Axcel Zone Accounting & Tax Consulting Services
Auburn Bay Crescent SE T3M 0E3 Calgary, AB, Canada

Canadians who file their taxes after the June 1 or June 15 deadlines but before September 1 wont face any late-filing penalties, the government has said. Remember to file your taxes before September 1 to avoid a disruption in several government benefit programs that are related to your tax filing. This applies to you even if there is no income. https://globalnews.ca//2-million-canadians-havent-filed-t/... Let us help you get your taxes done in a timely manner. Call today on 403-909-8376 to make an appointment. #AxcelZone #personaltaxes #selfemployedtaxes

Do you know that a profitable business does not guarantee business sustainability? Constant and regular cash flow will make the business succeed. As a business owner myself, I understand the needs of small and medium business (SMB). Whether you are a start-up or an established SMB, consistent and regular cash flow is vital, and I can help you forecast your business cash flow to alleviate day-to-day cash flow restrictions. At Axcel Zone, we always have a passion for serving... small and mid-sized businesses and would love to work with you! Call us now! We look forward to be of service to you. #axcelzone #cashflow #businesssustainability

August 31, 2020 Last Chance for Extended Filing and Payment Deadlines Although the extended deadline to file 2019 individual (T1) income tax has passed, you will still have time to file 2019 T1 income tax up to Aug 31,2020. This is your last chance to avoid the late filing penalty.... Penalties and interest will not be charged if payments are made by the extended deadlines of September 1, 2020. This includes the late-filing penalty as long as the return is filed by September 1, 2020. If you are expecting a tax refund, we can help you get the refund into your pocket sooner rather than later. The tax refund would come in handy to make your property tax payment due on June 30, 2020. Whatever your tax situation, let us help you get your taxes done in a timely manner. Call today on 403-909-8376 to make an appointment #axcelzone #2019personaltaxes #weareheretohelp

The extended deadline to file 2019 individual income tax returns is fast approaching: 14 days to go to Jun 1. If you are expecting a tax refund, we can make that happen sooner rather later. For individuals who have 2019 tax owing, you now have more time to make your payment as the payment deadline has been extended to Aug 31.... The sooner you file your taxes, the better it is to avoid a disruption in several government benefit programs that are related to your tax filing. This applies to you even if there is no income. Whatever your tax situation, let us help you get your taxes done In a timely manner. Call today on 403-909-8376 to make an appointment. #AxcelZone #personaltaxreturn #covid19 #extendeddeadlineisapproaching

Stay vigilant even in light of the COVID-19 pandemic! Despite this global catastrophe, there are unethical groups who would not hesitate to fraud and scam you. not spare you be a target of the scammers. They take advantage of this fragile situation and catch you off-guard while you grieve or are in despair, whether financially, socially or emotionally. Just recently, one of our clients received an email purportedly from the tax authority saying he was eligible to a refund of ...520.00CAD. Fortunately, we intervened in time to stop any financial loss. TIPS to avoid unnecessary financial losses to online and or phone scams: - 1) Keep in mind that the financial institutions and government authorities would NEVER send you an email or call you to ask for personal information and financial details. When you receive these requests, just DELETE the email or HANG UP the phone immediately. 2) CURIOSITY KILLED THE CAT. Only open emails, links, and attachments from trustworthy sources. 3) CONFIRM the callers information with your accountant or the CRA. If you receive a call from anyone claiming to be a CRA officer, first ask the officers full name, badge number, and his direct line. Dont quickly disclose your personal information. Hang up the phone, then call the CRA toll-free number to verify the information. Stay safe, stay healthy, stay alert and protect yourself from fraud. At Axcel Zone, we are committed to providing you with a quality and superior accounting & tax consulting services. #AxcelZone #stayvigilant #saynotoscams

Global business leaders are preparing for a draw-out U-shaped recession due to the impact of coronavirus and many are concerned their companies going-concern issues... #convid19pandemic #businesssurvival #preparedness #UShapedeconomyrecovery

