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Welcome to our business accounting blog page
At Naicker and Associates we are aware that our business requires immediate tax solutions combined with long-term corporate strategies. From sole proprietorships to large corporations, we provides businesses financial insight and expertise to maximize on growth and savings.

Our accounting services for businesses are not limited to tax returns. Other services we provide include financial statements,
tax advice and financial planning, and accounting for new companies.

1 08, 2021

How Can I Find Out When My Business Tax Year Ends?

By |2021-09-15T22:22:58+00:00August 1st, 2021|Business|0 Comments

All businesses, whether a self-employed sole proprietorship or a corporation, follow a 12-month fiscal period. This is done to manage tax fillings and for general bookkeeping purposes. However, when this 12-month period begins, and ends is less apparent to first-time business owners.

If you are in this position, this article will attempt to provide an answer […]

29 04, 2021

Business Taxes in 2021

By |2021-09-15T22:23:16+00:00April 29th, 2021|Business, resource, Tip of The Month|0 Comments

This year, 2021, will be an unpredictable year for the economy in Canada due to the ongoing pandemic, the limited vaccine supply, and the varying approaches to economic recovery on both provincial and federal levels. Here are some changes to Canadian Business Taxes you can expect in 2021.

Extensions and Deferrals

Currently no official extensions of Corporate […]

20 04, 2021

What Changes Should We Expect in 2021 for BC and Federal Taxes?

By |2021-09-15T22:23:28+00:00April 20th, 2021|Business, resource, Tip of The Month|0 Comments

Canada’s ‘COVID-19 Economic Response Plan’ has provided millions with financial relief throughout 2020. But it may be providing everyone with some extra work come tax time. With that in mind, what changes should we expect to see in 2021 for BC, and federal taxes?

COVID-19 Relief Measures Will Have a Big Impact on Your Taxes

If you […]

8 04, 2021

When Should I File my Corporate Income Taxes in BC?

By |2021-09-15T22:23:38+00:00April 8th, 2021|Business, resource, Tip of The Month|0 Comments

The end of the year is fast approaching and that means that tax season will be starting up shortly after the new year begins. With a new tax year on the horizon, when is the best time to file your corporate income tax?

Ordinarily corporate income tax is due no later than 6 months following the […]

29 10, 2020

What Is Involved in a Forensic Audit of a Charity?

By |2021-09-15T22:23:49+00:00October 29th, 2020|Business, Personal, resource|0 Comments

With charity-scandals so often grabbing the headlines as of late, many people are wondering what measures are used to keep charitable organizations from being misused or abused. Each year, the Canada Revenue Agency audits approximately one percent of registered charities. This may take the form of a field audit at the charity’s location, or an […]

30 09, 2020

What Financial Help Can I Get in BC Because of COVID-19?

By |2021-09-15T22:24:03+00:00September 30th, 2020|Business, Personal, resource|0 Comments

Canadian government both provincial and federal are putting in place several different types of financial help for citizens during the current COVID-19 pandemic. The financial help becoming available is changing and increasing rapidly. These are the benefits available as of March 31, 2020, that we are aware of.

Provincial (British Columbia):

1. BC Emergency Benefit

This is intended […]

23 02, 2020

What Do I Need To Prepare My GST?

By |2021-09-15T22:24:18+00:00February 23rd, 2020|Business, resource|0 Comments

Most businesses, sooner or later, will have to prepare a GST return for Revenue
Canada. It’s not terribly difficult, and we’ll go over the important parts with you.

Here are some of the most important parts about preparing to pay GST:

Keep good records

This is true for all accounting purposes, but it’s especially helpful for calculating
GST. You need […]

25 09, 2019

What Tax Credits Can I Claim in Canada?

By |2021-09-15T22:24:31+00:00September 25th, 2019|Business, resource|0 Comments

Tax credits are amounts that you can claim against your taxable income to reduce your taxable income.

In Canada, there are two types of tax credits: refundable and non-refundable. Refundable tax credits are tax credits that you can claim whether you have any taxable income or not. That means that the Canada Revenue Agency will refund […]

31 05, 2019

Tracking Your Expenses for a Business Trip: Which Receipts Should You Save?

By |2021-09-15T22:24:56+00:00May 31st, 2019|Business, Tip of The Month|0 Comments

Tracking Your Expenses for a Business Trip: Which Receipts Should You Save?

 

Whether you are on business trips every week, or are about to embark on your first trip ever, one of the most common question is which receipts to save when tracking your business expenses. When doing business taxes, there are many write-offs available to […]

13 03, 2019

Are You Ready for the Tax Season?

By |2021-09-15T22:25:20+00:00March 13th, 2019|Business, Personal, resource|0 Comments

Are You Ready for the Tax Season?

Many people wait until the last couple of weeks to scramble and get their tax information ready before it is due on April 30th.  Set yourself a goal to get ahead of the tax season. Staying ahead of the game and having everything organized can help you to be […]