The Padgett Awards Night was on November 18, 2014

The Padgett Awards Night was on November 18, 2014. I am pleased to announce that I received several Awards:

2014 Leaders Club

This award is for the top 10 offices in Canada

All Star Team 2014

This award is for the top office owners in Canada. The Office Owner of the Year is selected from this group.

2014 Office Owner of the Year

This is the top award in Canada.

Vickers Award 2014

I received the Vickers Award for outstanding revenue growth.

Padgett Annual Tax Update Seminar

November 17 to 19 I attended the Padgett Annual Tax Update Seminar in Montreal. Margaret Riggin has been leading the tax seminar for a number of years. Margaret Riggin, CPA, CA is one of Canada’s top tax accountants and has been a frequent instructor and lecturer for York University and the Chartered Professional Accountants of Ontario

I always get a lot from these seminars and the discussions afterwards.

HOW TO START A SMALL BUSINESS IN ALBERTA

HOW TO START A SMALL BUSINESS IN ALBERTA

So you want to start a small business now what. First decide if you want to be a sole proprietor, have a partnership, or a corporation. You may not be familiar with the terms and the legal relationship so I will discuss each briefly in the following document:

HOW TO START A SMALL BUSINESS IN ALBERTA – PART 1 – LEGAL SETUP OF A BUSINESS

If you have a corporation you need to register the corporation for a business number but not necessarily for GST. Even a sole proprietor or partnership may need a business number. The following document provides some explanation:

PART 2 – REGISTRATION WITH CRA AND GST

When you hire employees you have additional obligations. First you need a payroll account with CRA (Canada Revenue Agency). See Part 2 for details of registration. There is a potential trap with hiring subcontractors. The following document provides additional information:

PART 3 – WHAT TO DO WHEN I HIRE EMPLOYEES OR SUBCONTRACTORS

The next part discusses how to keep records and how long they need to be kept and in what format:

PART 4 – RECORD KEEPING

How do you pay yourself is a question I get quite often. There are tax and other consequences. The following document describes some the of basics:

PART 5 – PAYING YOURSELF