Val Pacitti, CGA, CPA

News from Val Pacitti, CGA

Are you keeping adequate records? Did you know that CRA requires records to be kept for at least 6 years! Here is a link to the cra website with more details...

Keeping records Information for individuals engaged in a business or commercial activity in Canada concerning the requirements for keeping and retaining adequate records.

Tax Tip! - Employment Expenses - If you are an employee and your employer requires you to pay expenses to earn your employment income, there are some expenses you can deduct. You may be able to deduct motor vehicle expenses, meals, lodging, parking, supplies, in-home office expenses, telephone and other directly related expenses. Please email if you have questions on this!

T4044 - Employment Expenses 2009 Use this guide if you are an employee and your employer requires you to pay expenses to earn your employment income.

Did you know - that CRA offers free seminars for those of you starting out with new businesses. Topics covered are GST, Payroll, and Income taxes. The next one for Calgary is Sept 9th, 2010. http://www.cra-arc.gc.ca/vnts/ab/cl-smll-eng.html

Calgary, AB - Small business information seminar This Web page provides links to small business-related events and seminars offered by Canada Revenue Agency (CRA) in Alberta.

For everyone with vehicles that they use for business purposes, CRA has announced a few options to keep track of your km's. Check out the announcement at http://www.cra-arc.gc.ca/whtsnw/lgbk-eng.html

Documenting the use of a vehicle .

Val Pacitti, CGA I am a CGA in SE Calgary able to do accounting, Financial Statement preparation, and Tax Preparation (personal and corporate). I have experience with both simple and complex personal tax returns (rental properties, dayhomes, sole proprietors, investments). I also have experience with all types of small businesses. Please call or email if interested!