Halloween is a night for spooky things. Some adults would say, it’s a bit like the tax filing deadline. There are few things that can terrify even the bravest of us as much. When a new client comes to your door, keep this in mind. You have the potential to turn terror into, well fun. It’s true! Think about it. . .
The deadline for filing Registered Charity Information returns was extended to December 31, 2020 for returns due between March 18, 2020 and December 31, 2020. However, the CRA’s Charities Directorate is also encouraging charities to file as soon as possible to avoid expected processing delays as a result of the high volume of returns that will be submitted around the deadline.
DAC Acuity 2020 set a high standard for virtual conferences - a perfect blend of information, education, inspiration and recreation; this according to delegate Thomas B. Russell B.Sc., MBA, CFP, CLU, CH.F.C. who joined advisors from coast to coast, virtually, to take in the bold thinking and bright insights of incredible speakers over three days of learning and unique online networking opportunities.
Statistics show that 70.2% of all revenues earned by professionals in the accounting, tax filing, bookkeeping and payroll services results from working with the business sector. This means if you have built a tax filing business serving individuals and households only, you’re missing out on a big share of the market. Small business needs more help on the road to pandemic recovery, so now is a great time to hone your skills, and earn new credentials to provide this essential service.
Knowledge Bureau is now accepting session proposals from sponsors interested in presenting to a national audience of highly engaged top advisors at the October 17 – 19, DAC 2021 in Niagara Falls. This is your best opportunity to get in front of a national network of thought leaders from the tax, financial services and bookkeeping industries who are highly engaged in growing their practices to meet the challenges of the times.
Knowledge Bureau’s Income Tax Estimator, a sophisticated software tool used in teaching our certificate personal tax filing and planning courses, incorporates the most recent changes to tax brackets and known provisions including the calculation of the Canada Recovery Benefits. We have now calculated the 2021 tax brackets based on CPI figures released last week to enable students and Knowledge Bureau Calculator subscribers to prepare projections for 2021 taxes payable as part of year-end tax planning activities.
Today, even the smallest business requires timely and reliable information, if it is to succeed and thrive despite the pandemic and the constant threat of future CRA auditing. A new course from Knowledge Bureau, Budgeting & Forecasting for Small Business is designed to teach you how to use the information within bookkeeping systems to assist business owners to make sound business decisions throughout the year: an essential service during these times.