I know, doing taxes is something you want to avoid if possible. Unfortunately, it is inevitable and not filing your taxes might cost you more money than what you should have paid because of penalty and interest. As a truck driver; below are some expenses that you might be able to write-off to reduce your …
Are you a self-employed or currently running your own business? Having established your business is a rewarding experience. Doing the work, you love; making your own schedule; making decisions to make your business successful; having the potential to earn higher income compared to being employed. However; like most entrepreneurs and as your business grow; you …
The American Institute of Certified Public Accountants (AICPA) defines accounting as “the art of (1) recording, (2) classifying, and (3) summarizing, in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and (4) interpreting the results thereof. ” Many businesses; especially small and medium …
What is Accounting? Why do I need it for my business? Read More »
CRA filing and payment deadline for 2020 tax year April 30 is fast approaching; this is the filing deadline for most individuals. However, this is not the case for everyone, filing and payment deadlines depends whether you are an employed individual or self-employed individual, a corporation, and the list goes on. Below is a summary …
CRA filing and payment deadline for 2020 tax year Read More »