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Updated by Versatile Accounting Calgary on Jul 26, 2020
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Versatile Accounting

Tax Planning & Compliance

Tax Planning & Compliance - Calgary CPA Firm

We are a Calgary CPA firm that helps you with corporate and personal npo-accounting, tax compliance, and advisory services. Save Money. Call 587-717-7786

Salary or Dividend – Taking Money Out of Your Business

In Canada, incorporated business owners have few options in how they pay themselves from the business. The two main choices we will cover here are salary or dividends.Receive a personal income: Paying yourself a salary means you will be getting a regular paycheck which most people prefer over getting random dividend checks. Talk to Versatile Accounting firms Calgary for payroll services, this will help you to focus on business, and we will take care of all your payroll services.

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Professional Accounting Services in Calgary for Small Business - 587-717-7786

With a good Small business accountants Calgary or designated CPA, Calgary businesses can not only save money on payroll services and doing their taxes but also find the hidden costs that are robbing them of a better profit.Professional Accounting Services in Calgary for Small Businesses • Reputable Calgary Accounting Firm • Versatile Accounting • Call 587-717-7786.

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Calgary’s Best Corporate & Personal Tax Services

At Versatile Accounting, we understand that each client is unique, and as such, we tailor our strategies to meet your needs precisely. We provide a full range of integrated services, including preparing corporate income tax returns for corporations, trusts and partnerships, filing tax elections, and corresponding with federal and provincial tax authorities.

Top Questions We Get At Tax Time

Accountant Calgary You can find the amount of your balance owing online by logging into My Account or the MyCRA mobile app. If you have a refund, you can find the refund details online in My Account or using the MyCRA mobile app, which includes the refund method (direct deposit or mailed cheque), the date it was sent and the amount. You can also call the Tax Information Phone Service (TIPS) at 1-800-267-6999 to ask about your refund. TIPS is available from mid-February to December 2019.

Versatile Accounting Professional Corporation, a reputable Calgary

Most Canadian income tax and benefit returns for the 2018 tax year are due on April 30, 2019. It’s important to file your tax return on time to avoid interest and penalty charges, and possible delays or interruptions in your benefit and credit payments Accounting Services. Even if you didn’t receive any income this year, you may still get a tax refund and be eligible for benefit and credit payments.

What Are Competent Calgary CPA?

Did you know there are free certified software programs that you can use to do your taxes online? Versatile Accounting, Last year, about 90% of Canadians filed their returns online. Some of these software programs will give you suggestions on which tax credits and deductions you can claim and which benefits and credits you can apply for, based on the information you enter.

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Accounting Services for Charities, Associations, and Not-for-Profits in Calgary

Not-for-profit organizations are different from for-profit enterprises in several ways. At Versatile, we understand these differences and make it our mission to help you succeed in dealing with the opportunities and challenges of your particular circumstances.

How Much Do Accountants Make In Calgary?

Personal & Corporate Tax Return Services in Calgary, AB. Reliable, Money & Time Saving Service for the Calgary and surrounding areas Tax Services Calgary. Versatile Accounting staff are certified financial accountants, and bookkeeping service professionals.

Accounting Services Calgary Guide To Communicating Value

As a Calgary accounting firm, many of our clients ask tax tips and questions to help them save money on taxes Accountant Calgary. The Canada Revenue Agency gets a lot of similar questions and they have answered them through various helpful articles which we are happy to share with you.

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How To Gain Accounting Firms Calgary

Most people who enter business know little or nothing about accounting Accounting Services Calgary, tax planning or financial management in general. It would seem natural to consult an accountant in Calgary. However, this step is mostly avoided – often with disastrous consequences.

Accounting Services | Business Advice And Guidance‎

Versatile Accounting CPA can provide you practical insights into your financial information which will make sense to you so that you can make educated decisions to grow and run your business in Calgary. Providing shareholders and the market with assurance and credible financial reporting is crucial to your business’s success and longevity.

Business Tax - Fees – Licenses – Dues | Versatile Accounting Calgary

You can deduct any annual license fees and business taxes you incur to run your business Accountant Calgary. You can also deduct annual dues or fees to keep your membership in a trade or commercial association. You cannot deduct club membership dues (including initiation fees) if the primary purpose of the club is dining, recreation, or sporting activities.

