Author: Aayushi Shah

Cloud accounting has its own set of advantages and disadvantages, which vary depending on the user. If you want to operate from anywhere and have access to your data, cloud accounting software is the way to go. As the world becomes more digitized and reliant on technology, the future of cloud accounting is rapidly approaching, with everyone appreciating cloud accounting.

An engagement letter is an essential component of all client relationships, particularly for accounting firms that provide professional services to clients. Every business transaction that takes place between clients and firms is critical.

Artificial intelligence (AI) has transformed every industry and has had a significant impact on the world. Artificial intelligence does everything from saving time to increasing efficiency to automating business in a single step. The most appealing business model in the nearest future.

Students pay fees to educational institutions for the entire year, and they receive a benefit at the time of tax payment, which is known as a tution tax credit.

Thank you for your support and enthusiasm for the previous article on what’s new and different in the T1 income tax return. Now we’re back with another hot topic: what new changes have been made to a corporation’s tax return.

As practicing CPAs, we need to be updated with the changes made by either government or CRA towards businesses. We have to be very active as our one mistake can make millions of dollars loss for the client. Let’s understand what CRA changes in 2021’s T1 return filling program.
Here we mention some changes to keep in mind for the busy tax season.