Mosoff & Liu - Homepage

Welcome to the Mosoff & Liu website

We are a professional accounting firm servicing individuals and small to medium-sized businesses.

Located on the border of Toronto and Woodbridge (in Vaughan), we have clients throught the GTA and who operate in a variety of industries.

We are a small firm. Consequently, we have smaller overhead costs and can pass these cost savings on to you. We know some accountants charge exorbitant fees. But our fees are competitive and fair.

With many of our clients we have built long and lasting relationships. Because of our size, we get to know our clients businesses very well and can offer insights that you may not be able to get from larger accounting firms that have many more clients.

News

New - Childrens Arts Tax Credit

Posted September 7th 2011

The government anounced recently that a new tax credit will be available in 2011 for children who are involved in arts programs. If your child is involved in a program focusing on fine arts, music, performing arts, outdoor wilderness training, learning a language, studying a culture, tutoring, and more. When parents claim the children's arts tax credit—up to a maximum of $500 of the cost of programs—they save as much as $75 at tax...

Relief From Tax On Overcontributions to Tax Free Savings Account

Posted September 7th 2011

The CRA has anounced that they recognize some taxpayers are still unclear about the rules applicable to the Tax Free Savings Account. Consequently, taxpayers who receive a letter that they have overcontributed should respond to CRA immediately. CRA might waive taxes on excess contributions if it can be shown that you had a genuine misunderstanding of the rules. Please contact our office if you require assistance in this regard.

First Time Home Buyers' Tax Credit

Posted March 29th 2011

If you are a first-time home buyer, you are entitled to claim a non-refundable tax credit on your personal tax return in the year that you acquire the home.

New - Computer Equipment Incentive

Posted October 30th 2010

If you acquired new computer equipment and/or system software after January 27, 2009 and before February, 2011, you can write this disbursement off completely in the year you acquired it.

New - Electronic Filing Requirement For Some HST Filers

Posted September 14th 2010

If your business had in excess of $1.5million in taxable supplies (ie. sales) in the last fiscal year, it is required to begin filing HST returns electronically starting with the first reporting period ending after July 1, 2010. There are basically 2 practical electronic filing options available - Telefile or Net File. Contact us to find out more.

Government Troubles?

Are you behind in filing your income tax returns, GST returns or other government filings? If so, you may be subject to penalties and interest. The good news is you might also be eligible to have these charges waived! We can help! Is the government calling? Have you been selected for audit? We can help!

"Reliable!"

Keeps us on the right track with our books and taxes. Very reliable.

Bruce Manning, President
Reuben Kirby Moving & Delivery Service Limited

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