CRA’s Voluntary Disclosures Program

Do you believe in second chances? The CRA does to a certain extent.  According to the CRA, the amount of previously unreported income in 2013-2014 was $813 million – over 14,000 cases. Find out below if you qualify for CRA’s voluntary disclosures program.  You can’t turn back the hands of …

7 Ways to be Noticed by the CRA

This is definitely one of the times to not stand out and be noticed. Below are some common red flags made by Canadians time and time again. 7 Ways to Draw More Scrutiny From the CRA:  Not reporting all your income.  Not only will you get reassessed but also potentially …

Alberta’s Economy: A New Hope on the Horizon?

Some may venture to say we are at the bottom of the cycle.  Challenging times demand a tough mindset.  According to Alberta Venture, having a diverse economy than that of the 80’s and the predicted rise in oil prices all contribute to new beginnings for Alberta once again.  

Top 5 Worst Tax Expenses Claimed

Doing your taxes, business or personal, can lead to some late nights and can quickly become overwhelming.  If you find yourself rationalizing these type of far fetched claims below, you may want to call an accountant to help you find another way to minimize your taxes. From mydesk.com, below is …

Are You Being Audited?

Audit is a word that tends to scare people with the dreaded expectation of being under the microscope costing you time and money.  Learn how the audit process works, how to prepare for and maybe clear up some common misconceptions.  And if you still feel uneasy about your audit book …

Why Everyone Should Not Agree

People make your company in a large or small business.  Discouraging opposing views and ideas can be a dangerous road.  No one person can have all the answers including the founder of a company.  Find out why you need these type of people and how they set the company up …

A Simple and Effective Way to be More Productive

Time is a non-renewable resource.  This becomes very real very fast in the life of an entrepreneur.  “Thinking outside of the box” is what gives entrepreneurs the creativity needed to innovate and become better faster.  With what feels like a million things to do on your list finding a structured …

Entrepreneurship and Uncertainty

Life is full of uncertainty especially running a small business.  Learning to handle that well lays the foundation of success.  When trying something new and stretching yourself means leaving behind what is familiar, comfortable and predictable.  Find out how other successful entrepreneurs cope with uncertainty. http://www.forbes.com/sites/ashoka/2012/10/23/how-entrepreneurs-cope-with-uncertainty/#7a3d44704b85