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Allowable Write-offs

Allowable Write-offs

In the big scheme of things, all companies need to concentrate on the bottom line.  This applies to proprietorships, partnerships and corporations.  By “bottom line” we are referring to the net profit or loss on the Earnings Statement or Profit & Loss Statement. ...
‘tis the Season – Tax Time in Canada

‘tis the Season – Tax Time in Canada

Welcome to March!  As we start to realize the end of the winter season, we need to turn our attention to the next “season”.  The one I’m referring to in this case is tax season.  In this context, I’m talking about personal taxes of course.  Businesses may adopt a...
Full cycle bookeeping

Full cycle bookeeping

Ask many people what they think bookkeepers do and, as often as not, the reply will be to enter the business numbers into the books, write a bunch of cheques and make bank deposits. Even many business owners and managers think this way.  They’re not wrong but there is...
RRSPs and Tax Season

RRSPs and Tax Season

Welcome to 2017 and the start of a whole new year.  Hopefully 2016 met with all your expectations.  At Fiscal Performance we are gearing up for the year to come and the season that is now upon us.  One major item of business for us is to expedite T4s to all of the...
Season’s Greetings

Season’s Greetings

With the holiday season fast approaching it’s time to dial it down a notch and take a moment to reflect on the year that’s quickly coming to a close. Fiscal Performance has had an amazing year in terms of business growth and development.  We have welcomed new staff on...
Shareholder Agreements

Shareholder Agreements

Back in September I talked about the different types of companies that are commonly encountered in business.  These included proprietorships, partnerships and corporations.  The proprietorship is owned and often run by one individual while the other two generally...