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Blog

Advice and articles from our team leaders, specifically for business owners.
January 15th, 2019

Grow Food, Give Back and Get Credit for it

Kathryn Jones, CPA, CA Provincial tax credit for donating food benefits everyone Are you a farmer who grew a little too much or has space to grow a little extra? Or maybe you raise cows or poultry? If you’re a…

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January 8th, 2019

Building Brighter Futures Through Youth Financial Literacy

Colleen Ellison, Business Advisor, CPA, CA and CGA Colleen Ellison manages to keep pretty busy. Not only is the mother of two a successful business advisor and an accountant with decades of experience, but she’s also a cornerstone member of…

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September 11th, 2018

Outsourcing a CFO – A Great Idea for Private Businesses

Mike Bannerman, CPA, CA CEOs and CFOs aren’t just for the big guys CEO, CFO, COO and CIO. Hear those terms and visions of large, public companies with thousands of staff come to mind. But the truth is, the size…

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August 14th, 2018

New Tax Rules, Income Splitting and the Family Business

Colleen Ellison, CPA, CGA, CA Things get more complex for professionals As you may be aware, the federal government has been working hard to eliminate income-splitting tax benefits where a related family member hasn’t made what they deem a sufficient…

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August 2nd, 2018

Money is About to Start Falling Off the Table!

David Christie, CPA, CGA Make sure you’ve applied for this education grant If you have a child born between 2006 and 2009, you’ll want to read this! In 2015 the British Columbia government introduced the BC Training and Education Savings…

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February 7th, 2018

What Employment Expenses Can You Claim on Your Personal Tax Return?

Shirley McIlroy, Accountant If your employer requires you to pay expenses related to earning your income, you may be able to claim those expenses on your personal income tax return. There are several rules and requirements to understand – and…

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February 1st, 2018

Starting A Small Business? Read These 3 Tips

Colleen Ellison, CPA, CGA, CA A trio of guidelines to keep your new business on track Starting a small business is an exciting, busy and eventful time, with so many things to plan and do. At Presley & Partners, we’ve…

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December 13th, 2017

How to Avoid a CRA Audit

Colleen Ellison, CPA, CGA, CA 9 tips to keep the Canada Revenue Agency happy – and what to do if you do get audited Canada Revenue Agency (CRA) audits are a drag – they’re stressful, time-consuming and they take you…

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October 18th, 2017

The Federal Government Has Declared War on Small Business – and They’re Lying About It

Ann Scott, CPA, FCA, Business Advisor The government’s spin is that they are trying to be ‘fair’ and that these changes only affect the 1% — the rich.  And that’s simply not true. How fair is it for the wife…

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August 23rd, 2017

The Business of Partnerships

Ann Scott, CPA, FCA, Business Advisor There may be 50 ways to leave your lover, but there are only three ways to own a business. The easiest way is to open a proprietorship – and that means just you.  Many…

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