Roth Hrywkiw Fidek LLP

Thursday Tax Facts The gabelle was a very unpopular tax on salt in France that was established in the mid-14th century and lasted until 1946 (with brief lapses). The tax affected all French citizens and propagated extreme regional disparities in salt prices.... Unfair taxes and financial burden imposed upon the lower-classes was a main facet of the general population's discontent and a leading reason for the French Revolution. The salt tax stands as one of the most hated and unequal forms of revenue generations in the country's history.

Tax consequences: leaving Canada If you've made the decision to leave Canada, it is important to consider the tax consequences beforehand. This article provides some great tips on what to consider in conjunction with your move.... If you have further questions, please feel free to touch base with us at 403-343-7707. https://www.advisor.ca//tax-consequences-when-your-client/

Thursday Tax Facts In 1705, Russian Emperor Peter the Great placed a tax on beards. Why? The intent of the tax was to force men to adopt the clean-shaven look that was common in Western Europe.... The amount? - 60 rubles for those associated with the Imperial Court, military or government. - 100 rubles per year to wealthy merchants - 60 rubles for townsfolk - 30 rubles for Muscovites - 2 half-kopeks for peasants every time they entered the city A "beard token" was issued to those had paid the tax.

In order to maintain a successful farming operation, you need a successful farm accountant. We can help you in these areas: 1. Cash flow forecasts... 2. Government subsidy applications 3. Succession planning 4. Tax return preparation and planning 5. Financial statement analysis Looking for a quality farm accountant? Call Kerstan at 403-343-7707. We have offices in Olds & Trochu, AB for your convenience! https://rhfaccountants.ca/client-services/

In business, the key to sustained success is selling a solution to your customers' problem. Every business offers gimmicks, services and products. Be the business that offers the solution.

As of January 1, 2021, CPP premiums have once again increased. Those with earnings over the annual threshold ($61,600) will see $3,166 deducted from their paycheque (2019-$2,898). For self-employed individuals earning more than the maximum, you will be required to remit $6,332 (2019-$5,796) which represents the employee & employer portion together.... Please keep this increase in mind as you plan for the coming years payroll remittances. https://financialpost.com//planned-increase-in-cpp-premium

Highlights from CRA Q&A session: 1.) Can you amend CEWS choices and elections? Yes, changes can be made by submitting an amended application and attestation form. Contact your accountant if you have questions.... 2.) Will CRA provide relief for the standby charge? CRA is not proposing relief for this taxable employee benefit. 3.) Motor vehicle home at night policy for essential workers. An employer may be able to reduce the operating benefit charged to the employee in certain circumstances. 4.) Travel from home to worksite. Travel from home to work site will be considered business travel, providing that the work site is not the regular place of employment. https://www.cpacanada.ca//p/2020/march/cra-covid19-updates

Happy New Year and all the best in 2021 from the staff and partners at Roth Hrywkiw Fidek LLP. It's got to be better than 2020.

Has the pandemic opened a business opportunity for you? If yes, that's awesome! If you're in the process of starting up or have already got the ball rolling, consulting an accountant early on is always beneficial.... With so much uncertainty in the market, it's usually wise to keep things simple to give yourself a better chance at success. If you're looking for an accountant to help solve some of your initial business questions, Joelle is here to help. She has worked with numerous small businesses over the past 15+ years to help them achieve their dreams.

Articles Comments: Principal Residence Deduction Our thoughts? The ability to claim the principal residence exemption allows you to shield tax on sale on what is typically the most valuable asset for most individuals.... Be careful claiming the exemption as CRA is consistently changing reporting rules in an effort to "catch" taxpayers who are abusing this exemption. Keep detailed records. Discuss your situation with your accountant. Ensure you report all property sales on your tax return. https://financialpost.com//cra-cracking-down-on-abuse-of-p

Considering buying or leasing a new vehicle? This calculator from CCH Wolters Kluwer should set you on the right path. https://www.cchwebsites.com/c/calculators/CABuyvsLease.html

Need to file a US personal tax return? - Sale of US property - US rental income - Recover US gambling winnings... - Employment earnings Call Jerome at 403-343-7707. #accounting #advisory #business #Olds #Trochu #rhfaccountants #tax #yeg #yqf #yyc #taxseason #personaltax #Cdntax #UStax #smallbiz #cpa #incometax #taxplanning #gst #taxpreparation #cra #taxprofessional #taxrefund #taxpreparer