Accounting, Tax & Bookkeeping Tips | Robey CPA Chartered Professional Accountants

4 Reasons to Hire a Professional Bookkeeper

There are some very compelling reasons as to why it makes sense to hire a professional to handle the bookkeeping…

What Can I Deduct as a Business Expense?

Many small business owners are unsure of what they can deduct as a legitimate business expense…

6 Bookkeeping Tips for Small Business

Doing bookkeeping tasks can either seem like a chore, or perhaps, are simply not top-of-mind for small business owners, so here are some tips…

Tax Risks for Incorporated IT Consultants

In recent years, the CRA has been looking more closely into corporations that IT consultants own, to determine if the company should be deemed a Personal Services Business…

5 Tax Deductions for Real Estate Agents

The first and most important thing to note, before getting into some of the items that realtors can deduct for tax purposes…

The Difference Between Audit, Review and Compilation?

Does your company have stakeholders, or potential investors or creditors, that have requested financial statements that meet specific requirements? If that is the case, then you should know the difference between the various services, and types of engagements that a Chartered Professional Accountant (CPA) can provide…

Tax on Dividends From U.S. Stocks

As diversified investors, it is very likely that you may have investments in U.S. stocks that pay dividends; there are tax considerations that you should know about if that is the case…

How Do Corporate Tax Instalments Work?

You may be wondering why you are required to make tax instalments, or if you aren’t required to make them, what would trigger the need to?…

What Happens If I’m Late Filing My Tax Return?

If your return is late and you have a balance owing, you will be subject to both interest and late-filing penalties. Interest is charged on the outstanding balance starting the day after the due date of the taxes payable, and is compounded daily. It can get expensive…

5 Reasons to Switch to Cloud Accounting

Cloud based accounting systems are rapidly gaining popularity within small and medium sized business. There are significant benefits to be had from moving your accounting to the cloud, especially with the number of options that have become available in recent years…