By Nizam Shajani, CA, MBA November 23, 2020 Making a loss on your investments can decrease your tax obligations – however an unclear understanding of losses that are not allowable under the tax act could render you with a loss…
By Nizam Shajani, CPA, CA, MBA November 16, 2020 Trustees should be selected carefully as the trust deed may give them significant administrative powers to manage the trust property. This includes the power to: o Sell trust property; o Postpone…
By Nizam Shajani, CPA, CA, MBA November 2, 2020 A partnership is a relationship between two or more persons. From a tax perspective, this includes a business that is carried on with a view to profit. However, a partnership is…
Tax Installments By Eeva Harrop, CPA, CA, TEP, MSc. September 29, 2020 With Covid-19, individual tax returns are now due September 30, 2020. This includes both filing the tax return, paying any tax due and paying any instalments that…
Related and Associated Corporations By Eeva Harrop, CPA, CA, TEP, MSc. September 28, 2020 Assessing whether or not corporations are related and associated is important as this can result in various tax consequences to consider such as how to…
What Banks are Looking for in Your Financial Statements By Fahad Suleman, CPA September 21, 2020 A bank usually requires a set of financial statements to calculate the amount of credit that can be provided to a business or…
Integrated Tax Planning By Nizam Shajani, CPA, CA, MBA September 18, 2020 The perception of tax planning has often been misconceived as a simple choice between dividends and salary from an owner managed business. The decision should consider a…
Calculating Financial Ratios in Your Financial Statements By Fahad Suleman, CPA September 14, 2020 Financial ratios are used to make comparisons between different financial aspects of a business’s performance. These ratios can be compared with the industry standard to…
A Good Looking Set of Financial Statements: By Fahad Suleman, CPA September 7, 2020 A good looking set of financial statements of a business are a set of financial documents that provide a snapshot of a business’s financial position and…
National Payroll Week by Fahad Suleman, CPA and Nizam Shajani, CPA, CA, MBA National Payroll Week (“NPW”) is a national awareness campaign which celebrates the valuable contributions of payroll employees and elevates the payroll profession. This week is held annually…