So you’ve been named as executor of an estate. What about the taxes?
My website is back
by
Please accept that it will take some time to regenerate the website, but your patience is appreciated.
Now available full time
by
I want to let my clients know that I am now available full time as a tax professional, as opposed to only certain times during the day.
I am now self-employed as a tax and bookkeeping professional available for hire.
Please feel free to contact me for assistance with your tax and bookkeeping needs.
Deducting Legal Fees
by
It is permitted to deduct legal fees under the Income Tax Act, but only in specific cases and you must ensure that you hold the correct documentation.
If you are using the services of an electronic filer (efiler), you must present the documentation to them prior to the tax return being filed. If you are filing your own return, either paper or electronic, you are required to retain the documentation for six years past the date of the last Notice of (Re)Assessment for that return.
Should you do your own bookkeeping
by
(This article is a reprint of an earlier article that is no longer available on the internet. I am reprinting it here.)
Bookkeeping is a job that most business owners can handle themselves. Unfortunately, most business owners would love to forget about bookkeeping.
Should you spend your time focusing on core business activities or organizing and tracking receipts? Many business owners underestimate the amount of time it takes to track a company’s fiscal details especially in small business settings. Owners can get wrapped up in attending to every aspect of day to day operation of their business that there is simply no time left for bookkeeping. The success of any business depends on keeping track of your income and expenses, thereby improving your chances of making a profit.
