MC Professional Accountant CPA
4714 1 Street SW, T2G 0A2 Calgary, AB, Canada

India’s covid-19 crisis has spiralled out of control The region is recording four times as many cases today as it was at the peak of the first wave https://www.economist.com//indias-covid-19-crisis-has-spir

Move over, bitcoin. Ethereum is at an all-time high New York (CNN Business)Bitcoin prices continued their rebound Monday, rising about 4% to nearly $59,000. But the world's largest cryptocurrency has been overshadowed lately by its younger sibling, Ethereum. https://www.cnn.com//ethereum-bitcoin-record-hi/index.html

Treasury Expects to Borrow $1.3 Trillion Over Second Half of Fiscal 2021 WASHINGTONThe U.S. plans to borrow nearly $1.3 trillion over the next two quarters as federal spending picks up following the Covid-19 relief package enacted in March, the Treasury Department said Monday. https://www.wsj.com//treasury-expects-to-borrow-1-3-trilli

Opinion: To what extent will working from home continue? A new working paper from the Becker Friedman Institute at the University of Chicago concludes based on a series of surveys during 2020 and early 2021 that working from home will play a significant role going forward. https://www.marketwatch.com//to-what-extent-will-working-f

The stock market is ‘inching toward euphoria’, warn analysts at BofA Fear that the equity-markets are getting a bit too ebullient is starting to emerge in a number of research reports as stocks trade near record levels. https://www.marketwatch.com//the-stock-market-is-inching-t

MARKET INSIDER Stocks making the biggest moves after the bell: Amazon, Twitter, Gilead Sciences & more https://www.cnbc.com//stocks-making-the-biggest-moves-afte

The Canada Revenue Agency Is Ramping Up Its Services Ahead Of Tax Time 2021 It say this will be a tax season "unlike any other." https://www.narcity.com//canada-revenue-agency-is-ramping- #YYC #Taxtime

Did you recently renovate your house to make it more accessible? You may be able to claim your expenses. Find out more about the home accessibility tax credit: http://ow.ly/mPjP50DdPKG #CdnTax

Don’t risk your health and the health of others if you are sick or think you may have COVID-19. Apply for the CRSB and get income support for up to 2 weeks. Your job is protected and will be there when you get back. https://bit.ly/2KVGu9m

The CRA Has Revealed The Most Common Mistakes Canadians Make At Tax Time https://www.narcity.com//tax-help-canada-these-are-the-mos

Social media-driven trading frenzy has tax implications https://www.theglobeandmail.com//article-social-media-dri/

CERB recipients should 'try not to get too scared' at tax time, accountant says https://ottawa.ctvnews.ca/cerb-recipients-should-try-not-to

Our Vision MC Professional Accountant will strive to continuously improve the quality of professional services and will produce relevant reports for our clients in accordance with the Income Tax Act, Assurance and Accounting Standards.

Mission Statement MC Professional Accountant is a Chartered Professional Accountant (CPA) firm of trusted, skilled professionals dedicated to serving the public, businesses and the government agencies. These stakeholders value our services because of our commitment to high ethical, business and accounting standards.

US Estate Taxes for Canadians owning US properties Canadian residents (who are not US citizens) may be subject to US estate tax if they die owning certain US assets, such as shares in US corporations and US real estate. Unlike Canadian taxes at death, US estate tax is applied to the fair market value of the assets subject to the tax rather than the accrued capital gain on the property. For NRAs, US estate tax is imposed on the fair market value of US situs property. Learn more https://mcprofcpa.com/estate-tax-planning/

Do you need to register to collect GST? Here are some helpful guidelines. https://www.canada.ca//gst-hst-b/when-register-charge.html

A CPA, or Certified Public Accountant, is a trusted financial advisor who helps individuals, businesses, and other organizations plan and reach their financial goals. Heres more about what a CPA does: https://youtu.be/rCyHKKI_aaM

Heres some more feedback from one of our wonderful clients. *FIVE STARS* Being a dual citizen in the US and Canada makes filing taxes somewhat cumbersome, especially when tax software is involved. I went to Phil and his company to resolve tax issues with the CRA and he was able to walk me through the issue I was experiencing. Phil took the time to understand my situation, explain to me (in professional layman's terms) why the situation was happening, and resolve the issue quickly and efficiently. Phil and his team are a wealth of knowledge and they do not charge you an arm and a leg to resolve tax issues. I fully recommend Phil and his team. -- Isabelle R.

Canada's Scientific Research and Experimental Development provides more than $3 billion annually to over 20,000 businesses operating in the country, in the form of tax incentives, to encourage Research & Development. http://www.mondaq.com//canadian-scientific-rd-tax-incentiv

Our team holds CPA designations for both Canada and US with a variety of other professional accreditations. We are bound by a stringent code of professional ethics and anchored by: objectivity, integrity, and quality, insightful and customized solutions through adding value to our clients at more reasonable rates.

