Information on small business tax tips

5 Tax Tips for Small Businesses

Tax season is probably one of the most, if not the most, dreaded season of small business owners. Unfortunately, there’s no avoiding taxes – the good news though is there are ways they can legally minimize their tax burden. Here are 5 tax tips that can help small business owners save a lot come tax time.   CLAIM HOME OFFICE …

Tips to avoid a tax audit

Don’t Be a Victor the Audit Attractor

We all love attention. It’s our instinct from the first day we’re born. However, you’d better lay low and stay invisible when this special season starts – the Tax-filing Season. Victor is the kind who is determined to attract the attention of CRA. The following actions of his are like waving a red flag at a bull or stick an …

Self-employed income tax solutions and tips

Income Tax Challenges For The Self-Employed

When people choose self-employment, they are often attracted to the challenge and excitement of creating a business they are passionate about. They may look forward to a more flexible work schedule, or the possibility of earning more than they did as an employee. The one thing most people don’t get excited about is keeping track of all their expenses and …