{"id":585,"date":"2016-09-14T01:37:53","date_gmt":"2016-09-14T01:37:53","guid":{"rendered":"http:\/\/www.larosacga.ca\/?p=585"},"modified":"2016-09-14T01:38:02","modified_gmt":"2016-09-14T01:38:02","slug":"september-2016","status":"publish","type":"post","link":"https:\/\/www.larosacpa.ca\/?p=585","title":{"rendered":"September 2016"},"content":{"rendered":"

Monthly Newsletter \u2013 September 2016 Issue<\/span><\/p>\n

A few items to take note of:<\/b><\/p>\n

Next Personal Tax Installment
\n<\/b>Next tax installment is due on Sept 15<\/span>th<\/span>.<\/span> If you receive CRA forms to pay installments for 2016 make sure you pay them on time to avoid penalty and interest.\u00a0<\/span>Check with your accountant if not sure. Next payment due Dec. 15<\/span>th<\/span>.<\/span><\/p>\n

Chartered Professional Accountants
\n<\/b>We can assist with start-up, advice, finance, software installation and training, tax planning, estate planning as well as bookkeeping, accounting and taxation work. <\/span><\/p>\n

New Business
\n<\/b>Many individuals like to start their own business. \u00a0Many will get started and avoid getting the proper advice until CRA comes calling. Talk to an accountant to get started on the right track and avoid surprises or errors that can end up costing more.<\/span><\/p>\n

Books and Records<\/b><\/p>\n

As we move into September, many self-employed people do not have proper books and records started for 2016. Now is a good time to catch up and be ready for tax season. Talk to an accountant to get started. <\/span><\/p>\n

Books and Records
\n<\/b>Above is also true for corporate businesses. You need a proper set of books to know how you are doing and to keep up with CRA reporting requirements. Keep your books up to date on a regular basis.<\/span><\/p>\n

Some CRA Filings
\n<\/b>Payroll remittances are due on 15<\/span>th<\/span> of the month for most small businesses.
\n<\/span>HST filings are annual, quarterly, or monthly. Check remittance forms for due dates.
\n<\/span>HST installments may be required for annual filers.
\n<\/span>Corporate tax returns are due 6 months after year end. However any taxes owing are due 3 months after year end for most small businesses.
\n<\/span>Corporate tax installments may be required for some.
\n<\/span>Check with CRA or your accountant for your filing requirements<\/span><\/p>\n

Car Mileage Log
\n<\/b>A constant reminder because many people still not aware . CRA requires you to keep a car mileage log to claim car expenses. Keep track of distance traveled, destination, business reason, etc. to support business mileage. Check your diary and other documentation you may have, plus google maps, to catch up on your 2016 log.<\/span><\/p>\n

Richmond Hill Chamber of Commerce – Annual Golf Tournament<\/b><\/p>\n

Monday September 12<\/span>th , <\/span>\u00a0at The Summit. Visit chamber web site for details. <\/span><\/p>\n

I hope you find this general information helpful. Please consult with your accountant or myself if you have any questions.<\/span><\/p>\n

This material is provided for general information and is subject to change without notice. Please consult with your professional advisor before you act on any of the above information to ensure it\u2019s right for you.<\/span><\/i><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Monthly Newsletter \u2013 September 2016 Issue A few items to take note of: Next Personal Tax Installment Next tax installment is due on Sept 15th. If you receive CRA forms to pay installments for 2016 make sure you pay them on time to avoid penalty and interest.\u00a0Check with your accountant if not sure. Next payment […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-585","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=585"}],"version-history":[{"count":2,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/585\/revisions"}],"predecessor-version":[{"id":587,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=\/wp\/v2\/posts\/585\/revisions\/587"}],"wp:attachment":[{"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.larosacpa.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}