TaxAssist Accountants Sherwood Park

TaxAssist Accountants Sherwood Park TaxAssist Sherwood Park is your trusted partner for accounting, bookkeeping, and tax solutions

Want to be a landlord? Make sure you understand the tax rules first 🇨🇦🏠In Canada, rental income is taxable and must be r...
07/03/2026

Want to be a landlord? Make sure you understand the tax rules first 🇨🇦🏠

In Canada, rental income is taxable and must be reported to the CRA each year. You can deduct expenses like mortgage interest, property taxes, insurance, repairs, and management fees, but knowing what qualifies (and what doesn’t) is key.

You’ll also need to keep proper records, file the right forms, and plan ahead for capital gains tax when you sell.

Being a landlord can be profitable, but only if you understand the tax side from the start.

Have questions about rental taxes or getting started? Contact us today: https://www.taxassist.ca/contact.

☀️ Mid-Year Financial Check-Up for Small Business OwnersCan you believe we're already halfway through the year?Now is th...
06/30/2026

☀️ Mid-Year Financial Check-Up for Small Business Owners

Can you believe we're already halfway through the year?

Now is the perfect time to pause and review your business finances before the busy months ahead. A mid-year financial check-up can help you identify issues early, improve cash flow, and keep you on track to reach your year-end goals.

Here's your mid-year checklist:

✅ Bring your bookkeeping up to date
✅ Review your income and expenses
✅ Follow up on unpaid invoices
✅ Separate business and personal expenses
✅ Review your cash flow and budget
✅ Make sure you're prepared for upcoming tax obligations

Taking a few hours now can save you time, reduce stress, and prevent costly surprises later.

Need help getting your books back on track? Our team is here to help with bookkeeping, accounting, and tax support so you can focus on growing your business.

📞 Book your FREE consultation today! https://www.taxassist.ca/contact.

Running an online business means wearing all the hats: managing your books, handling clients, hiring staff, and even tak...
06/10/2026

Running an online business means wearing all the hats: managing your books, handling clients, hiring staff, and even taking yourself on a mental health walk because you’ve been glued to your desk for way too long.🚶‍♂️✨

It’s fast-paced, rewarding… and sometimes, a lot.

The last thing you need is bookkeeping and accounting adding to the pile.

At TaxAssist, we helps keep your finances organized and under control, so you can focus on growing your business, and actually taking that walk whenever you need it.

📞 Contact us today to learn more: https://www.taxassist.ca/contact.

Staying compliant with the Canada Revenue Agency is essential for avoiding penalties, maintaining good standing, and kee...
06/07/2026

Staying compliant with the Canada Revenue Agency is essential for avoiding penalties, maintaining good standing, and keeping your business operations running smoothly.

Here are a few key ways to ensure your business stays on track:

1. Keep accurate and up-to-date records: Track all income, expenses, invoices, and receipts consistently. Organized records make filing and audits much easier.
2. Understand your tax obligations: Know what applies to your business - income tax, GST/HST, payroll deductions, and filing deadlines.
3. File and remit on time: Late filings or payments can result in interest and penalties. Set reminders or automate where possible.
4. Separate business and personal finances: Use dedicated accounts to avoid confusion and simplify reporting.
5. Work with a professional if needed: A bookkeeper or accountant can help you stay compliant and reduce costly mistakes.

Staying CRA compliant is all about about building a stronger, more stable business foundation.

🚀 Need help staying on top of your CRA obligations? Connect with us to make tax compliance simple and stress-free: https://www.taxassist.ca/contact.

📈 Signs You’ve Outgrown Your DIY AccountingAt first glance, managing your own books might have saved money. But as your ...
05/23/2026

📈 Signs You’ve Outgrown Your DIY Accounting

At first glance, managing your own books might have saved money. But as your business grows, DIY accounting can start costing you more time, stress, and even missed opportunities.

Here are a few signs it may be time for professional support:

1. You’re always behind on bookkeeping
2. Tax season feels like a pain every year
3. You’re unsure where your cash flow is going
4. You spend more time on admin than growing your business
5. You’re making business decisions without clear financial reports

So what should you do?

