Running one office efficiently and effectively is often all the average small business owner wants to handle. Sometimes out of necessity this isn’t good enough and there is a need for a few offices. This is when it can become daunting and overwhelming for the business owner who likes to keep his thumb on the…
Ontario is very fortunate to have many entrepreneurs that have a lot of excellent ideas. We must keep in mind that these people are our future. The Ontario government is launching a new program geared towards Social entrepreneurs and enterprises. Social entrepreneurs are those whose focus is on dealing with social problems and evoking…
Now that tax time is over some of you may be thinking that you may be hearing from the CRA. At least you should be getting your assessment back. No doubt when the phone rings and the caller says they are from the CRA you are somewhat shocked. However, never having had…
There are many different sub levels in the construction industry and as such this can make the accounting responsibilities much more complicated. Most often the main construction company will hire subcontractors to fulfill various obligations of the projects that they are working on. The Main company making payments to the subcontractors has to keep…
With the CRA becoming more electronically intent it raises the concerns for privacy of the taxpayer. In order to determine whether a program could in fact breach the privacy of its users there is a Privacy Impact Assessment that is supposed to be carried out. There is a lot of public information available regarding the…
Your business tax is done but you have a feeling that you may be up for an audit. This could be because your industry seems to have been targeted recently by the CRA. Or, there could have been some significant changes on the tax return that is going to trigger some concerns that…
Most everyone knows the deadline date for filing their taxes, but anything after that tends to get ignored. Shortly after your taxes are filed you should receive your notice of assessment. Don’t make the mistake of just throwing it into your tax file without scrutinizing it. Compare it to your tax filing…
For the average tax payer when they hear about some industry losing some of their tax benefits they really have no interest. Basically they feel that if the average tax payer has to be hit hard with taxes then so should business. The most recent hit was to the film industry, as the Ontario…
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