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Tax tips and traps article – Enns & Company Chartered Professional Accountants has published a new article entitled Tax Tips and Traps: the article provides some new points to consider, which sheds light on the most important aspects regarding the impacts of changes to Canadian tax laws for corporate and personal clients. Residents in the Burnaby / Vancouver BC area concerned about tax effects on their wealth and other interested individuals can access the full article at http://ennsco.com/contact
The article includes several interesting pieces of information, one in particular is that residents ought to consider doing renovations in stags over a number of years . This should be of particular interest to personal clients because many people miss out on the 15% tax credit on up to $10,000 of eligible expenses.
One of the most important piece of information the article tries to convey and communicate is to rely mainly on promoters of investments, their agents or co-workers is not prudent. The best example of this is perhaps found in the following extract:
‘Review tax returns and tax related activities to ensure due diligence. Ask an expert if there are areas of question. Retain invoices and receipts related to all expenses incurred to hire a child care worker as they may be eligible amounts. And Keep well-organized records. In many situations, expenses may be denied if a proper trail cannot be demonstrated. This is especially true if operating in an industry of high interest to CRA.’
In discussing the article’s creation, Bob Enns, Chartered Accountant at Enns & Company Chartered Professional Accountnts said:
“This publication is a high-level summary of the most recent tax developments applicable to business owners, investors, and high net worth individuals. Enjoy!.”
Regular readers of Enns & Company Chartered Professional Accountants Newsletters will notice the article takes a familiar tone, which has been described as ‘professional and relevant’.
Enns & Company Chartered Professional Accountnts now welcomes comments and questions from readers, in relation to the article, as they are intent on protecting and improve their clients business and financial affairs.. The reason is simply because Enns wants their clients to receive practical, insightful advice with their best interests at heart.
Anyone who has a specific question about a past, present, or future articles can contact Enns & Company Chartered Professional Accountants via their website at http://ennsco.com
The complete article can be accessed by contacting Enns & Company at: http://ennsco.com/contact.
Release ID: 252677