ReplyDoing some work over the Holiday season can reap rewards for 2012While most of us prefer to eat, drink and be Merry this time of year, it may be helpful to do a little tax planning to ensure 2012 emerges positively from a personal tax perspective. Here are a few ideas that can help:Make Charitable donationsTo be claimed on your 2011 tax return, all charitable donations must be made by December 31. The first $200 in donations receives a 21% combined federal and Ontario tax credit. Donations over $200 receive a 40% credit. If you have a spouse, donations can be pooled to maximize this credit.Make Political contributionsPolitical contributions also have to be made by December 31 to be claimed on your 2011 tax return.
At Tax Partners, we work closely with our clients to understand their specific needs and adjust our strategies accordingly. Our partners and accountants take a proactive, hands-on approach for you. We know that many clients' business and personal taxes are intertwined and our accountants offer the integration of both services to help further drive efficiencies.
Maintaining accurate financial data is often a challenge for small business owners. If you need assistance managing your accounting, bookkeeping, and taxes, turn to Moaaz M. Sheikh, CPA, CA, a Newmarket, Ontario CPA firm. As your financial advisor, we expand our focus beyond your everyday needs to deliver short-term and long-term accounting solutions that save time and preserve resources. Our smart, analytical insights will make sense of your finances, lower your tax exposure, and increase profits so your business can grow. We’ll provide a steady supply of reliable financial advice and direction along with a number of essential accounting services including bookkeeping, cash flow analysis, and tax planning.
Great service with personalized consideration. Beautiful office and prices are very reasonable. The team is expert in time management. I would recommend the Accountant for businesses and personal accounting. Accountant is exceptionally knowledgeable. Read more
Chartered Professional Accountants serving the East Gwillimbury, Newmarket and Kawartha Lake communities for over 25 years.
Providing you with accounting, tax, audit and business advisory services to help you meet and/or exceed your financial goals. We tailor our service to your individualised needs.
We provide QuickBooks support to our clients, including: set up of a new company, individualised training and on-going problem solving.
Contact us for a free initial consultation.
Baker Tilly KDN (BT KDN) is a full-service accounting firm providing assurance, tax and related business advisory services to a broad range of clientele from our offices in Peterborough, Lindsay, Courtice and Cobourg. With more than 130 employees, we are leaders in non-profit and public sector engagements, and one of the largest locally owned and operated regional accounting firms in Central Ontario. BT KDN has long-standing ties to the communities we live and work in and take pride in supporting local organizations.
By working with BT KDN, you’ll receive the power and expertise of a globally connected network, while also benefitting from personalized service of a local firm from within your community.