BLOG

The Basics of Financial Statement Preparation: A Step-by-Step Guide

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts "

accounting services Surrey langley white Rock BC

In the dynamic world of finance, understanding the basics of financial statement preparation is paramount. Whether you're a seasoned business owner or just starting, financial statements play a pivotal role in gauging the health and performance of your enterprise. In this comprehensive guide, we will delve into the intricacies of financial statement preparation, providing you with a step-by-step understanding of this critical process.


CLICK HERE TO READ THE FULL ARTICLE  »


Strategic Estate Tax Planning: Minimizing Tax Liability for Your Heirs

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts "

accounting services Surrey langley white Rock BC

In the complex realm of financial planning, few aspects demand more attention and careful consideration than estate tax planning. As we navigate the intricate landscape of wealth management, ensuring a smooth transition of assets to the next generation becomes paramount. At Saklas & Co., CPAs, based in Surrey, BC, we recognize the significance of Strategic Estate Tax Planning in safeguarding your legacy. In this comprehensive blog, we delve into the nuances of estate tax planning, offering insights and strategies to minimize tax liability for your heirs.


CLICK HERE TO READ THE FULL ARTICLE  »


Smooth Transitions: Key Steps in Business Succession Planning

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts "

accounting services Surrey langley white Rock BC

Succession planning is not just a buzzword in today's dynamic business landscape; it's a strategic necessity. As businesses evolve, so do the challenges associated with leadership transitions. At Saklas & Co., CPAs a leading Chartered Professional Accounting Firm in Surrey, BC, we understand the pivotal role of seamless business succession planning in ensuring continuity and growth. This comprehensive guide will delve into the key steps of effective business succession planning, shedding light on the critical aspects that every business owner should consider.


CLICK HERE TO READ THE FULL ARTICLE  »


Solving Common Problems That Most Small Businesses Face

By  Saklas & Co., CPAs |   | Posted in " Business Succession, Estates & Trusts, Family Succession "

accounting services Surrey langley white Rock BC

Common problems faced by most small businesses today include poor planning, a failure to understand customer behavior, inventory mismanagement, a lack of sales, etc. The most common reasons small businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.


CLICK HERE TO READ THE FULL ARTICLE  »


Season’s Greetings From Saklas & Co., CPAs

By  Saklas & Co., CPAs |   | Posted in " Estates & Trusts, Family Succession, Risk Management "

accounting services Surrey langley white Rock BC

Season’s Greetings from Saklas & Co., CPAs. We wish you and your family a wonderful holiday season and a happy, healthy, and prosperous New Year 2022!


CLICK HERE TO READ THE FULL ARTICLE  »


Tips To Get The Most Out Of Your Tax Return

By  Saklas & Co., CPAs |   | Posted in " Business Succession, International Tax, Risk Management "

accounting services Surrey langley white Rock BC

Filing prompt tax returns is the duty of every citizen in the country to stay on the right side of the Canada Revenue Agency (CRA). It can also help to gain refunds if too much tax is deducted from an employees’ salary. However, many employees are unaware of the benefits they can take advantage of when filing returns, which usually ends up with them paying unnecessary tax.


CLICK HERE TO READ THE FULL ARTICLE  »


TFSA Users: You Could Pay 15% Tax on Dividends With 1 Costly Mistake

By  External Author |   | Posted in " International Tax "

Original Article Source Credits:   The Motley Fool , https://www.fool.ca/

Article Written By:  Christopher Liew, CFA 

Original Article Posted on:  June 12, 2021

Link to Original Article:  https://www.fool.ca/2021/06/12/tfsa-users-you-could-pay-15-tax-on-dividends-with-1-costly-mistake/


CLICK HERE TO READ THE FULL ARTICLE  »


Tax-Saving Tips For Canadian Taxpayers

By  External Author |   | Posted in " Business Succession, International Tax "

Original Article Source Credits:  Investopedia , https://www.investopedia.com/

Article Written By:  Andrew Beattie 

Original Article Posted on:   May 6, 2021

Link to Original Article:  https://www.investopedia.com/articles/pf/07/canadian_tax.asp


CLICK HERE TO READ THE FULL ARTICLE  »


The CRA gives a chilling assessment on accidental TFSA overcontributions

By  External Author |   | Posted in " Business Succession, International Tax "

Original Article Source Credits:   Financial Post , https://financialpost.com/

Article Written By:  Jamie Golombek

Original Article Posted on:  Jun 17, 2021  

Link to Original Article:  https://financialpost.com/personal-finance/taxes/the-cra-gives-a-chilling-assessment-on-accidental-tfsa-overcontributions


CLICK HERE TO READ THE FULL ARTICLE  »


Sources of retirement income

By  External Author |   | Posted in " Business Succession, International Tax "

Original Article Source Credits:   Government Of Canada , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:  

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/retirement-planning/sources-retirement-income.html


CLICK HERE TO READ THE FULL ARTICLE  »