Scott Park and Co Inc.

  • Home
  • About Us
  • Services
  • Blog
  • Pricing
  • Reach Us
  • Secure File Transfer
  • Home
  • About Us
  • Services
  • Blog
  • Pricing
  • Reach Us
  • Secure File Transfer

Accounting
​ Blog & news

Maintaining Tax-Exempt Status for NPO’s

9/19/2017

 
Picture
Scott Park, CPA, CA

Many people may consider not-for-profit organizations (NPO’s) and registered charities to be the same. However, while both types of organizations may operate on a non-profit basis, the two types are defined differently under the Income Tax Act.

Read More

Tax Planning Using Private Corporations - Significant Changes Are Looming

7/27/2017

 
Picture
Scott Park, CPA, CA
In the 2017 Budget, the Canadian government signaled its intention to target specific tax planning strategies involving the use of private corporations to close tax loopholes and end tax planning strategies that give unintended advantages to some high-income earners at the expense of other Canadians.

Read More

Understanding Business Valuations

9/30/2016

 
Picture
Scott Park, CPA, CA

What is Business Valuation?

A business valuation is the process of determining what the economic value of a business or company is worth. There is generally no one single way to establish what a business is worth. That’s because business value can mean different things to different people.

Read More

Entrepreneurs May Ask Themselves - Proprietorship or Corporation?

7/22/2016

 
Picture
Scott Park CPA, CA
A common question I am often asked by entrepreneurs and those looking to create a new start-up business is whether they should start a proprietorship or incorporate?

​And secondly, for those that have already started their business as a proprietorship the next question becomes when should they consider incorporation?


Read More

CRA Letter Campaign and Audit Initiatives Update

3/4/2016

 
Picture

Scott Park, CPA, CA

I recently attended a liaison meeting between the Canada Revenue Agency and the Chartered Professional Accountants of British Columbia. One matter of particular importance that was discussed was CRA’s letter campaign for 2016.  In 2010, CRA began a letter campaign to inform selected taxpayers about their tax obligations and to encourage them to correct any possible inaccuracies in their past returns that they filed. The CRA felt this was an appropriate approach to educate individuals in selected “activity groups” or industries where taxpayers are at a higher risk of misunderstanding their tax obligations. 2016 marks the seventh year of this campaign initiative and they will be sending approximately 30,000 letters to selected taxpayers in early 2016.
 
Here’s what you need to be aware of...


Read More
Forward>>

    C A T E G O R I E S

    All
    ACCOUNTING
    BOOKKEEPING
    BUSINESS
    CONSULTING
    NPO & CHARITIES
    STARTUPS
    TAXATION
    VALUATIONS


    P O P U L A R   P O S T S

    December 2021
    December 2020
    October 2019
    August 2019
    June 2019
    November 2018
    August 2018
    July 2018
    June 2018
    May 2018
    December 2017
    October 2017
    September 2017
    July 2017
    September 2016
    July 2016
    March 2016

    RSS Feed


    Subscribe to our mailing list

    * indicates required
HOME   ABOUT  SERVICES  BLOG  PRICING  REACH US  SECURE FILE TRANSFER
​©Copyright All Rights Reserved l Scott Park & Co Inc.