Many small business owners are unsure of what they can deduct as a legitimate business expense. It is quite common for someone to start their own business before they have had a chance to consult with a tax accountant, who can provide guidance on what expenses are...
It is more common than not for an entrepreneur to start their own business and get caught up with the day-to-day. After all, most entrepreneurs and small business owners start a business for a reason: they want to do whatever their business does, makes, sells, or...
For many years IT Consultants have been incorporating their businesses, and working as independent contractors while supporting their clients. In recent years, the CRA has been looking more closely into corporations that IT consultants own, to determine if the company...
The first and most important thing to note, before getting into some of the items that realtors can deduct for tax purposes, is that you must track, and keep evidence (receipts) for all of your expenses. As we have noted in the benefits of Cloud Accounting, there are...
Do you need financial statements prepared by a professional? Does your company have stakeholders, or potential investors or creditors, that have requested financial statements that meet specific requirements? If that is the case, then you should know the difference...
