tax information. I have to … I do a lot of Income Tax Preparation during the months of March and April and well, actually all the way through until June 15th - which in Canada, is the deadline for individuals with business income.

When I meet with a client, I try to take notes. For every client or group of clients (e.g. for head of house only) I start a new “T1-Transit Mem0″. This is my typing report. This is my guide to keeping track of the tax returns that need to be prepared, who to be billed, and a guide to what to bill based on my actual time spent plus an admin charge. I also note last years’ billed amount, as a reminder and to also watch for, in case I can deduct this in the client’s business.

More →

The following is now available on the CRA Web site:

Canada Revenue Agency interest rates for the second calendar quarter

Ottawa, March 3, 2006… The Canada Revenue Agency (CRA) today announced the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts the CRA owes to individuals and corporations. These rates are calculated quarterly in accordance with applicable legislation and will be in effect from April 1, 2006, to June 30, 2006.

Income tax

More →