Articles

Originally published May 28, 2014. If you received a tax instalment letter from CRA? Give us a call! 1.800.265.1002 CRA requires taxpayers to make quarterly tax instalments when there’s a large amount owing in previous years. If your net tax owing for 2013 or 2014 was greater than $3,000 you likely received a letter from … Read more

Whether you have kids or not, September always brings thoughts of school, changing seasons and new beginnings. So, taxes may be the last thing on your mind. That’s why FBC is here; to always be working to make your life less taxing and put more money in your pocket. The Fall is a perfect time … Read more

For many small business owners, few tasks are as daunting as handling their own bookkeeping. That doesn’t have to be the case, though, in more ways than one: there’s affordable, top-shelf bookkeeping support available to farmers and small businesses across Canada, and the firms offering it can help to make paying your taxes just another … Read more

Despite the precipitous decline in oil prices, or maybe because of it, farmers and land owners are increasingly being approached by oil companies for access to their properties for exploration of oil and natural gas resources. Although Alberta and Saskatchewan farmers have had longtime experience with this issue, Manitoba farmers are seeing a significant increase … Read more

What do you have to do when you’ve been audited – and what rights do you retain throughout the process? That’s the question we’ll be helping to answer today. Once you receive a notice that indicates that you’ll be audited, you need to prepare the documents requested by the CRA auditor. One of the easiest … Read more

The prospect of being selected for an audit by the CRA is likely a scary one for many business owners. But it doesn’t have to be – not if you know how the process works, and not if you have a tax company on your side with experience in audit representation. Listed below are some … Read more

Tax Season may have come and gone, but it doesn’t mean you can forget about taxes until next year. Depending on your business and whether or not CRA requires you to make quarterly instalments, there may be other tax dates that you need to remember. As a farmer you don’t want to miss the application … Read more

Do you keep your business plan close at hand and refer to it often to remain focused on your goals? Do you have tax strategies to optimize between business and personal funds, and ensure your funds maintain tax-free status. Holding company? Estate plan? Managing risk? Shareholders, Employees, Directors? Lots of decisions to make!   We … Read more

For many small business owners, tax planning means the once-a-year mad scramble to organize all the necessary paperwork right before the tax filing deadline. Real tax planning requires a holistic approach to your finances and should be tackled all-year-round. Through implementing a year-round approach to your tax planning, you’ll be able to hold on to … Read more

Building your business and serving your customers is hard. It’s easy to rush and mistakenly complicate your tax situation. As a small business owner, you don’t have time to be a tax expert, too. There are 7 common mistakes that small business owners make with taxes. Avoiding these 7 mistakes will help you prepare an … Read more