Good Things Happen
When We Work
Together
20
Years Experience

To Us, Tax is Personal
When you choose to work with us, you’ll not only realize there’s a brighter horizon ahead – you’ll gain the certainty of the next step towards it.
What We Do !
Corporate Tax & Tax Planning
Frequently Asked Questions

Should I hire an accountant?
Many business owners wonder if hiring a professional designated accountant to handle their accounting is the right choice for them. Doing so makes processes such as applying for loans or filing for taxes less daunting, with the benefits of professional expertise on your side. Designated accountants are also bound by professional bodies, giving you exceptional confidence in the standard of service you will receive.
What records should I keep?
Your financial records are crucial for tracking deductions, projecting cash flow, and other important actions. We are able to recommend a variety of checklists and software to assist with this, but as a business owner, at a minimum you should keep records of:
- your balance sheet, listing your business assets, liabilities and equities; and
- income statements, consisting of your business’s income and expenses.
How you choose to finance your business depends on the needs and current financial situation of the business itself. Some options include:
- equipment financing, loans, or leases used to purchase business equipment;
- a business line of credit – a limited cash supply available to borrow against, which functions similarly to a credit card but usually carries lower interest rates;
- loans, including short-term loans, term loans, etc. The type of loan the business uses should depend on what is being financed;
- invoice financing, or “factoring”, which supplies instant payment for outstanding client invoices through a third-party vendor;
- angel investors, i.e., individuals who provide capital in exchange for ownership equity or convertible debt; and
- venture capital or private equity, provided to businesses with projected growth.
How can I prepare for personal tax season?
When tax season arrives, it helps to be as prepared as possible. Throughout the year, you can make the process easier by maintaining records on business expenses you might claim on your tax return. For instance, if you’re running your business from home, you can claim deductions like home office and expenses relating to your business. Staying up-to-date on the bookkeeping of the business throughout the year is ideal.
What software can assist with bookkeeping?
This is a question we hear often, and though we have used many different software sets, we don’t have a favourite. The most common ones in our office consist of spreadsheets to tally income and expenses (we can provide a template if you like): QuickBooks Online, Xero, Sage, Wave, etc. The important thing is to choose a software or product that works best for your business’s needs – do you need to track receivables or payables? How about tracking inventory? Will you be completing payroll for your staff? Questions like these will help you find the method and tools that work best for your specific business needs.
How do I pay myself out of my business?
This question is more nuanced and difficult than it seems, and the answer can vary a great deal depending on your situation and long-term goals. Are you incorporated or a proprietorship? How does your business tie into your retirement plans? What are your preferences for payment and saving? These should be discussed in detail with your accountant each year to ensure your income is done in the best way for you at particular stages of your life.
200 K
Tax Returns Handled
1500
Individual clients served
700
Audits assisted by us
Thank you for your diligent and hard work. It has been a very good transition from our previous accountants to Misura and we are happy to know we are in good hands. Once again, thank you for your professional and top-quality work. It makes my life a lot easier.
Valerie
Nicole, this is to say a huge THANK YOU for getting us through our audit. We very much appreciate you and all the hard work you did. Wishing you a very Merry Christmas!! Enjoy!!
Bev and Del
Del & Bev TeichroebSo, who in their right mind would ever get excited about visiting their accountant? Well, this guy right here does, and I’ll tell you why – because she takes care of me and my accounting! Nicole is the third – and last – accountant I will ever hire. She’s a no-nonsense business woman who gives it to you straight, but is also very caring and compassionate. She gives you the road map you need to get your taxes in order. She gave me the information I needed to help me determine whether incorporating was right for me. I feel more confident than I ever have about taking my business to the next level of inevitable success that is coming my way. With the help of her and her team, I know that they will help mold and share in my success as well. I would very highly recommend Misura Berteit Professional Corporation for all your tax needs.
Patrick
Reach Out
Contact Us
Fax: (403) 568-4381
Email: info@misura.ca
Office: 120- 3225 12th St. NE
Calgary, AB T2E 7S9