The first few years of business are an exciting time. If you’re like most new business owners, you’ll have been busy organizing, building, and growing your new venture. But keeping […]
“Accounting” for Small Business
Tax Cheat Sheet: Staying on Top of Small Business Taxes
For many businesses, the end of the calendar year coincides with their financial year-end. If this is the case for you, it’s time to start preparing your accounting records for […]
Year-End Tax Planning Strategies for Small Business Owners
As a small business owner, you’re probably used to juggling tons of things at once. Creating a tax plan is a great way to prepare for the busy tax season. […]
Explaining Small Business Tax Audits
Feeling anxious about the possibility of a small business tax audit or confused about how they work? You’re not alone. Just the thought of a tax audit can make even […]
The Tax Side of Buying or Selling a Business
When you are looking to buy or sell a business, there are really only two options: to buy or sell the assets of the business; or to buy or sell shares in the company that runs the business. There are tax advantages to both.
Guide to Paying Your Small Business Taxes Online
Paying your taxes online is a convenient and efficient way to fulfill your tax obligations to the Canada Revenue Agency (CRA). In this article, we’ll guide you through paying your […]
How to Close Your Tax Accounts When Exiting a Business
If you close your business, it’s important to understand your obligations to the federal and provincial tax agencies. Find what you need to know to be compliant.
Claiming Home Office Expenses
As a home based business in Canada, claiming your home office expenses as a tax deduction is one money saving opportunity you don’t want to miss when filing your taxes this year.
Guide to CRA-Approved Tax Deductions in Canada
So you know the taxes you need to collect and pay out, but do you know what deductions could help you save money? In this article, we’ll […]
BC FLOOD RESOURCES FOR SMALL BUSINESSES
Our thoughts go out to everyone affected by the overland flooding events across British Columbia. During this difficult time, there are several resources available to business owners to help with […]