Are you considering renting out a portion of your home? There may be some tax implications to consider – both for now and in the future. Principal residence exemption Often, when you sell your “principal residence” there is no resulting tax implication. This is because of the principal residence exemption, which allows an adjustment to the…
{ ... read more ... }
We often get asked about how to deal with home office expenses for your incorporated business. While there are a few different options, here’s the best way we’ve found to do it. If you have a separate and distinct part of your home you have devoted exclusively to business use, you can deduct home office…
{ ... read more ... }
Most small business owners eventually face the question of whether or not to incorporate their business by creating a limited liability company or “corporation”. Owners of small business corporations enjoy preferential tax treatment in Canada in the form of lower corporate tax rates, tax-free status on sale of small business shares and access to certain…
{ ... read more ... }
We are looking for qualified accountants (CA, CGA, CMA, CPA) to join our network. We are seeking individuals interested in real work-life balance supported by a dynamic public practice career. We guarantee personal income equal to or greater than urban practices and partnership/ownership opportunity. We are also looking for Accounting Technicians. Candidates must have:…
{ ... read more ... }
Pinnacle PAC is helping several of our clients recruit. Our clients are looking for individuals with awesome abilities, which definitely include stellar Microsoft Office skills (especially Excel and Word), dynamite organizational habits and fabulous self-direction. Skillsets which would be really useful include things like Simply Accounting and/or Quickbooks experience, calendaring, invoicing, accounts payable/receivable experience, cash…
{ ... read more ... }
Your Value Proposition What sets you apart from your competition? We recently held an offsite retreat and one of the objectives was to try to better understand our “value proposition”. By understanding our value proposition, we can refine our service delivery and personal accountabilities to make our organization more valuable to its customers. Michael Lanning,…
{ ... read more ... }
After spending a few years working in Human Resources, I’ve come to realize that the key to retaining staff members is fostering a positive work environment. A positive work environment, in turn, fosters a team who is comfortable with each other and understands one another enough to help work flow as seamlessly as possible. In…
{ ... read more ... }
I have worked two previous summer jobs at accounting firms in the past, but I have never had the pleasure of working through a tax season… until now. During February I’ve been working on preparing the T4’s for Pinnacle’s corporate clients and it has made me realize something…the most work is gathering the information. It…
{ ... read more ... }
Despite the way it looks outside right now, spring is on its way. Plans are afoot to begin another gardening season at the Downtown Art Farm, our outdoor art gallery and community garden in downtown Castlegar. We are excited to announce that we are now officially incorporated as a Non-Profit Society. If you are…
{ ... read more ... }
City of Castlegar helping businesses succeed I read in the Castlegar News a Business Retention and Expansion Pilot Project has been proposed for Castlegar. It sounds really cool, although I wasn’t entirely sure what such a program would be like. I thought I’d investigate a little further, so searching the name, I came up with the…
{ ... read more ... }