Many think that if no 1099 is issued, they don’t have to report the income. This is not, in fact, true. We are supposed to report all income, no matter how small. Read More
With Christmas and the New Year out of the way, our thoughts turn to the first milestone of the year, submitting our self assessment tax returns. When the original paper return forms arrived last April there seemed to be so much time to return the forms that it was easy to put them aside for a shor Read More
The earlier you do your financial planning exercise and start saving, the more the compound interest that will accrue in your account and the more money you will have in the end. The bottom line for financial planning is to start saving and to start it NOW. Read More
Property taxes are one of the principal means that cities and municipalities use to raise revenue. Property taxes are generally based on two things: the value of the property itself, and the local rate of taxation. Both of these values can fluctuate depending on several different factors, including Read More
Before the March 1st RRSP deadline, tax payers are asking themselves important tax related questions; Should I put my money in a Tax Free Savings Account (TFSA) or in my RRSP?, When is the right time to move from a province to province?, Should I file my taxes even though I have not made much money Read More
One of the benefits of having a home office is that you can deduct the expenses relating to the space that you use to work. This can result in a significant reduction in your tax bill for costs that you would incur regardless, giving you one more reason to love being your own boss. This article ex Read More
Whether you employ two people or 100, getting ahead of your obligations and your arms around tax law changes is good business management.

In this first tax preparation post, we discuss some of the steps you can take now to prepare for wage reporting season and some tools that make it Read More
Payroll obligations and taxes come in two different varieties: those that your employee pays but that you are responsible for withholding and those that you pay and are responsible for withholding. The key here is that, no matter what, you as the employer are responsible (liable) for the proper col Read More
Tax is something that we are unable to avoid no matter where you are located but the tax that we have to pay does vary depending on our circumstances. When it comes to business they can have entirely different tax levels and forms of it that they need to pay so here is some general advice on busine Read More
By Karen Axelton Keeping track of tax breaks available to small businesses—especially in the current political climate—can be a complex task. The good news is, there is one kind of tax break that just about every small business can take advantage of: the advantages gained by hiring family members t Read More
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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!