The popular website ‘Best in Edmonton’ has placed Gallo LLP on the list of best accountants in Edmonton. We can’t help but agree! The website uses a combination of business references, reviews, and overall public opinion to put together…
As a self-employed physician, your tax structure and deductions are different from a salaried physician. If you’re making the transition from a salaried employee to that of an independent, self-employed physician, you’re going to need a clear understanding of what…
Tenant inducements are something that can seem like an easy choice. If you’re offered a tenant inducement or considering offering them to find more business, it can seem like an easy giveaway, but that’s not always the case. Tenant inducements…
If you’re a Canadian post-secondary student, you’ve likely wondered what a tuition tax credit is and how to use it. Or, maybe you’ve looked on your CRA account and wondered what those carried over amounts are for. Understanding tuition tax…
Collecting rental income on a property is a fantastic way to help with mortgage costs and pay off an investment property. Rental income, though not associated with a paycheck, still needs to be reported alongside your income taxes. Not reporting…
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…
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…
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….
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…
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…