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   January 2013                         PADGETT BUSINESS SERVICES�                         Vol. 11, No. 1

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Greetings!      

 

Happy New Year!  We hope you enjoyed the holidays and planning for a prosperous 2013. 

 

To help you, check out our Estate Planning information. We know that you are also starting to think about personal and possibly corporate tax returns so we also included some useful information on Remitting GST on Taxable benefits.  Do you have employees that submit expenses? Then make sure to read about Form T2200.

 

We look forward to serving you in 2013!

 

Kate, Akash, Karin & Gerald

(403) 982-8828
In This Issue
Estate Planning
Form T2200 - Declaration of Conditions of Employment
A New Year's Resolution That Will Be Easy To Keep!
Remitting GST/HST on Taxable Benefits
estateplanning
Estate Planning
Padgett

There are several areas that are included in estate planning. Here is a brief list of some of them.

 

See the list

formt2200
Form T2200 - Declaration of Conditions of Employment

padgett business services    

 

Read what CRA's expectancies are with regards to the T2200 form!

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A New Year's Resolution That Will Be Easy To Keep!

We all make New Year's resolutions with the best of intentions. This year, resolve to make running your business less complicated. Start using PADGETT CONNECT. This great administrative tool will make record keeping & payroll preparation a breeze.   

 

Padgett Business Services offers a better solution - PADGETT CONNECT 

  

PADGETT CONNECT is an easy-to-use business software applications package that is customized for your business. You don't need to be a computer whiz or an accountant to use this product. New users can start entering their records within a � hour of installation on their computer. The package contains the following:

 

  • PADGETT CHEQUEBOOK - Makes bookkeeping simple
  • PADGETT INVOICING - Tracks and reports sales, customers and products
  • PADGETT PAYROLL - Makes paying your employees a breeze and keeps you in control

 

For more information, contact us today about PADGETT CONNECT or visit:

www.padgettconnect.ca 

RemittingGSTHST

Remitting GST/HST on Taxable Benefits 

   

Did you know that GST/HST must be remitted on a taxable benefit unless the benefit is tax exempt or zero-rated, for example the benefit on low-interest loans? An example of a tax benefit that is not exempt includes the automobile standby charge and operating expense benefit. GST/HST must be remitted on shareholder benefits if they fall into Subsection 15(1) and are not tax zero-rated or tax exempt.

 

Read full article 

Padgett Business ServicesPadgett Business Services is dedicated to meeting the tax, government compliance, profit & financial reporting and payroll needs of businesses with fewer than 20 employees in the retail and service sector of the economy. This publication suggests general business planning concepts that may be appropriate in certain situations. It is designed to provide complete and accurate information to the reader. However, because of the complexities of the tax law and the necessity of determining whether the material discussed herein is appropriate to your business, it is important you seek advice from your Padgett office before implementing any of the concepts suggested in this newsletter.