LEARN MORE
Digitizing Documents with Dext
Earlier this year, we shared a blog encouraging our Grande Prairie community of businesses to go digital with document storage. We often get asked, “What software works best?” While solutions can depend on the needs of an individual business, one solution we recommend...
Business Plan – Your Roadmap to Success
As small business owners, we are proud to see Grande Prairie entrepreneurs kick-starting their business ideas every year. If going into business for yourself, or with partners, is a dream of yours, starting with a comprehensive business plan should be your first...
Going Digital With Record Keeping
Gone are the days of storing 24 pocket file folders in your desk or work truck. New ways to save and track transactions have emerged with online payments, e-mail and text receipts, and smartphone cameras. Keeping track of transactions is crucial, and this month's blog...
Bookkeeping Categories Simplified
Grande Prairie is home to some of the highest rates of entrepreneurship. Being in the finance industry ourselves, the team here at McNabb Lucuk LLP understands how crucial bookkeeping is in running a financially responsible business. By systematically recording and...
Why is Bookkeeping essential?
Bookkeeping tells stories about a business using numbers in categories. Knowing why this business function is essential and what stories the numbers are saying about your business can be beneficial. Financial data offers invaluable insight into any business. This...
Can Employers Give Gifts to Employees?
As these warmer summer months set in, our Grande Prairie business community enjoys more team building time and looking for ways to attract qualified employees. The summer also marks a mid-year point for those with a December year-end, making it an excellent time to...
What is the Canada Digital Adoption Program?
If your online business is struggling, or if you’re not sure if going digital is right for you, new funding from the federal government could provide the perfect opportunity. The Canadian Digital Adoption Program makes the move to digital business solutions more...
Should I Hire An Employee or Contractor?
When it’s time to grow your business, people are usually high on the list. The question is should you hire an employee or a self-employed contractor? Who you choose to join your team and how they are hired is more complicated than simply finding people with the right...
What is the “Underused Housing Tax Act”?
With the 2021 Federal budget, the Government of Canada announced a new one percent annual tax on residential properties that are underutilized or vacant, the Underused House Tax (UHT). As of January 1, 2022, this new tax act came into effect. Although the criteria for...
What are the 2022 Tax Filing Deadlines?
Whether you are a resident in our home community of Grande Prairie, Alberta, live somewhere else in Canada or live the Canadian snowbird lifestyle if you’ve earned personal or business income in 2022, now’s the time to start planning for tax season. Our team here at...
Why you should save in an RRSP
If a Registered Retirements Savings Plan (RRSP) is currently part of your financial portfolio, you’ll have until March 1, 2023, to maximize your 2022 contribution. If you don’t hold an active RRSP, this blog may convince you to act now to realize immediate tax savings...
Capital Cost Allowance And The Current Incentives
Canadian businesses use depreciable capital assets, such as machinery or equipment, in their operations. As businesses age, new capital property must be acquired to improve processes or to replace old assets at the end of their useful life. As a community, Grande...