Understanding Real Estate Accounting

Understanding real estate accounting can be a difficult process. In order to increase your revenue and improve your real estate business, you will need to understand what to track and how to keep your bookkeeping in order. As a property manager, you also want a qualified real estate accountant on your side to help you […]

Construction Accounting Basics: Understanding What Makes Construction Accounting Different

Accounting for business varies depending on the industry, and accounting for construction companies can be incredibly challenging and different from other industries. We’ve put together some of the basics for construction accounting to help construction professionals understand what makes their financial management different from other industries. Read on to learn more about construction accounting basics […]

Does Paying My Taxes Late Affect My Credit Score?

The season for personal taxes is over, but that doesn’t mean taxes have completely left your thoughts. If you tend to pay taxes rather than receive a return, May often signifies the beginning of saving for next year’s tax filing. If you’re a taxpayer, you may be wondering if paying your taxes late would affect […]

How Much Should Accounting Cost a Small Business?

How much accounting should cost a small business depends on a number of factors. If you’re looking for the costs of accounting for your small business, you want to ensure that you’re considering all the items that influence the cost of accounting for a small business, as well as what kind of accounting services you’re […]

Gallo LLP Hosts an Alberta-wide Contest

Gallo LLP is hosting a contest this month! The contest is simple, film your kids as you ask the question, “what do you think an accountant does?”, and see what their answers are! The winning video will receive a $1500 RESP contribution, plus a $500 gift card to the West Edmonton Mall for your child […]

When are Personal Taxes Due in Canada?

As your tax receipts and T4s start rolling into your inbox, you may be wondering when personal taxes are due in Canada. No one wants to be late getting their taxes filed, especially if you’ll need to pay rather than receive a refund. For most people in Canada, personal taxes are due April 30th, or, […]

Beginning of Gallo LLP

Our firm is excited to announce that as of January 1st, 2021, Gallo and Company has become a registered Limited Liability Partnership (LLP), as allowed by legislation by the Government of Alberta. We will now be known as Gallo LLP. This change in name and registration as an LLP does not create a new firm, […]

Tax Tips for Doctors

If you’re a medical specialist, you may be seeking tax tips for doctors. Finding tax tips for doctors that will save you money can be a difficult task. Doctors have various financial opportunities and additional responsibilities relating to their personal taxes, so it’s important to consult a professional accountant to get the best tax advice […]

How to Reduce Your Accountant Fee for Corporate Tax Return

Understanding accountant fees for a corporate tax return can be tricky. When you get your invoice, you may be wondering what you could have done to reduce your accountant fees for the corporate tax return, or what causes corporate tax return accounting fees to be higher or lower. We’ve compiled some key factors that can […]

Why Outsource Accounting: 5 Reasons to Hire an Accounting Firm

Why outsource accounting when you could hire an accounting team and perform accounting in-house? Outsourcing accounting services has many benefits, and outsourcing doesn’t necessarily mean taking your accounting services out of country or even out of province. Why outsource accounting to an accounting firm? Because outsourcing accounting to an accounting firm provides better quality results […]