Depending on your year end, chances are your business taxes are over for another year and you just want to forget about them. The first thing to learn about tax and business is that it is something that affects you all year round, and not just at the year end. Tax is a big cost…
A lot of your time is consumed when owning a business. At least in the beginning, when you may be the only worker or only have one or two individuals working for you, then you may be working a lot harder. Most likely you spend your 8 or 10 hours at your business establishment…
Now with so many people working from home, and especially if this is a new experience it can be hard to form the right business mind set. It really is quite pleasant not to have to rise early in the morning to get ready for work and battle the traffic. At the same time…
As an Incorporated business in Ontario you are well aware that the Company will have tax obligations. Most likely you know the basics of what these obligations are but may not be too knowledgeable as to the rate of tax your Company is being charged with. The rates for tax can change at any time however the…
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 have organized yourself properly as a small business person then you are keeping your business finances and personal finances separate. You should be looking at your business as a separate entity even if you are not incorporated. Often when an individual is operating a small business and in many cases from their home…
If you are self employed or have a small unincorporated business you still have to file a tax return as it relates to your business. Hopefully you have either followed good record keeping practices or you have utilized bookkeeping services. These are the records that your Toronto accountant will need to do your taxes…