✅ Get organized before problems pile up
✅ Set up proper bookkeeping systems
✅ Work with an accountant year-round, not just during tax season
✅ Focus your time on running and growing your business

At the end of the day, good accounting is all about having the clarity and support to make smarter business decisions.

Tax season may be over, but our support is not. At TaxAssist, we continue to assist clients year-round with bookkeeping, accounting, and ongoing financial inquiries. Contact us now to book your free, no-obligation consultation: https://www.taxassist.ca/contact.

🚨 Freelancer and Self-employed Tax Deadlines to Remember in Canada 🇨🇦If you’re self-employed or freelancing, these dates...
05/11/2026

🚨 Freelancer and Self-employed Tax Deadlines to Remember in Canada 🇨🇦

If you’re self-employed or freelancing, these dates matter:

📌 June 15, 2026: Tax filing deadline for self-employed individuals
📌 Quarterly GST/HST deadlines may also apply
📌 Installment payments can be due: March 15, June 15, September 15, December 15

Staying ahead of deadlines helps avoid penalties and interest charges.

Need help managing your freelance taxes? Contact your local TaxAssist Accountants accountant today: https://www.taxassist.ca/contact.

🚨 Today’s the deadline.If you haven’t filed your taxes yet, don’t panic, but don’t wait either.✔️ File your return, even...
04/30/2026

🚨 Today’s the deadline.

If you haven’t filed your taxes yet, don’t panic, but don’t wait either.
✔️ File your return, even if you can’t pay right away
✔️ Use accurate numbers (no guessing)
✔️ Report all income

Filing late can cost you more than you think.
Need help last-minute? We’ve got you.

👉 Reach out to your local TaxAssist accountant today - we still have a few spots available. Book now! https://www.taxassist.ca/contact

Think doing your own accounting saves money? It might not. 💭What feels like saving a few hundred dollars can quickly tur...
04/28/2026

Think doing your own accounting saves money? It might not. 💭

What feels like saving a few hundred dollars can quickly turn into:
-missed tax breaks
-costly mistakes
-and hours of your time you won’t get back

Most people don’t lose money because they file incorrectly; they lose money because they don’t realize what they’re missing. And when the Canada Revenue Agency gets involved, small mistakes can become bigger problems.

🚫 Avoid the “false savings” trap. Real savings come from getting it done right the first time. ✅

If you want to keep more of what you earn, it may be time to rethink DIY. Our team at TaxAssist Accountants Canada can share practical tips to help you save more, and support you if anything needs fixing. Contact us today to file last minute: https://www.taxassist.ca/contact.

⏰ Running out of time? Take a breath, you just need a plan.Here’s how to stay on track, even at the last minute:1. Submi...
04/21/2026

⏰ Running out of time? Take a breath, you just need a plan.

Here’s how to stay on track, even at the last minute:

1. Submit your return, even if you can’t pay yet: Filing late triggers penalties faster than unpaid balances do.

2. Stick to verified numbers: Avoid estimating. Use your official slips and records to prevent corrections later.

3. Include every income stream: Freelance work, side hustles, investments missing income can lead to CRA follow-ups.

4. Don’t overlook credits and deductions: Things like medical expenses, donations, and home office costs can make a real difference.

5. Expect slower processing close to the deadline: Last-minute filings are more likely to face delays, especially if anything needs review.

6. If you’re unsure, get support now: Fixing errors after filing is usually more time-consuming and costly.

Contact us now and let us take the stress out of last-minute tax filing: https://www.taxassist.ca/contact. 💸

Our team at TaxAssist Accountants is ready to get everything done on time, so you can sit back, relax, and enjoy the sunshine this April. ☀️

Don’t wait, get the refund you deserve 💰The longer you put it off, the longer your money sits with someone else. File no...
04/20/2026

Don’t wait, get the refund you deserve 💰

The longer you put it off, the longer your money sits with someone else. File now, claim what’s yours, and move forward with confidence.

Your future self will thank you.

File now with one of our local TaxAssist Accountants: https://www.taxassist.ca/locations.

Address

100, 960 Emerald Drive
Sherwood Park, AB
T8H0L2

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