TBA Virtual Accounting

📢 Important Reminder for British Columbia Business Owners:

Your B.C. Employer Health Tax (EHT) instalment payment is due on September 15, 2026, if your 2025 B.C. EHT payable exceeded $2,925. We recommend planning ahead to ensure timely payment of your required instalment.

For expert assistance with Business accounting and TAX obligations, please contact TBA Virtual Accounting at 604-259-9591

Reminder: Individuals required to make CRA income tax instalment payments, take note that the next payment is due on September 15, 2026.

Verify your instalment reminder, confirm the required amount, and settle your payment by the deadline to avoid interest and unexpected tax balances.

If you need guidance on tax instalments, contact TBA Virtual Accounting at 604-259-9591

Optimize your business operations by leveraging reliable bookkeeping support.

By outsourcing financial management, you can allocate more time to driving growth, maintain accurate records, and make informed decisions with confidence.

Let TBA Virtual Accounting handle the backend, so you can focus on building a successful enterprise.

📞 604-259-9591

Efficient payroll processing is contingent upon having accurate information and sufficient funds in place prior to payday.

Implement best practices such as ⏰daily time tracking, 📁maintaining up-to-date employee records, ⚙allowing ample processing time, ☑️reviewing payroll before payday, and 💰setting aside necessary funds can mitigate last-minute surprises.

By adopting these habits, you can ensure a smoother payroll process with fewer unexpected issues.

TBA Virtual Accounting
📞 604-259-9591

Are you still submitting your GST/HST returns in paper format? As of 2024, most GST/HST registrants are required to file their returns electronically.

Failure to comply may result in a $100 penalty for the first instance and $250 for each subsequent instance.

Note that charities and selected listed financial institutions (SLFIs) are exempt from this requirement. If you are unable to file electronically, you may request an exemption from the CRA on a case-by-case basis. Ensure you stay informed and maintain GST/HST compliance.

Contact TBA Virtual Accounting for expert guidance

Are you prepared to break free from the shackles of financial complexity and unlock a brighter future for your business?
🌞 Envision having the autonomy to pursue your passions, unencumbered by the burden of tedious financial tasks. With expert bookkeeping support, you can liberate yourself from the cycle of administrative drudgery and tap into a world of transparency, confidence, and limitless possibility.
✨ By leveraging the power of accurate financial records, you'll gain a profound understanding of your business's potential, identify opportunities to optimize your cash flow, and make informed decisions that drive growth and success. And isn't it time you enjoyed a sense of security, knowing your business is on track to achieve its objectives?
😊 Are you ready to take the first step towards financial independence?

Contact TBA Virtual Accounting at 📞604-259-9591 to learn more about our expert bookkeeping services and discover a brighter tomorrow for your business!

Strong 📒bookkeeping habits can make a big difference in how clearly you understand your business finances.

From recording transactions and reconciling accounts to keeping business and personal finances separate, maintaining supporting documents, and reviewing financial reports regularly. Consistent bookkeeping helps you ✅stay organized and make ✅better-informed business decisions.

Good records aren’t just about tax time. They give you a clearer picture of where your business stands throughout the year.

Need help keeping your books organized?
TBA Virtual Accounting
📞 604-259-9591

Payroll can become complicated as your business grows—especially when you're managing 🔸employee records, 🔸deductions, 🔸remittances, 🔸pay periods, and 🔸compliance requirements at the same time.

A reliable payroll process helps ensure employees are paid accurately and on time while keeping the records your business needs organized.

With proper payroll support, your business can benefit from:

✓💯 Better payroll compliance - Stay on top of payroll deductions, remittances, reporting requirements, and important deadlines.

✓ 🌐Stable online employee records - Keep payroll information and employee records organized and easier to access when needed.

✓ ⏰Quick and accurate payruns - A structured payroll process can reduce administrative work and help ensure employees receive the correct pay on schedule.

✓ 📁Better record keeping - Maintain clear payroll records for wages, deductions, employer contributions, vacation pay, and other payroll-related transactions.

Don't let payroll administration take your attention away from running your business.

✅Take the complexity out of managing your payroll.

📞 TBA Virtual Accounting | 604-259-9591

The Canada Carbon Rebate for Small Businesses is now tax-free, and this change may affect how your corporation's rebate was reported on its T2 return.

If your corporation previously included the rebate in taxable income, here's what CRA says:

Filed before June 30, 2025?
CRA may automatically adjust your T2 return if the rebate was clearly identified on Schedule 1. You generally don't need to request an adjustment in that situation.

Filed after June 30, 2025?
If you included the rebate in taxable income, you will need to request a reassessment of your T2 return to remove the rebate from taxable income.

Not sure how your rebate was reported? Reviewing your corporate return can help ensure the new non-taxable treatment is applied correctly.

📞 Need help reviewing your T2?
TBA Virtual Accounting | 604-259-9591

Running your business from home? 🏡💻

Keeping accurate records can help you identify the 💰business-use portion of eligible home expenses when it’s time to file.

Depending on your circumstances and eligibility, business-use-of-home expenses may include a portion of:

🏠 Rent
💡 Utilities such as electricity, heat and water
🛠️ Maintenance and minor repairs related to the workspace
🏡 Home insurance
💰 Mortgage interest - where applicable

The amount you can deduct depends on factors such as the portion of your home used for business and, in some cases, how much of the time that space is used for business.

Keep your expenses documented and your records organized throughout the year. Need more information, Contact us.

📞 TBA Virtual Accounting | 604-259-9591