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Course Level :Basic
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Credits :1
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Pre-requisites :None
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Advance Preparation :None
The COVID-19 pandemic has, for pretty much the entire year, certainly created much disruption with the way we live every day. In the tax world, there was some relief, including an extension of some tax-filing deadlines. But some things never change. Taxes will always have to be paid eventually, and the Canada Revenue Agency hasn't stopped working to collect them.Â
So it's still important to do some planning to minimize the tax bill when it comes due.
With that in mind, and before we put 2021 behind us, let's look at some year-end tax planning strategies for both business owners and employees before next year's April tax-filing deadline is once again upon us. Amid the ongoing challenges of the pandemic, tax planning may not be top of mind for many business owners, but it’s more important than ever to plan for income taxes to avoid any unpleasant surprises later on.
In addition to tax considerations, your financial plan should reflect investment philosophies, sound business practices, and motivational goals. Owner-managers should ensure that sufficient funds are retained to meet business objectives; given the uncertainty in the economic environment, cash flow management is especially important.
With the help of this CPD E-Book individuals and owner-managed businesses will be able to save tax.
In response to the COVID-19 pandemic, federal, provincial, and territorial governments have introduced many financial incentive programs to help individuals and businesses, as well as extending many filing deadlines for certain income, sales, and capital tax and other returns; certain payment deadlines were also deferred, including those for installments and final balances.
This CPD E-Book will highlight some of these incentives and deadline extensions too.
Since MYCPE ONE inception nine years ago, it has grown into a team of over 3,000 professionals across India and the Philippines. MYCPE ONE proudly partners with 100 of the top 500 accounting firms, driving success and innovation in the industry. Moreover, MYCPE ONE is a leading platform for learning and continuing education in accounting, tax, finance, and HR, catering to a broad range of qualifications including CPA, EA, CMA, SHRM, HRCI, CFE, and CFP in the U.S., and CPA and CFP in Canada, among 100+ global designations.
Key Highlights of MYCPE ONE:
Key Highlights of Continuing Education:
We are committed to creating an integrated ecosystem for accountants, providing a range of services under one umbrella. With MYCPE ONE our objective is to provide a full suite of services to CPA & Accounting firms that are not only comprehensive but also more convenient and cost-effective, as they can access all they need in one place.
Our expanded services include:
All of these services will maintain a singular focus: supporting Accountants. With MYCPE ONE, we aim to grow our onshore team to around 20 by 2025 in the U.S. and Canada. Our approach isn’t just about bundling services; it’s about adding value to each service we offer. By expanding our capabilities, will continue to partner with industry leaders to support accounting firms in improving their operations, and client service.
18 Ratings
PM
Nov 5th, 2023
Quick refreshing of tax planning
XJ
Aug 7th, 2023
good
