WINNIPEG, Manitoba: Compass Accounting, located in central Winnipeg at 605 Erin St, is proud to save its clients money by helping them understand and maximize their tax deductions. The professional accounting firm is aware that one of the main reasons clients turn to it is because it can help companies free up cash for future reinvestment. One important strategy? Taking full advantage of the Enhanced Capital Cost Allowance (CCA) for businesses.
Compass Accounting is a Winnipeg-based accounting firm that specializes in helping small businesses in Manitoba and beyond increase their value. It’s committed to educating its clients on how to get the most out of financial reports, remain tax compliant, and implement efficient systems year-round.
Karen Hallson-Kundel (CPA, CGA, CBV) is the principal of Compass Accounting. With a financial background in industries ranging from manufacturing to agri-business, she’s passionate about her role in helping small businesses succeed. Compass Accounting provides high-quality accounting services to all of its clients, but Hallson-Kundel believes what really sets the firm apart is its genuine and personal approach to accounting. “We are truly interested in our clients’ successes,” she says, “and stay in touch with them throughout the year.”
In tax speak, capital cost allowance refers to the amount that can be expensed annually on long-term business assets. Taking advantage of Enhanced CCA for businesses means that business owners can write off their capital purchases in one year rather than having to depreciate them over a longer period of time. Enhanced CCA can dramatically increase savings for business owners and is just one of the strategies that Compass Accounting uses to benefit its clients.
For more information about Enhanced CCA or to learn more about Compass Accounting and the services it provides, visit https://www.compass-cpa.com.
Compass Accounting Winnipeg CPA Accountants
605 Erin Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.