Community of Public Accountants
Declaration Period – February 10 to April 30 Following the direction of the Council, the Vacant Unit Tax (VUT) declaration period for the City of Hamilton will officially open on February 10, 2025, and will remain open until April 30, 2025. During this time, property owners are required to submit their declarations regarding the occupancy…
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The Sage50CA_2025.1_Update.exe file is a workaround file that can be used to fix issues logging into Sage 50. Steps to install the workaround file: If you are still unable to open Sage 50, you can contact Sage Support at 1-888-522-2722.
Here’s a clear summary of the updates and their potential impacts: 1. Capital Gains 2. Canada Child Benefit (CCB) 3. Canada Pension Plan (CPP) & Québec Pension Plan (QPP) Enhancement 4. Volunteer Firefighters & Search and Rescue Volunteers 5. Disability Support Deduction 6. Home Buyers’ Plan (HBP) 7. Short-Term Rentals These changes may affect your…
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We have report a news before regarding the former bookkeeper accused of check fraud and theft in $2 Million Case A 50-year-old who managed the finances for a business in Sault Ste. Marie has been charged with embezzling $559,701.63 from the business in just more than four years. The suspected turned themselves in Dec. 10,…
Read More “Sault bookkeeper charged with stealing $559K from employer” »
I have no idea which genius came up with this idea. After downloading the latest update for the Sage 50 desktop version, when you choose to close the software, the following warning pops up. You can’t even choose “Skip”—the only option is to click “Install Now,” leaving you no choice at all. The only way…
Read More “Sage 50 Desktop Update Forces Installation Prompt: How to Bypass and Delete Files” »
In late November of 2024, the Federal government announced a temporary exemption period from December 14, 2024, to February 15, 2025, for specific items that typically incur GST or HST. Regrettably, this decision was made without thorough consideration prior to the announcement or the introduction of legislation. The projected savings for taxpayers are minimal, while…
The recent price increase is a clear indicator of Intuit’s continuous efforts to boost revenue from its widely-used accounting software, QuickBooks Online. The company has attributed this rise to various factors, including inflation and the addition of new features and improvements to the software. In today’s fiercely competitive market, businesses are consistently looking for ways…
The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include: This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially…
Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…
What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…