The outbreak of Coronavirus (COVID-19) have big impact on global economy and instill fear amongst the majority. The best practice is to KEEP CALM and fulfill your social responsibility dutifully ... WE CAN DO THIS TOGETHER... - HAND WASHING - SOCIAL DISTANCING - COMMUNITY THINKING Change 'I", "MY, and "THEM" to a new perspective of 'WE', 'OUR", AND "US"

The 2019 T1 personal tax filing season has officially begun! Its time to claim your tax refund. Take a Quick Glance at each benefits payment dates. Be sure to file your 2019 tax return in a timely fashion to avoid payment disruption when receiving your entitled benefits. At Axcel Zone, we are committed to guarantee you a quality service that will add value to your money.... Call now on 403-909-8376 to schedule an appointment. #AxcelZone #taxtime #benefitspaymentdates

Typically, you have until the 60th day of the year to contribute to your RRSP. Because that falls on a weekend this year, the deadline is actually the next business day , that is Mar 2,2020. #AxcelZone #RRSP #taxdeferral

Save time and money by avoiding these six things at tax time! #axcelzone #taxtips

It is time to get your personal tax returns completed! Lets get your tax refund into your pocket sooner rather than later. We offer flexibility in getting your tax returns done:-... 1) Drop them off at our office; or 2) Wait while they are completed; or 3) Email us all your documentations for tax return filing #AxcelZone #TaxTime

Diversity vs Inclusion Diversity is about differences. Inclusion is about embracing those differences

Did you know QuickBooks Online is now used by 700K accounting pros around the world? If you are a business owner who is looking to take your business to a new level, Axcel Zone will be delighted to team up with you to achieve your goal. As a certified expert in Advanced QuickBooks Online, we can implement the latest technology and customize your business needs using cloud-accounting QuickBooks Online and associated third-party apps.... This implementation would improve your business processes, provide you with better information, and save you time. With the availability of improved and time sensitive financial data, you can make business decisions efficiently and effectively. If you find financial statements a mystery, let us make your world of numbers an easy platform by taking away the tedious tasks of bookkeeping, payroll, GST and income tax, plus all other related accounting matters. Our help will enable you to focus on other areas of your business. At Axcel Zone, we have a passion for serving small to mid-sized businesses and would love to work with you! #AxcelZone #QuickBooksOnline #improvedntimesensitivefinancialdata

We usher in the Lunar New Year of the Rat, we wish you, your friends and your family a very happy new year May the days ahead are filled with immense joy and prosperity. GONG XI FAI CAI

These are some of our client reviews. Axcel Zone Accounting & Tax Consulting is blessed to have the opportunity to work with amazing clients. We value all reviews and earnestly evaluate then in order to continue giving you the level of professional service that you require. At Axcel Zone, we always have a passion for serving small to mid-sized businesses and would love to work with you! Call us today to schedule an appointment.... #AxcelZone #clientreview #accounting #tax #compliance

As we enter 2020, we are enveloped with the thought of many new possibilities. But we also have to be mindful of possible frauds. There is an interesting anomaly that has just been highlighted: when writing the date in 2020, please write the year in its entirety. It could possibly protect you and prevent legal issues on paperwork. For example: If you just write 1/1/20, one could easily be changed to 1/1/2017 and now your signature will be on an invalid &/or inaccurate documen...t. This is just a friendly reminder as we prepare to enter a new decade.

Creativity is characterized by the ability to perceive the world in new ways, to find hidden patterns, to make connections between seemingly unrelated phenomena, and to generate solutions. Creativity involves two processes: thinking, then producing. #creativity #thinkoutsidethebox

Year 2019 will soon be part of history. It has been a busy and fulfilling year at Axcel Zone. Heres wishing our clients lots of love and joy with your nearest and dearest during this festive season. Happy holidays!!... #AxcelZone #merrychristmas #HNY2020

We are lucky to live in a century of great technological advancement. Much respect and recognition to all inventors. Many perceive accounting and tax jobs as dry and boring. Every day, there are many new improvements to accounting, tax systems and work processes enabling accounting & tax professionals to serve their clients with added value. A big shout to small and mid-sized business owners:-... If you are looking to improve your business processes, provide you with better information, and save you hours of time, we can help you implement the latest technology such as QuickBooks Online, Sage Online, and a host of associated third-party apps. At Axcel Zone, we always have a passion for serving small and mid-sized businesses and would love to work with you! #AxcelZone #technology #innovation #QBO #sageonline

