Blog Articles

  • Mar 31, 2020
  • KB Accounting

Small Business Accounting Guide: How Your Business Can Benefit From Canada's COVID-19 Economic Response Plan

The Government of Canada announced last Friday that more measures have been added to the current COVID-19 Economic Response Plan which to date is committing $107 billion in financial support. The Canadian Government is hoping that this increase in. . .

  • Mar 27, 2020
  • KB Accounting

What You Need to Know About Tax Filing in Canada Right Now Due to COVID-19

The Government of Canada announced one week ago that tax-filing and payment-deadlines for individuals, businesses and charities have been adjusted and extended due to the emerging COVID-19 threat. In addition, the Canada Revenue Agency (CRA) has. . .

  • Mar 10, 2020
  • KB Accounting

KB Accounting Services Inc.’s Payroll Business Services: When to Complete TD1 Forms as an Employer

KB Accounting Services Inc. ’s Payroll Business Service will make sure your company’s payroll is meeting requirements set out by the Government of Canada by ensuring all necessary paperwork is filled out—including mandatory TD1 forms for all. . .

  • Feb 25, 2020
  • KB Accounting

Small Business Accounting 101: The Short and Sweet on Allowable Business Expenses in Canada

Self-employment is on the rise in Canada. In 2018, 2. 9 million Canadians were classified as self-employed. That number is continuing to grow across the country. KB Accounting Services Inc. recognizes the value of equipping self-employed individuals. . .

  • Feb 10, 2020
  • KB Accounting

Important Deadline Approaching for Small Businesses Filing Taxes in Canada

Important deadlines are nearing in regard to filing taxes in Canada as a small business owner. Many small businesses depend on subcontractors to ensure operations are running at full tilt. If you are a small business owner that has used a. . .

  • Jan 19, 2020
  • KB Accounting

How Smart Income Tax Preparation in Canada Can Save a Commissioned Employee Money at Tax Time

It is a smart practice to take control of your income tax preparation in Canada as a commissioned employee. Proper preparation can help commissioned employees save money by making informed decisions in regards to business-related expenses. . . .

  • Dec 12, 2019
  • KB Accounting

How a Small Business Accountant Can Provide Peace of Mind for Businesses During CRA's Audit Season

The Canada Revenue Agency (CRA) is focusing more and more on targeted auditing which can have serious repercussions on small business owners if the numbers on their filings at tax time are not adding up. As an experienced small business accountant,. . .

  • Nov 18, 2019
  • KB Accounting

KB Accounting Services Inc. Named Top Accounting Firm in Regina

ThreeBest Rated® (TBR®) is a platform set-out to honour and support local businesses that are making waves in their community. (TBR® Canada) was created with a simple goal to help its 3 million customers find the top three local best businesses. . .

  • Nov 05, 2019
  • KB Accounting

Everything You Need to Know About Motor Vehicles if You Are Self-Employed and Filing Taxes in Canada

Self-employment has the benefit of being able to leverage many day-to-day business expenses when filing taxes in Canada. One of these expenses being motor vehicle expenses. I have discovered that far too often at the time of inception of a new. . .

  • Oct 13, 2019
  • KB Accounting

Small Business Tax Planning — Should I Stay a Sole Proprietor or Incorporate?

Most small businesses start out as sole proprietors. When sole proprietors net income begins to near the $80K mark, I highly recommend businesses look at adjusting their current business structure and incorporating. It is important to understand the. . .

Principle Residence Exemption, Personal Income taxes
  • Feb 04, 2019
  • KB Accounting

Principle Residence Exemptions (PRE) Changes For Personal Income Tax & Rental Portion

In October of 2016, the Federal government introduced changes to the Principle Residence Exemption Tax Rules (PRE). These changes were targeted at individuals who flip houses and avoided paying personal tax by declaring it as a primary residence. . . .

GST, bookkeeping, audit
  • Jan 21, 2019
  • KB Accounting

Goods and Service Tax (GST) & Bookkeeping

This Federal tax was first introduced in Canada in 1991. It is a sales tax that is charged on sales between individuals, businesses and organizations. It was the first tax of its type introduced at the federal level. The purchaser or consumer must. . .

Provincial Sales Tax, Saskatchewan Provincial Sales Tax, Saskatchewan PST, Small Business Bookkeeping
  • Jan 07, 2019
  • KB Accounting

Saskatchewan Provincial Sales Tax (PST)

What Is PST And When Does It Apply? Saskatchewan's Provincial Sales tax is a consumption tax. This means all goods and services bought, sold or consumed in Saskatchewan are subject to a six percent tax. It is to be charged on goods and. . .

  • Dec 14, 2017
  • KB Accounting

3 Tax Planning Strategies You Can Implement Today

Tax planning involves reviewing your finances with an eye to lowering your tax burden. You plan your finances out in accordance with what will save you the most money. There are many different strategies, and within each strategy, many different. . .

  • Dec 14, 2017
  • KB Accounting

4 Common Bookkeeping Mistakes Your Small Business Is Making

Small business owners have a lot of their plate. They’re an expert in whatever product or service they offer, but they’re also in charge of an entire business, and that’s a whole job unto itself. Chances are if you’re a small business owner,. . .

  • Dec 14, 2017
  • KB Accounting

How To Choose The Best Payroll Solution For You

Imagine this: at the end of the month an employee reports an incorrect paycheque, the CRA says you owe extra taxes, and you lose a big client because you just couldn’t make enough time for them. What’s one easy solution to all of these problems? . . .

  • Dec 14, 2017
  • KB Accounting

The Importance Of Accounting To Your Small Business

If you’re running a business your bottom line is important to you. Accounting deals with everything related to your finances, so being careful with your accounting is important to your bottom line. But how does everything fit. . .

Latest Testimonial

I have known Kim since high school. 4 years ago, CRA decided to do a net worth audit on our personal and businesses. Our expensive chartered accountant at the time basically left us for dead. I have always known Kim as smart and fearless, so I called her for advice.

Kim and her team dropped everything and took over for me. She allowed me to work with them as much as possible to help lower costs. Kim worked with the auditors and put everything together meeting CRAs ridiculous timelines. Since then Kim has taken over all my taxes, cleaned up and streamlined my bookkeeping. She has assisted me with GST and PST audits, and everything in between!

If Kim does not know the answer to your question, she takes the time to research and provide you with the correct answer. Her prices are fair and affordable, her service is outstanding. Her personality is relaxed yet professional. She makes you feel part of the team, not just a number! Kim and her team consistently look out for my best interest. It's not every day your accountant genuinely cares about your situation and what’s really in your best interest. My years of loyalty will definitely continue!

"Consistently looks out for my best interest"
Reylene Esmond E Z Automotive Ltd.

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