SBQS

🌟 We at SBQS Ltd are proud to have been a Silver Sponsor of the Sherwood Community Association Multicultural Festival 2025! 🎉

It was an amazing opportunity to celebrate diversity, connect with the community, and be part of such a vibrant cultural event. 💙

A big thank you to Sherwood Community Association for organizing this wonderful festival and to everyone who joined in making it a memorable day! 🙌

Myth: Filing taxes late isn’t a big deal.

Truth: You could face penalties even if you’re getting a refund.
File on time!

https://youtu.be/qJXY-fl5sTI?si=L32lzadQc6eXfX33

CRA Audit Triggers 2025: Tax Saving Tips for Self-Employed and Contractors in Canada As a self-employed individual, freelancer, or incorporated contractor in Canada, managing your taxes in 2025 is essential for keeping your hard-earned money ...

Hello Business Owners! Want to keep your books audit-ready? Here’s how to ensure your finances stay in top shape:

✅ Organize Receipts & Invoices: Keep everything neatly filed and easily accessible for when you need it.
✅ Use Accounting Software: Streamline your financial tracking and ensure accuracy with digital tools.
✅ Reconcile Bank Statements Regularly: Make it a habit to match your records with your bank statements to catch discrepancies early.
✅ Document Every Transaction: Clear, detailed records help prevent confusion during audits.
✅ Stick to a Consistent Bookkeeping Schedule: Regular updates keep your books accurate and easy to manage.
✅ Stay Up-to-Date on Tax Regulations: Keep informed on changes to tax laws to remain compliant.
✅ Back Up Your Data: Protect your financial records with secure backups to avoid data loss

Call now to connect with business.

🎄✨ Merry Christmas from Your Calgary Tax Experts! 🎅🎁

Wishing you and your loved ones a joyful holiday season filled with peace, happiness, and warm memories. As we look ahead to the new year, we’re here to help you prepare for a stress-free and successful tax season.

Thank you for trusting us with your tax needs. Here’s to a Merry Christmas and a prosperous New Year!

🎉 Stay safe, stay warm, and enjoy the holiday magic! 🌟

Warm regards,
Mona Kabir | Accountant

🚨 Get Ready for Tax Season! 🚨

The upcoming tax season is fast approaching, and now is the perfect time to prepare. Whether you're an individual, self-employed, or run a business, we’re here to ensure your tax filing is smooth and stress-free.

💡 Why wait? Take advantage of our expert services early and avoid the last-minute rush. We’ll work with you to optimize your tax situation and make sure you get the best return possible.

Special Offer: Book your appointment now and enjoy a discount on tax filing services when you schedule before February 10, 2025!

Don’t let tax season catch you off guard—contact us today and let’s get started! 📞💼

What You Need to Know About Tax Season 2024

Tax season 2024 is approaching, and it's important to stay informed. Be aware of any changes to tax laws, deadlines, and deductions that may impact your filing. Whether you're filing personally or for your business, make sure your documents are in order to avoid delays or penalties. Get ahead this year—contact us for expert tax filing assistance!

Federal Tax Bracket Rates for 2024
According to the Canada Revenue Agency (CRA, these are the federal tax rates for tax year 2024:

15% on the first $55,867 of taxable income
20.5% on taxable income over $55,867 up to $111,733
26% on taxable income over $111,733 up to $173,205
29% on taxable income over $173,205 up to $246,752
33% on any taxable income over $246,752

Provincial/territorial tax bracket rates 2024

Alberta:
10% on the first $148,269 of taxable income
12% on taxable income over $148,269 up to $177,922
13% on taxable income over $177,922 up to $237,230
14% on taxable income over $237,230 up to $355,845
15% on taxable income over $355,845

Tax Planning for Individuals: Start Early!

Start planning ahead to make filing your tax return next year simpler and more efficient. Tax planning should be a year-round focus. If you own a business or have substantial wealth, it's essential to consult with a Accountant, CPA or Tax specialist or a Tax lawyer for professional advice. Remember, tax planning should never be left to the last minute.