Canwest Accounting is seeing a heightened level of scrutiny by the Canada Revenue Agency (CRA) around tax credits and filings. This reinforces owner Sharlane Bailey’s advice to clients that keeping impeccable records is extremely important. Bailey receives a lot of questions from corporations around what can and cannot be expensed. A lot of these fall…
Part of setting up a new business or taking your company to the next level is ensuring that you have quick access to current information about your business expenses and revenue. The experts at Canwest Accounting help new business owners and those whose businesses are growing to get set up on Quickbooks Online; plus, they…
Recently, Canwest Accounting launched an affordable tax filing service for those who have just basic tax returns, students, seniors, and those living on social assistance. Affordable Tax Services is a no frills service where you can come into Canwest Accounting’s Langford or Victoria offices, sign some forms, wait while your tax return is completed, and…
The team at Canwest Accounting has recently seen letters from Canada Revenue Services (CRA) asking companies for copies of receipts for advertising expenses. Some companies claiming high advertising costs are being required to submit their invoices to CRA. Make sure you keep all of your business records and receipts for seven years. Other line items…
When a loved one passes away, many people find themselves unprepared for what comes next. At Canwest Accounting, we assist grieving families with tax filings that need to be done through the Canada Revenue Agency (CRA) and should be completed and paid before assets from the estate are distributed to the beneficiaries. “A lot of…
Earlier this month we entered a new decade with an accompanying set of ambitious resolutions, which for many business owners include achieving a better work-life balance while also taking your business to the next level. Those two goals may seem mutually exclusive, but Canwest Accounting owner Sharlane Bailey begs to differ. “For so many business…