Recordkeeping is the key recipe to maximize expense claims and reduce tax obligations for your company. It not only makes life easier by making it easier for your business to prepare your accounts at year-end but also helps you plan your tax payments well in advance. It is the backbone of any business be it big or small. To save yourself from the last-minute tax preparation panic and trouble from tax authorities, bookkeeping is a must! HSM also offers va...
Many people think (quite wrongly) that estate planning only keeps the wealthy up at night. In truth, everyone can benefit from skilled and competent . How? Well, a sound estate plan makes sure that your home, your financial affairs and all your crucial assets are in good stead following your demise. Thus, you are able to provide for your family long after you’re gone. A question w...
We’ve all been waiting for the final details of the Governments 75% wage subsidy. On Sunday the legislation was passed as Bill C-14, COVID-19 Emergency Response Act, No. 2. The content of the Bill is relatively short and put together quickly by the Department of Finance to assist businesses through the present pandemic. The Bill includes some clarification on the brief details announced by the Government previously. However, like many new tax provisions, interpretation and clarification wil...
