MacNeill Edmundson Professional Corporation

Today, we recognize and celebrate the hard work, dedication, and contributions of workers across our communities.

Wishing everyone a safe and relaxing long weekend.

As summer winds down and back-to-school preparations begin, our team is taking a little extra time to enjoy the long weekend with their loved ones! 📚✏️.

Our office will be closed Friday, September 4 through Monday, September 7. We will reopen on Tuesday, September 8.

Wishing all the students, parents, teachers, and families in our community a wonderful long weekend and a smooth start to the new school year! 🎒✏️

Enjoy the long weekend! ☀️

What an incredible impact! 💙

Thanks to the generosity of our golfers, sponsors, donors, and volunteers, this year’s golf tournament raised $6,000 in support of London Cares Homeless Response Services.

We are so grateful to everyone who helped make this day possible. Your support goes beyond the golf course and helps London Cares continue their important work within our community.

Thank you for showing up, giving back, and making a difference.

What is an Adjusted Cost Base (ACB)?

Your Adjusted Cost Base (ACB) is generally what you paid for an investment or property, plus or minus certain adjustments over time. When you sell, it's used to determine your capital gain or capital loss for tax purposes.

Understanding your ACB is important because accurate records can help ensure you're reporting the correct amount at tax time.

Have questions about investments or capital gains? The team at ME is here to help.

Good record keeping doesn't just make financials and tax prepararation easier. It can also protect you if the CRA ever asks for supporting documentation.

The general rule is that individuals and businesses should keep their tax records and supporting documents for at least six years after the end of the relevant tax year. However, some documents should be retained indefinitely.

Need help keeping your records tax ready? The team at ME is here to help.

Starting a business is exciting, but building strong financial habits early can make a big difference down the road.

Here are a few tips to help set your business up for success:
- Keep your personal and business finances separate.
- Track every business expense, no matter how small.
- Set aside money throughout the year for taxes.
- Review your financial reports regularly to understand how your business is performing.
- Keep your receipts and financial records organized.
- Don't be afraid to ask your accountant questions before making major business decisions.

Good accounting isn't just about staying organized. It's about making confident decisions that support long-term growth.

At ME, we're here to help you build a strong financial foundation from day one.

Behind every successful business is a team of trusted advisors.

At ME, we're more than accountants. We're partners in your success, providing the insight, guidance, and support you need to make confident financial decisions at every stage of your journey.

Whether you're starting a business, planning for growth, or preparing for the future, our team is here to help you move forward with confidence.

Tax credits and tax deductions are often confused, but they work in different ways.

- Tax deductions lower your taxable income before your tax is calculated.
- Tax credits reduce the amount of tax you owe after it's been calculated.

Understanding the difference can help you take advantage of every tax saving opportunity available to you.

Have questions about which credits or deductions apply to your situation? The team at ME is here to help.

Confidence in business doesn't come from guesswork. It comes from understanding your numbers.

When you have a clear picture of your financial health, you're better equipped to make informed decisions, seize new opportunities, and plan for sustainable growth. Financial clarity gives you the confidence to move forward with purpose, knowing your decisions are backed by insight, not uncertainty.

We’re proud to have participated in the Advocate Connections Bottle Drive, collecting bottles and cans to help support a great cause!

Thank you to everyone who contributed and helped make a difference. Every bottle and can collected helps support our community. 💙

We’re always happy to come together as a team and give back where we can!