If you are starting a career in tax preparation then one of the most critical decisions  you will have to make as a business owner is how much to charge for doing personal and corporate tax work. If you charge too much, you will lose valuable business ... if you don't charge enough, you will risk working for little money and burning out in no time. Let me provide you with some advice and factors to consider when pricing your services

A new client walks in the door and wants to switch accountants and have you do their work going forward? Do you just take them on without asking any questions? Do you provide them with a fee right away?  In this seminar I will show you why the answer should be "No" to both of these questions. I will also provide a very useful and powerful spreadsheet checklist to help you quantify the risk and apply a multiplier to your regular fees.

If you are, or deal with, a non-resident of Canada who owns property in Canada and earns rental income, then there are special reporting requirements that need to be applied. These can seem a bit overwhelming and complicated, but in this skill snack I will break it down into easy steps. I will provide you with a step-by-step reporting framework along with examples of the forms that need to be prepared and filed with the CRA.

Many practitioners are asked to provide payroll services to their small business clients but don't know where to begin. Others wish to supplement their practice's income with a payroll service which also serves as a great way to get additional corporate and personal tax return business. That being said, many new practitioners don't know where to begin. Well, that is what this, and upcoming, Skill Snack seminars is all about. Setting up, administering and delivering a payroll service to clients.

In this second instalment in the payroll services Skill Snack series, we examine the statutory and legal obligations all employer must meet in their businesses. A detailed look at CPP and EI provides you with the rules and who is eligible for certain exemptions. Also reviewed are the rules and administration of vacation pay and a primer on the issue of severance.

Payroll Services 3 -Employee Automobile Benefits

In the third seminar we focus on everything you need to know about the taxation of employee provided automobiles. Great for those company's who provide employees with vehicles as well as owner-managers who purchase vehicles in their corporations. Details are provided on calculating and reporting the Standby Charge and Operating Cost benefit.

Payroll Services 4 -Other Employee Benefits

This Skill Snack seminar covers a large range of other taxable employment benefits that you will come across in your bookkeeping, payroll or accounting practice. We examine benefits such as parking, employer provided public transit passes, corporate travel involving family or spouses, interest free or low interest loans, and much more. 

Notice To Reader Engagements 1 - Compilation Files

In this first instalment we begin our journey of studying the most common type of engagements practitioners are asked to prepare by clients ... compilation or Notice To Reader engagements.  In this series we examine how to put together financial statements and prepare corporate tax returns for small business clients. In this introductory module we look at preparing statements when the client provides us with a reliable Trial Balance

Notice To Reader Engagements 3 - Client Provided Spreadsheets

Not all files will be provided to you by a professional bookkeeper like the previous module. Often times, you must compile the financial statements from Excel spreadsheets and source documents provided by the client. In this module, we go through a file step-by-step where a client has provided us with spreadsheets containing all the data we need to prepare the financials and corporate tax returns

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