by Doug Stansbury | Sep 21, 2017 | On Target - Blog
I often get asked by clients “why should I move my accounting to the cloud?” In most cases, these clients are quite happy restricting their bookkeeping activities to the office, and the last thing they want to hear is that they can send their customer an invoice...
by Doug Stansbury | Sep 14, 2017 | On Target - Blog
While the number of QuickBooks Desktop users still exceeds the number of QuickBooks Online users, when you look at the sales figures for new users, 80% are choosing Online. For those that are still unsure about making the switch, the number one concern that I hear in...
by Doug Stansbury | Sep 4, 2017 | On Target - Blog
Many years ago, the concept of “reasonable expectation of profit” was established and used as a tool by the Canada Revenue Agency (CRA) to target businesses that they felt were unreasonably claiming losses year after year. The idea was fairly simple – in order for...
by Doug Stansbury | Aug 8, 2017 | On Target - Blog
The consultation paper and draft legislation released by Finance Minister Bill Morneau last month is likely the biggest attack on perceived tax benefits available to incorporated small business owners in decades. Aside from the content of the proposals, one of my...
by Doug Stansbury | Jul 18, 2017 | On Target - Blog
Some recent Tax Court of Canada rulings serve as a reminder of the importance of maintaining adequate books and records when it comes to your business. These rulings may seem onerous and sometimes arbitrary, but they are a reminder that the onus is on the taxpayer to...
by Doug Stansbury | Jan 30, 2017 | On Target - Blog
One of the Canada Revenue Agency’s (CRA) best decisions a couple of years ago was to get rid of combined tax audits, in which they would examine a taxpayer’s compliance with Income Tax, Payroll Tax and HST all at the same time. These audits were a nightmare for...