Affordable Bookkeeping Services Calgary Offered To Small Businesses

Versatile accounting is a full-service accounting agency based in Calgary, AB. In addition to small business bookkeeping services, we educate our clients about what we’re doing so they can make better financial decisions for their company.

Why The First Hire You Should Make Is A Bookkeeper

So why is it a good idea to hire a bookkeeper from the beginning? A bookkeeper knows the ins and outs of business. They can advise you on which expenses can be written off legitimately and what you should be keeping as far as receipts, invoices, and bills go. It helps a lot to make the first hire a bookkeeper in your company, even if the bookkeeper is an outside bookkeeping service Calgary because you are likely not able to hire a bookkeeper right away in most small business situations.

Eight Things To Remember At Tax Time

As a Calgary accounting firm, many of our clients ask tax tips and questions to help them save money on taxes. The Canada Revenue Agency gets a lot of similar questions and they have answered them through various helpful articles which we are happy to share with you. Getting ready to do your 2018 taxes? The Canada Revenue Agency (CRA) has a few tips that could save you time and money. At tax time, here are eight things to remember.

Seniors Put Money Back In Your Pocket This Tax Season Versatile Accounting Calgary

As a Calgary accounting firm, many of our clients ask tax tips and questions to help them save money on taxes. The Canada Revenue Agency gets a lot of similar questions and they have answered them through various helpful articles which we are happy to share with you. As a senior, you may be eligible for a wide range of tax benefits and credits. The Canada Revenue Agency (CRA) has tips to help make sure you get everything you’re entitled to this tax season.

How Do Nonprofit Organizations Do Accounting?

At Versatile Accounting, we understand that each client is unique At Versatile Accounting, we understand that each client is unique, and as such, we tailor our strategies to meet your needs precisely Accounting Services Calgary. We provide a full range of integrated services, including preparing corporate income tax returns for corporations, trusts and partnerships, filing tax elections, and corresponding with federal and provincial tax authorities., and as such, we tailor our strategies to meet your needs precisely. We provide a full range of integrated services, including preparing corporate income tax returns for corporations, trusts and partnerships, filing tax elections, and corresponding with federal and provincial tax authorities.

Streamline Your Accounting Process

Here is a hard, cold fact: Many business owners, especially if they’re start-ups Accounting Firms Calgary, know little or nothing about the ins and outs of tax planning or compliance. Versatile accounting qualified accountant can be invaluable at this time in getting things right. A qualified accountant must keep update with tax laws every year. So anything you encounter in the way of tax implications will prompt wise advice from your qualified accountant.

Accounting, Bookkeeping & Managed Services Calgary

Every year around tax time, Canadians call their accounting firms Calgary with a variety of questions. A number of these can be addressed by using the CRA’s online services such as My Account or the CRA’s mobile web apps, MyCRA or MyBenefits CRA. We have selected a few helpful CRA tips and articles to share with you.

Changes to Taxes of a result of COVID-19

Dear Clients, As the news is ever-changing and there is an abundance of information available, we want to reach out to you to update you on the most recent developments with regards to taxes. In response to COVID-19, on March 18, 2020, the Government of Canada announced that they will be extending the personal tax filing deadline to June 1, 2020, with the payment deadline now being August 31, 2020. Please see the following excerpt from the Government of Canada’s website:

Canada’s Economic Response Plan to COVID-19 - Versatile Accounting - Calgary CPA

During this Global pandemic, the Government of Canada has announced several action steps to help improve not only the health and safety of Canadians but also decisive action steps to help Canadians facing financial problems of the result of COVID-19. The Prime Minister has announced several action steps to help both Canadian workers and businesses to help stabilize the economy. Please download and read the document file of the action steps that the Canadian government has taken.

2019 Federal Budget Summary - Versatile Accounting - Calgary CPA

Versatile Accounting has obtained a 15 page PDF document from The CPA which highlights 2019 federal budget. INTRODUCTION, PERSONAL INCOME TAX MEASURES, Canada Training Benefits.

Eight things to remember at tax time - Versatile Accounting - Calgary CPA

As a Calgary accounting firm, many of our clients ask tax tips and questions to help them save money on taxes. The Canada Revenue Agency gets a lot of similar questions and they have answered them through various helpful articles which we are happy to share with you.