Business & Corporate Tax Archives

Sales Tax for Online Businesses

Do you want your business to be more profitable? Do you want your financial forecasting results to be favorable? There is one way to help with that, by keeping your tax costs as low as possible. Read on to find legal ways to reduce business tax in Canada. Sales Tax in Canada for Online Businesses … Continue reading

Cross Border Taxes- Tips on Doing Online Business in Canada

Cross Border Taxes- Tips on Doing Online Business in Canada By: Allan Madan | Aug 18th, 2013 | Tax, US Tax, Canadian Tax Cross Border Taxes are often overlooked by online business in the U.S., even when they sell to customers north of the border. However, you can bet that sooner or later, you will … Continue reading

Sole Proprietorship vs corporation

The topic sole proprietorship versus corporation for medical practitioners is discussed in this article, to serve as an aid in choosing the right structure. Each alternative has its own benefits, and an analysis of both options is offered below. Control of income timing and amount As a sole proprietor, all income earned in the medical … Continue reading

US Tax Accountant in Canada – US tax issues for Canadian online business

As a U.S. tax accountant in Canada, I have come across many Canadian online businesses that sell to U.S. customers who completely ignore the IRS (Internal Revenue Service). The U.S. is a global hub for international business. The result? America has one of the world’s most complicated tax codes with hidden traps everywhere. As such, … Continue reading

Why IT Consultants and Independent Contractors Should Incorporate

Many IT consultants and independent contractors are operating as sole-proprietors without considering the benefits of incorporation, according to an informal survey by Accountants for IT Consultants. Not only are they paying higher taxes, they are also exposing their personal assets to potential legal liabilities. This article will cover the key reasons why it is beneficial … Continue reading

5 Great tax saving tips for I.T Contractors & independent consultants!

An excellent tax saving strategy for independent contractors is to learn of and apply all tax deductions that are available for reducing taxable income. This article indicates numerous deductible expenses that can result in substantial tax savings for self-employed individuals.

Employer Identification Number (EIN) for Canadian Companies

Learn why and when a Canadian business is required to have an Employer Identification Number from the US. An Employer Identification Number (EIN) is required for Canadian companies that do business in the US. If you are a Canadian company that is connected to the US, even in a small way, make sure that you … Continue reading

Small Business Accounting in Toronto – Talk to the Experts

Poor small business accounting services in Toronto can cause even a successful business to fail. Therefore, it is very important that you hire the right expert in small business accounting for your company.

Tax Implications of Doing Business in Canada

Are you planning on doing business in Canada? If yes, then this article is for you. There are many tax implications that arise when doing business in Canada. If you haven’t considered tax, then you may be in for a big surprise.

Tax Accountant Oakville- What are the Best Tax Tips for Small Businesses?

Allan Madan, of Madan Chartered Accountant, is a practicing tax accountant. Having had experience as tax accountant Oakville, Allan helps his clients beat the tax man. Below, Allan (tax accountant Oakville) shares the 5 best tax tips for small business owners:

Tax Accountant Milton – Small Business Tax Tips

Accountant in Mississauga Business Tips

As an Accountant in Mississauga, I’ve worked with many businesses in various industries. With this experience, I truly understand the causes of business success and business failure. You should read this blog post to make sure your business is on the right track.

Accounting in Toronto–What Business Owners Need to Know

Why is accounting so important for your business? After all, as a business owner you only care about your company’s sales figures and cash balance. Accounting really doesn’t matter that much. Wrong. What does a small business owner need to know? first, accounting does matter, because it provides you with an accurate picture of the … Continue reading

Category: Business & Corporate Tax