Crystal Cahill is responsible for the social media and marketing of Cahill Professional Accountants. She is married to Cahill Pro partner Jordan Cahill, and together they have a three year old son and a daughter on the way. Crystal completed her Bachelor of Arts Degree at Simon Fraser University in English, and has an Education Degree and teaching certification. She enjoys keeping our clients updated on new accounting practices, upcoming tax deadlines, and news & events within the Cahill Pro office & staff.
Our firm was recently added to the Canada CPA Firm Directory. You can access the information here:
With this listing you can find more information about some of the Vancouver industry sectors we handle, the services we offer, and the variety of languages spoken by our staff. Along with these services, below are some questions we have been asked lately about what we do here at Cahill Pro!
Frequently asked questions:
Q:I have a new, small business. Do you assist very small businesses just starting out?
A: Yes! We can provide bookkeeping services, as well as provide advice about what small business owners can claim at tax time.
Q: I oversee a non-profit charity organization in North Vancouver, and we are looking for some information for this upcoming tax deadline. Do you assist charities?
A: Yes! We have clients that are involved with not-for-profit and charitable organizations, and would be happy to assist you.
Q: I recently had a close relative pass away, and I am now in charge of their estate. Do you provide help with estates & trusts?
A: Yes! We can certainly provide advice and assistance with the dealing of estates, trusts and tax planning.
To our small business clients: do you understand the IT risks that face Canadian small businesses? CPA Canada provides a great resource- free of charge- for small businesses who may need help preventing and preparing against technology-related risks. It gives some great practical strategies to improve your IT security and safeguard important online data. This is an excellent reminder to small business owners of the issues & risks that can arise related to technology, and provides recommendations for prevention and trouble-shooting.
You can download the PDF from the CPA website here.
Some of the great tips in this resource include:
Having a business continuity plan
Needing effective management of IT vendors
Actively managing the security of data
Updating anti-virus & anti-malware
Considering & Preventing cyber threats
Creating IT Risk Mitigation strategies
Source: CPA Canada Wesbite
Beginning in January 2017, an annual "Empty Homes Tax" will be applied annually to homes that are deemed to be empty in the city of Vancouver. Many people will not have to worry about this tax, as it will not apply to those owners who reside in their homes full-time or who have long-term renters. To see if this tax applies to you, the City of Vancouver has created a simple questionnaire:
There are many exemptions to this tax, however in some cases, owners must submit evidence to the city in order for them to be exempt. For example, if you are currently undergoing large renovations and are not living in your home, your property has been subject to rental restrictions recently, or ownership of the property has recently changed, you will need to provide specific evidence to the city promptly.
Other cases that are eligible for exemption, granted the correct information is provided, include:
- Your home is being used for a minimum of six months of the year for work purposes within the City of Vancouver, but you claim your principal residence elsewhere.
- You or your tenant is receiving long-term, in-patient medical or supportive care.
- The owner is deceased and a grant of probate or administration is pending.
- Your property is under a court order prohibiting occupancy.
- The property's use is limited to vehicle parking, or the shape, size, or other aspect of the property precludes the ability to construct a residential building.
The City of Vancouver website provides this list, along with all the necessary information to submit evidence for exemption, on their website.
If you are concerned about how this will affect you and your current property, our team at Cahill Professional Accountants will be happy to answer any questions you might have.
Our CPA's Jordan Cahill and Matthew Jacquet attended the National CPA Conference held at the Vancouver Convention Centre. This gave both Jordan and Matthew an opportunity to attend keynote addresses and various sessions to stay current on all things business and accounting related! Below are just some of the key things that Jordan and Matthew brought back to the North Vancouver office last week:
- They gained new information regarding retirement, especially in reference to people who begin thinking about retirement later in their careers.
- They learned about how new 2016 budget changes and tax changes might have an affect on their clients.
- They gathered some new tips on producing financial statements for their clients that are easier to understand.
Jordan and Matthew networked with many professionals in various areas of Canadian business, and enjoyed meeting local business owners.
Attending conferences like these is just one way that Cahill Proffesional Accountants stays current and on top of new opportunities to better serve their current and new clients.