Are you an IT contractor or a consultant working on a contract basis? If that’s you, you should be aware of how the personal services business rules impact IT contractors and consultants and their taxes. The PSB rules have changed, so it’s important that you go through this article.
In this interview excerpt we will be looking at how small business owners can be smart about keeping their debts and credits on the proper side of ledger. For some small business accounting tips we are joined by chartered accountant and tax specialist, Allan Madan.
This short article is about how to prepare for a tax audit in Canada. I’m going to give you 5 simple steps to follow at any CRA tax audit to make sure that you win.
This article is about business tips for incorporation Canada. It is really important that you read this article if you are thinking of incorporating. I am going to tell you the pitfalls to avoid and the best practices to use for your incorporation. So, let’s get started.
In this article we are going to look at the Quick HST Return method of accounting for fast HST return filing. This is part one of a two part series, and it shows you a very simplified way of figuring out how much HST you have to remit to the government.
This article will take you through the tax loopholes for small business owners in Canada, and by the end of this article you should know enough about tax loopholes to save you a fair amount of money.
Just in case this is the first post of mine you’re reading, a little introduction is called for. I’m Allan Madan, a chartered accountant and tax expert in the Mississauga and Toronto regions of Ontario, Canada. This article is about converting a sole proprietorship to a corporation.
Français If you are a business owner or an employee who needs a car for work, you should know whether it’s more tax efficient to lease or buy a car for a business in Canada. If your company provides you with a car check out these tax implication for that situation. There are several steps … Continue reading Is it better to lease or buy a car for a business in Canada?
The reason you want to become an independent contractor (i.e. self employed) and not an employee is because independent contractors have more tax write-offs and pay much lower taxes than employees.
Français If you need to prepare your corporation income tax return and plan to do so by yourself, check out the Step-by-step instructions provided in this article, making the corporate tax return preparation process pain-free. If you are self employed and looking for a guide on how to complete your personal income tax return, check out … Continue reading How to Prepare Corporation Income Tax Return for Business in Canada
If you are a dentist and are concerned about structuring your tax affairs properly, then you must read this article. In this article, I discuss the tax implications of the three different types of tax structures for dental practices.
The topic of this video is HST and how it impacts doctors, physicians, dentists and other medical practitioners in the province of Ontario and across Canada.
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