Beyond The Ledger

Expert Perspectives on Modern Accounting

Miles Sweeney Miles Sweeney

The Tax Implications of Employees Working Remotely Abroad

Before granting an employee’s request to telework from another country, employers need to ensure the organization is meeting all its obligations.

Despite the widespread closure of borders, there are more digital nomads than ever – 35 million worldwide. And, with the introduction of vaccination passports and increasing remote work opportunities, a growing number of employees are attracted by the prospect of teleworking from abroad.

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Miles Sweeney Miles Sweeney

Why Year-Round Financial Housekeeping can Help your Business

Meeting regularly with a CPA to establish and maintain a good framework is just one of the ways to set yourself up for success.

Ask any CPA and they will tell you there is no shortage of small business owners who struggle with the ins and outs of their bookkeeping and accounting chores.

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Miles Sweeney Miles Sweeney

The Tax Consequences of Leaving Canada Permanently

From assets and property to personal ties, several factors will affect your taxation, so detailed planning needs to be done in advance of the move.

About three million Canadians currently live outside the country. And many others contemplate making a move at some point in their lives – whether it be to pursue a professional opportunity, return to their home country or relax in a warmer climate.

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Miles Sweeney Miles Sweeney

Four Common Questions About the CRA’s Principal Residence Exemption

CPA expertise can help clients maximize this exemption and minimize taxes when it is time to sell property.

When filing personal income tax returns, how to report a property sale can be confusing and expensive, dependent on value appreciation and the capital gains tax owed. Luckily, under Canada’s Income Tax Act (ITA), the sale of a residence can be exempted from this tax under the Principal Residence Exemption (PRE).

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Miles Sweeney Miles Sweeney

Ask the Right Questions When Hiring Virtually, Pros Say

With remote interviews, many of the cues you would normally use to read a person are lacking. But there are still tactics you can use to help make the right choice.

Even in normal times, selecting the right candidate for a position can be challenging. But, for many organizations, COVID-19 has made the process even more difficult by requiring employers and candidates to adjust to remote interviews that lack the kind of human connection — including direct eye contact and collegial handshakes – that in-person exchanges can bring.

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Miles Sweeney Miles Sweeney

FIRE: What is It, and What Can We Learn From It?

Financial Independence Retire Early, also known as FIRE, is a people-driven movement to earn, save and invest aggressively. The ultimate goal? Being able to leave full-time employment at a much younger age, often in your 30s or 40s.

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Miles Sweeney Miles Sweeney

Federal Budget Tax Changes

Chrystia Freeland presented her first budget as federal Finance Minister on April 19, 2021. This is also the first budget delivered by the minority Liberal government in two years, focusing on finishing the fight against COVID-19 and building recovery from the pandemic recession. Key tax changes announced in the budget, other than those dealing with COVID-19 support, are summarized below.

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Miles Sweeney Miles Sweeney

Data Privacy and Security: What you Need to Know

No matter what type of data your organization retains, it is most likely worth securing. Protecting data is no longer just a technical discussion, but requires dedicated coordination between many different areas of an organization.

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