What to know if you have a debt with the CRA? If you cannot pay the full amount you owe now, take action by contacting the Canada Revenue Agency (CRA) right away. Ignoring your debt does not make it go away. Waiting may make any financial or legal consequences more serious. In some cases, CRA might freeze your personal and or business bank accounts. Individual taxpayer... You may qualify for a payment arrangement or ask for taxpayer relief. i) Payment Arrangement CRA would assess your financial fitness prior to approving payment arrangement. It allows you to make smaller payments over time until you have paid your entire debt including applicable interest. You shall not miss a payment or have any unfiled tax returns, otherwise CRA may cancel the payment arrangement and take action to recover your debt. ii) Taxpayer relief provision In some circumstances, you may be able to ask for relief from penalties and interest charges and reduce the overall amount you or your business owes. Business Taxpayer If your business has a tax debt, it may include corporate income tax debt and Deemed trust amounts. The Deemed trust amounts include payroll source deductions, the GST/HST amount that you collect on sales, and related taxes collected on behalf of CRA. Deemed trust amounts must be paid in full when owed. In extraordinary situations where your business cannot pay in full, you may qualify for a payment arrangement or taxpayer relief. i) Payment Arrangement Like an individual taxpayer, you may need to show that you have tried to pay your debt in full by borrowing money or reducing expenses. As a business, you may also have to fully disclose your financial records. Once you have made a payment arrangement your business must also: maintain a regular payment plan always file all returns on time stay up to date with tax obligations If you fail to do any of these things, CRA may cancel the payment arrangement and take action to recover the debt. ii) Taxpayer relief provision In some circumstances, you may be able to ask for relief from penalties and interest charges and reduce the overall amount you or your business owes. Your heavy load can be lessened with our representation on your behalf in dealing with the CRA on all personal & business tax matters including CRA audits and reviews. At Axcel Zone, we always have a passion for serving small and mid-sized businesses and would love to work with you! #axcelzone #crarepresentation #taxplanning #taxstrategy

What accounting system do you use in your business? If you are looking to improve your business processes, provide you with better information, and save you hours of time, we can help you implement the latest technology such as QuickBooks Online and associated third-party apps. At Axcel Zone, we always have a passion for serving small and mid-sized businesses and would love to work with you!... Call us today to schedule an appointment. #axcelzone #QBO #businessprocesses #efficiency

Start with a daily morning routine to be more productive and always starts with a prayer to our Almighty God. How do you organize your day? #productive #prayer #morningroutine

A good accountant can pay for themselves in their ability to help protect your firm from fraud, loss, fines, and compliance issues. Your return on investment ca...n be a big one in hiring a good and skilled accountant. At Axcel Zone, we deliver an excellent and committed accounting and tax services. Contact us if we can be of service to you!! #skilledaccountant #ROI #AxcelZone

To all small and medium business ("SMB") owner out there:- If you find financial statements a mystery, let us make your world of numbers easier to understand by relieving of the tedious tasks of bookkeeping, payroll, GST and income, plus all other related accounting matters. This will free up your time and let you focus on the other areas of your business. At Axcel Zone, we always have a passion for serving small and mid-sized businesses and would love to work with you!... #axcelzone #accountingservices #consulting #SMB

#corporatetaxes #taxplanning

The 183-day rule When you calculate the number of days you stayed in Canada during the tax year, include each day or part of a day that you stayed in Canada. These include: - the days you attended a Canadian university or college... - the days you worked in Canada - the days you spent on vacation in Canada, including on weekend trips Your tax obligations If you are a deemed resident of Canada for the tax year, you: - must report world income (income from all sources, both inside and outside Canada) for the entire tax year - can claim all deductions and non-refundable tax credits that apply to you - are subject to federal tax and instead of paying provincial or territorial tax, you'll pay a federal surtax - can claim all federal tax credits, but you cannot claim provincial or territorial tax credits - are eligible to apply for the goods and services tax/harmonized sales tax (GST/HST) credit

#Canada #corporatetaxes #METR #competitiveissue #G7 #OECD