GALLO LLP CHARTERED PROFESSIONAL ACCOUNTANTS

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?

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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 […]

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, […]

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 […]

5 Simple Yet Effective Tax Minimization Strategies for Businesses in Canada

1. Invest in Your Clients In business, it’s no secret that you’ve got to spend money to make money. And in this case, the Canadian Revenue Agency tends to agree. Entertainment expenses incurred to entertain clients or win business such as concert tickets, or treating an out of town prospect to a premium steak dinner, […]