Here are the latest updates from the Federal Government, including updates regarding the online CRA access issues with: Represent a Client account, My Account or My Business Account. https://www.cpacanada.ca//p/2020/march/cra-covid19-updates

It is difficult to imagine counting without numbers, but there was a time when written numbers did not exist. The abacus was originally used by merchants who needed to keep track of goods they bought and sold. Here's a fun article about the history of the device. ... https://www.ee.ryerson.ca/~elf/abacus/history.html

Here are some resources (via our website) to help you keep up-to-date with business tax, payroll, and personal taxation. There are specific links for Canada and The U.S. https://mcprofcpa.com/resources/ Want to know more?... Request a consultation from one of our accounting professionals on topics ranging from personal tax returns to business accounting and cross-border tax questions.

Here is a list of the top mathematicians that changed the world spanning from the ancient Greeks through the eighteenth century, from Business Insider. https://www.businessinsider.com/12-classic-mathematicians-2

The proof is in the pudding. Heres a five-star Google review from our client Dave Hicks: Many thanks to Phil and his team for a great job. I originally had my Tax Returns prepared by a well-known Tax Prep company and was told I had to pay Canadian Tax. I'm a British Management Accountant and my Canadian Tax knowledge is limited but was very surprised as I pay full taxes in the UK and hadn't even worked in Canada that year so I had Phil review it. Result: no Tax due. Well worth it UPDATE 2020/03/03 $12,000 tax owed is now $3.25. BRILLIANT! :-)

Accountants possess crucial skills that can make or break a businesss ability to succeed. But exactly what makes a good accountant? https://www.foundationeducation.edu.au//what-makes-a-good-... #businessbasics #success

Looking to take advantage of the weather and get out and about in and around Calgary this weekend? Here is a listing of the top 15 hikes in our area. https://www.todocanada.ca/15-fall-hikes-to-see-golden-lar/ #discoveralberta

Planning for the transfer of assets on death requires careful consideration of the tax consequences that may arise at such time.

Our goal is to help you mitigate your tax liabilities through efficient tax planning and advice that will see your business grow.

Are you in need of a cross-border tax specialist? Many companies get nervous about issues involving the IRS due to lack of knowledge about cross border tax issues.

For all those accounting students going back to school tomorrow, I'm sure you'll appreciate this.

Our goal is to enhance the prosperity and success of our clients through relevant advice and minimization of tax liabilities. Looking for a consultation? Contact us here: https://mcprofcpa.com/contact/

With a wealth of combined experience which total more than 20 years in Canadian and USA GAAP and taxation, MC Professional Accountant has the knowledge and experience to comprehensively service your domestic and cross border accounting and tax needs. https://mcprofcpa.com/

Our cross-border trained team delivers quality Canadian and American accounting and taxation services for both individuals and business. https://mcprofcpa.com/

Great Recession lessons: 6 personal finance takeaways that still apply... https://www.theglobeandmail.com//article-great-recession-/

5 Tips To Manage Personal Finance While Traveling... https://www.forbes.com//5-tips-to-manage-personal-finance/

Personal Finance 101: The complete guide to managing your money... https://www.cnbc.com//personal-finance-101-the-complete-gu

We deliver because we are the sum of our individual team members training and experience which are well-suited for each clients purpose and goals. https://mcprofcpa.com/

A Retirement Readiness Checklist.. https://www.morningstar.ca//a-retirement-readiness-checkli

There is a way your kids can inherit your OAS and CPP... https://www.thespec.com//there-is-a-way-your-kids-can-inhe

We work with our clients to ensure their accounting needs are met professionally, on time, every time. Request a consultation here; https://mcprofcpa.com/contact/

At MC Professional Accountant we can help you in the following areas: - International & US Corporate Tax Issues - Transfer pricing - Corporate reorganizations for both domestic and international businesses... And more! Learn about our services here: https://mcprofcpa.com/

Request a consultation from our accounting professionals on topics ranging from personal tax returns to business accounting and cross-border tax questions. https://mcprofcpa.com/contact/

MC Professional Accountant is bound by a stringent code of professional ethics and anchored by: objectivity, integrity, and quality. Learn more about our business accounting services: https://mcprofcpa.com/business-accounting-assurance-servic/

How the pandemic could cost you some of your CPP retirement benefits... https://www.theglobeandmail.com//article-how-the-pandemic/

Our clients include small-to-medium sized enterprises, individuals, and Not-for-Profit Organizations. Our goal is to enhance the prosperity and success of our clients through relevant advice and minimization of tax liabilities. https://mcprofcpa.com/

Baby Steps for Reducing Risk... https://www.morningstar.ca//baby-steps-for-reducing-risk.a

For those businesses that do not require a full-time accountant or bookkeeper, we provide the necessary services to complement the abilities of your internal accounting staff. https://mcprofcpa.com/

MC Professional Accountant will strive to continuously improve the quality of professional services and will produce relevant reports for our clients. In need of an accountant? Comtact us here: https://mcprofcpa.com/contact/

10 Steps to Achieve Financial Freedom... https://money.usnews.com//steps-to-achieve-financial-freed