Employee or Contractor?
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Employee or independent contractor? If you're a business owner and you hire workers, it's important to correctly determine their employment status.
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What Can I Deduct as a Business Expense?
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As a business owner, it's important for you to know what business expenses you can deduct. This will help you determine what records to keep for tax time, allows you to deduct all the business expenses you are entitled to claim, as well as ensures that you are compliant with tax regulations.
Read MoreHow to Claim Business Vehicle Expenses
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Do you use a vehicle for business purposes? If so, you can deduct motor-vehicle expenses as part of your business expenses on your tax return. The Canada Revenue Agency has strict requirements for claiming automobile deductions. This article outlines some of the rules that you need to know to ensure that you are in compliance and also so that you are aware of all the deductions that you are entitled to claim.
Read MoreYear-End Bookkeeping Tips
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The end of the year is fast approaching. It’s a good idea to start preparing for your year-end bookkeeping. Getting this process started as early as possible helps to make this process, and the preparation of your tax return, less stressful and helps to ensure that you don’t miss anything. The following are general steps you would take to complete this process.
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