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As an employer you are probably well aware of your obligations for making the proper deductions from employee’s wages which in turn have to be submitted to the proper government department. These are deductions such as CPP and EI contributions as well as tax. What you may not be aware of is there…
Quite often new business owners become overwhelmed with the administrative sector of the business in regards to their new obligations as a Company to the Canadian Government. Perhaps going into the business they assumed that yes there would be tax filings to be done at the end of the year, but this would only present a week…
You may not have begun with the intentions of starting a part time business but an opportunity came along and you just couldn’t resist. Perhaps you are a crafts person and your finished products are becoming in demand where you have developed a market for them. Or maybe you have become the neighborhood…
If you are trying to decipher the Canada Tax laws as a business owner then you may be quite overwhelmed with the number of forms that could possibly be applicable to your business like the T2 tax form, for example. You may also be of the mind that you are pretty good with figures and had…
Paying taxes is not something that most of us enjoy. For personal tax returns it usually means just a day or two of getting this task done but for businesses the tax responsibilities are an ongoing affair. Businesses that are unorganized and leave their taxes to the last minute are really creating a lot…
If you are self employed or have a small business then you need to have financial statements completed that are properly done and accurate. Your tax accountant needs these in order to prepare your tax returns for you properly. If you use a qualified bookkeeper then you should not have to worry about the accuracy…
There are a lot of good reasons for getting your taxes done as early as possible instead of waiting for the deadline. Many times your Toronto accountant can be instrumental in giving you some good tax tips based on your last year’s tax situation. It could be that this year would be a good year…
It is not uncommon for small businesses to share their frustrations with their accountant concerning the growth of their business. Very often an experienced accountant can offer a lot of good tax planning advice to help companies move in the right direction. For example, these financial experts can often discern when it would be more…
