TaxSense for Small Business
Finding Tax Savings for Small Business
Whether you are starting or looking to grow your business, the business structure you choose can have a massive impact on your profits and tax situation.
Join a representative from Loren Nancke Chartered Professional Accountants and learn accounting essentials, responsibilities and dates involved with managing a small business. You’ll discover the deductions available to you, the tax benefits of each structure and discuss when it’s time for your small business to incorporate.
What Will I Learn?
The differences between sole proprietorships, partnerships and corporations
The tax implications of each structure
What the CRA considers taxable income
Hiring subcontractors versus employees
Situations where you can claim tax deductions on automobile or home office costs
The different financial statements and information required in each
Due to the rapidly evolving public health situation surrounding COVID-19, Small Business BC has reached the difficult decision to modify how we deliver our services in the coming weeks.
As an organization, our number one priority will always be the health and safety of our clients, staff and service providers. We also want to ensure we maintain the high service standards our clients expect. As such, we will be delivering all our services online, or over the phone, until further notice. See here for more information on our service changes. Please use our COVID-19 small business resources – including this practical checklist for business continuity.