If your business is incorporated, the responsibility for liability lies with the corporation, which is a separate legal entity and treated as an individual. No one can touch your personal assets, just those of the corporation. Contact your attorney for sp...

If your business is incorporated, the responsibility for liability lies with the corporation, which is a separate legal entity and treated as an individual. No one can touch your personal assets, just those of the corporation. Contact your attorney for sp...

You may be able to claim the tuition tax credit if you attended certain educational institutions. Under certain conditions, students can now include fees paid to a post-secondary educational institution for courses to obtain or improve skills in an occupa...

You may be able to claim the tuition tax credit if you attended certain educational institutions. Under certain conditions, students can now include fees paid to a post-secondary educational institution for courses to obtain or improve skills in an occupa...

Here is a hard, cold fact: Many business owners, especially if they’re start-ups, know little or nothing about the ins and outs of tax planning or compliance. Versatile accounting qualified accountant can be invaluable at this time in getting things righ...

As small business accountants in Calgary, we also identify opportunities that will help minimize long term tax burdens, review the benefits and effectiveness of proper business structures, and provide advice to you – our corporate and business clients, on...

As small business accountants in Calgary, we also identify opportunities that will help minimize long term tax burdens, review the benefits and effectiveness of proper business structures, and provide advice to you – our corporate and business clients, on...

A balance sheet is the only one of the four statements that show results as of a specific date, not a time period. It records assets, liabilities, and ownership equity. A statement of changes in equity shows changes from one time period to the next, inclu...

Not-for-profit organizations are different from for-profit enterprises in several ways. At Versatile, we understand these differences and make it our mission to help you succeed in dealing with the opportunities and challenges of your particular circumsta...

As a Calgary accounting firm, many of our clients ask tax tips and questions to help them save money on taxes. The Canada Revenue Agency gets a lot of similar questions and they have answered them through various helpful articles which we are happy to sha...