Many Canadian business owners are advised to form a Family Trust in Canada considering its many advantages, in particular saving taxes. However, very few business owners are aware of the steps required to actually form a family trust. This article will cover: (A) How a family trust operates and (B) The steps needed to establish … Continue reading How to Setup your Family Trust in Canada
As an accountant in Toronto and tax expert in the region, I am focused on saving taxes for Canadians – individuals and business owners. Here is just a sample of secrets to saving taxes for Canadians, which the Canada Revenue Agency (CRA) doesn’t want you to know:
Are you tired of paying large fees to your accountant for preparing your personal or business tax return? If you answered yes, then this article is for you. There are a few easy things that you can do to make sure you don’t get struck with a big accounting bill:
Allan Madan is an experienced professional accountant and tax expert in Milton, Ontario, Canada. Below, he shares his top 5 extremely helpful accounting tips for your small business. 1. Keep accurate records, says Chartered Accountant Milton Accurate books and records are essential for any business. By having an accurate set of books and records you … Continue reading Expert Accounting Tips by Allan Madan (Accountant Milton)
On February 17, 2010, I held a tax seminar for accountants and bookkeepers entitled “Taxation for Accountants & Bookkeepers.” The seminar was a great success with over 35 accountants in the Greater Toronto area in attendance. You can download a copy of the handouts provided at the seminar: Taxation for Accountants & Bookkeepers
Tax evasion is a serious criminal offence and can result in imprisonment. Yet, many taxpayers continue to under report income or claim erroneous tax deductions. If you’re worried that you may be in this situation, there are options available that thankfully don’t involve prison. As a Tax accountant in Toronto, I will share these options … Continue reading Tax Evasion-Professional Tax Accountant Toronto
If you’re a business owner, I strongly recommend that you hire a Chartered Accountant Toronto. Chartered Accountant Toronto can provide you with valuable insight into the profitability, financial strength and operations of your business. Chartered Accountant Toronto – Financial Statements As a business owner, you should be regularly reviewing your company’s financial statements with your … Continue reading Chartered Accountant Toronto – Why Do You Need One?