Fuller Landau LLP/SENCRL

2012 Limits and Rates Related to Automobile Expenses and Federal Personal Tax Credits

Chantale Couture — Thu, 02 Feb 2012 17:25:41 +0000

Automobile Expenses The rates for automobile expenses, deduction limits and the prescribed rates for determining taxable benefits on automobile operating expenses are as follows for 2012. Personal Income Tax Parameters In 2012, individuals will benefit from a small Federal tax reduction due to indexation of the tax bracket thresholds and non-refundable tax credit amounts. The following table [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Taxable Benefits in Brief

Chantale Couture — Tue, 24 Jan 2012 15:19:27 +0000

This issue of Tax Target will serve as a reminder of certain, often forgotten, details regarding the preparation of T4 and Relevé 1 forms. Automobile Benefits Automobile benefits are the total of the stand-by charge and the operating benefit. 1. Stand-by Charge (a) Stand-by charge on automobile owned by Company = A/B x [2% x (C x D)] A/B [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Tax Information for 2012

Chantale Couture — Mon, 09 Jan 2012 18:47:28 +0000

Here are the deductions at source rates for 2012 and 2011 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Quebec Health Services Fund and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Year-End Tax Planning Checklist for Corporations

Harry Vouitsis — Thu, 15 Dec 2011 20:29:52 +0000

In these uncertain economic times we live in, the owner-manager will have to maintain his focus on many things throughout the day and, often times, planning to minimize their corporation’s taxes may fall to the wayside. The following tax tips can assist the owner-manager in this regard. Your Fuller Landau advisor can assist you in [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Year-End Tax Planning Checklist for Individuals

Angela Sciola — Thu, 15 Dec 2011 20:06:32 +0000

For some, when the weather turns cold and the holiday descends upon them, it signifies that it is time to turn their attention to structuring their affairs to minimize taxes. Ideally, tax planning should be done throughout the year as part of one’s overall financial plan. However, if you have not monitored your tax situation [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

QST Rate to Increase to 9.5% Effective January 1, 2012

Kathleen Piggott — Thu, 15 Dec 2011 19:13:34 +0000

As announced in the Quebec Budget tabled on March 30, 2010, the Quebec Government will increase the QST rate from 8.5% to 9.5%, effective January 1, 2012. We have prepared the following summary of the transitional rules. Invoicing If QST becomes payable, or is paid without having become payable in 2011, the rate of 8.5% [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Social Events & Alcohol Consumption – SHAKEN, NOT STIRRED!

Juliana DOrso — Tue, 13 Dec 2011 16:02:58 +0000

Company holiday parties have begun! And if you plan on serving alcohol, then read on for important information on how this could affect your business. Regardless of whether a social event takes place during or after work hours, and whether it is held on or off site, the event is considered work-related and the same [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Ask an HR Expert – Winter

Juliana DOrso — Tue, 13 Dec 2011 15:48:44 +0000

In every HR Connection, one of our HR experts will answer a frequently asked question from our readers. If you have a question, please don’t hesitate to email hr@flmontreal.com, and we may select it for our next issue! I prefer not to have written contracts when I hire new employees. Is a verbal agreement [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Social Media – Make it Right for You!

Juliana DOrso — Tue, 13 Dec 2011 15:29:40 +0000

Employers today are encouraged to promote teamwork, collaboration and open communication in the workplace. While the effective use of social media is a great tool to permit employees to do this effectively, many businesses prefer to completely ban the use of social media in the workplace. The question is: is it possible to allow employees [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors

Search begins for the 2012 Fuller Landau Family Business Award recipients

Stephanie Darwish — Mon, 05 Dec 2011 18:26:33 +0000

Award enters its second year with the bar set high and a new judging panel MONTREAL, December 5, 2011 – After a successful first year filled with outstanding nominees and winners, the John Molson School of Business at Concordia University and Montreal-based accounting firm Fuller Landau LLP have begun their search for the 2012 Fuller [...]

Fuller Landau LLP/SENCRL - Chartered Accountants and Business Advisors