Choosing a QuickBooks Online Accountant in Canada

A small but growing business needs to outsource their financial management to operate more efficiently. Your aim is to find an accountant with the traits that fit your interest, so you could work together and strengthen your small business. Accountants that work closely with technology and software such as through cloud computing are now in demand. Furthermore, countless accountants are using a free platform called Quickbooks Online Accountant, which means…

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Here’s What You Need to Know About Income Tax Investment Proof Submission

Salaried employees get their TDS (Tax Deducted at Source) deducted from their income every year and it is the most dreadful feeling especially when they do not know whether the deducted TDS was of the correct amount or not. It is a requirement for all of the employers to deduct TDS every year from the salaries of their employees. An employer may deduct either more TDS or less than that…

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Outlining the Key Differences between Wills and Trusts

Outlining the key differences between Wills and Trusts, two documents which are often misinterpreted as the same because they are both used for outlining a person’s wishes regarding the distribution of his or her estate after death. The primary difference between the two is that a Will is not enacted until the person’s death, whereas a Trust takes effect from the moment that it is signed. There are other significant…

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Advantages of 2018 Tax Return Online

What is Tax? Tax is the money that the government takes from the people in order to maintain the infrastructure of the country and for the welfare of the people. In order to do so, several types of taxes are taken from the people. The ones that we pay on a regular basis are the goods and services tax. Basically, when we buy anything from anywhere including goods like food,…

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A Comprehensive Look at Estate and Gift Tax Laws

Image Source: burst.shopify Estate Taxes and Gift Taxes.  What’s the difference between the two? In simplest terms, the Estate Tax is levied on money or property received from a person who has died. The Gift Tax is levied on money or property that is received from a living person. Both have available exemptions, and the eligible minimum estate/gift values increase every year to compensate for annual inflation. What Are the Estate…

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