FAQ

What employment expenses are deductible?

Although each expense should be investigated to ensure that it is deductible, there are general categories of expenses that apply, including:

• Employee work-space-in-home expenses (heat, electricity, maintenance, etc.)
• Employee motor vehicle travel expenses
• Professional membership/Union dues
• Office rent
• Supplies consumed directly in employment duties
• Meals/Lodging (under applicable circumstances)

For a more detailed overview of employment expenses related to your organization, please contact us.

Can I split my pension income with my spouse/partner on my personal tax return?

Provided you and your partner are Canadian residents who live together, you may allocate up to ½ of your pension income to a partner. This can be helpful in reducing the taxable income for the pensioner. Learn more about our personal taxation services.

Is it better to make a charitable donation corporately or personally?

It can depend. Several factors influence the most effective method of donation. Our team will work with your existing situation to determine the best course of action for you.

Which accounting software package do you recommend?

Both QuickBooks and Simply Accounting are excellent packages for a venture in digital bookkeeping. There are differences between the two programs, and these should be investigated to find your preference. Learn more about or purchase QuickBooks and Simply Accounting.

Should I buy or lease a vehicle?

The difference in tax impact between buying and leasing is not significant. This decision ultimately comes down to preference. If you would prefer to drive a new car, leasing is a sound option. If you would normally drive a car for a long period of time, purchasing is likely your best choice.

Why use accounting software?

There are many benefits when using accounting software but one main factor is the time you save for your business and your accountant. In addition, generating reports is more difficult during the year when you use a manual system. Accurate records on an accounting program will help you to stay organized and ready for up-to-date report-making.

Why use the services of a Licensed Public Accountant?

The expertise a licensed public accountant provides will be invaluable since they have the knowledge that will direct your business on the right path to success. Life’s too short to learn from your own mistakes - let an accountant help you avoid them in the first place.

What are McClurkin Ahier & Company LLP's areas of expertise?

Although we are prepared to serve any organization, we focus our work in several key areas of expertise:

• Corporate
• Personal
• Non-Profit
• Medical
• Agricultural

How long has McClurkin Ahier & Company LLP been in business?

We have been proudly serving clients for over 21 years.

Should I change my year-end date?

Most businesses have a calendar year-end date, but there can be advantages and efficiencies when you choose a different year-end date. One main advantage is that a year-end date in a slower part of your season will allow you to organize your records when you have more time.