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	<title>ca4it</title>
	<link>http://ca4it.com</link>
	<description>Accounting Services for IT Contractors</description>
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		<title>Online Accounting Tools for Small Businesses (Part I)</title>
		<description><![CDATA[In a colossal world of high-tech accounting options available for small businesses, we grilled them down to two of what we think are the best options for cloud lovers: Wave and Xero. In Part I of this blog series, we talk about how the advantages (and limitations) stack up for Wave Accounting.]]></description>
		<link>http://ca4it.com/news/online-accounting-tools-part-1</link>
			</item>
	<item>
		<title>Business Coaching</title>
		<description><![CDATA[Many people choose the direction of becoming an entrepreneur and having ultimate freedom in their lives. However, with the myriad of choices and freedoms come a variety of challenges that are often overlooked and ignored. Some are not always positive and may even be self-destructive.]]></description>
		<link>http://ca4it.com/news/business-coaching</link>
			</item>
	<item>
		<title>Benchmarking Towards Success</title>
		<description><![CDATA[Imagine you have received your results for the first quarter of this year and it appears that your sales and productivity have improved significantly from last quarter.  But how significant is it compared to how well others are doing in the same industry as you?]]></description>
		<link>http://ca4it.com/news/benchmarking</link>
			</item>
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		<title>The Real Reason Why You Should Prepare A Personal Budget</title>
		<description><![CDATA[Everyone thinks that the key to budgeting is to save money and cut your spending. But as a small business owner, the real reason is to understand the types of expenses in your budget that you are rightfully entitled to deduct. These types of ‘hidden’ expenses are usually undiscovered because they may have never been discussed with an accountant before. ]]></description>
		<link>http://ca4it.com/news/budget</link>
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		<title>Audit Representation Protection</title>
		<description><![CDATA[One of the most dreaded terms you’ll ever hear in the history of small businesses and sole proprietors is the CRA audit. With the rise of CRA audits conducted per year, it is likely that small businesses will be subject to an audit at least once (if not more) throughout the life span of the business.]]></description>
		<link>http://ca4it.com/news/audit-representation-protection</link>
			</item>
	<item>
		<title>What&#8217;s new for 2011</title>
		<description><![CDATA[We list the major personal tax changes below, including income tax changes that have been announced but have not become law at this time. If they become law as proposed, they will be effective for 2011 or as of the dates indicated.]]></description>
		<link>http://ca4it.com/news/2011-personal-taxes</link>
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	<item>
		<title>What are the important tax deadlines I should remember?</title>
		<description><![CDATA[The following are important deadline dates to watch for (be sure to mark these down in your calendar) When the deadline falls on a Saturday, Sunday, or public holiday, CRA will consider the return/ payment filed on time if they receive it on the first business day after the deadline:]]></description>
		<link>http://ca4it.com/news/tax-deadlines</link>
			</item>
	<item>
		<title>RRSP vs TFSA for Independent contractors</title>
		<description><![CDATA[The deadline for RRSP and TFSA are fast approaching (Feb 29, 2012) and many of our clients want to know whether it is more beneficial to contribute to an RRSP  or TFSA.  While the two investment vehicles are completely different they both have benefits.  Before we determine which path is best it is worthwhile to understand the pros and cons of each ]]></description>
		<link>http://ca4it.com/news/rrsp-vs-tfsa-for-independent-contractors</link>
			</item>
	<item>
		<title>Source Deductions For CA4IT Clients</title>
		<description><![CDATA[In most situations ca4it clients declare a bonus to directors of the corporation only once a year (typically on December 31). Throughout the year Directors may access funds from the corporate bank account to pay for expenses on behalf of the organization. However, the tax planning is done once a year during the review meeting and a one time bonus is paid. This means that source deduction only need to be paid once a year (either January, 3, 10 or 15 depending on your Remitter type). This is different from many other firms that would declare a salary on a monthly basis and requires monthly sourced deduction remittances.

 

]]></description>
		<link>http://ca4it.com/news/source_deductions</link>
			</item>
	<item>
		<title>Understanding Source Deductions</title>
		<description><![CDATA[As a corporation, you have to remit the CPP contributions, the EI premiums, and income tax deducted from your employees' income, along with your share of CPP contributions and EI premiums.

These deductions, along with the remittance form, must be received by CRA on or before your remittance due dates. Due dates vary depending on the type of remitter you are.
]]></description>
		<link>http://ca4it.com/news/source-deductions</link>
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