Category: Business & Corporate Tax

Key Federal Budget Changes for Small Businesses

What are the top changes in the 2013 Federal Budget that business owners should know about? Read this article to find out.

US tax issues for Canadian online businesses explained.

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 US tax issues for Canadian online businesses explained.

Reasons IT consultants and 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 Reasons IT consultants and contractors should incorporate.

Top tax-saving tips for IT contractors and 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.

Legal Ways to Reduce Business Taxes in Canada

This short article will take you through the best legitimate methods to save business taxes in Canada.

Small Business Deductions – BNN Interview with Allan Madan

Watch this short interview with Allan Madan on small business deductions. Allan shares the best 5 tax deductions for small business owners with Mike, host of BNN, a leading Canadian business news agency.

What are the federal budget tax consequences?

Are you wondering about the federal budget tax consequences? This short article discusses how the 2013 federal budget affects small business owners and individuals like yourself, so if you wish to learn about how the latest Canadian budget increases taxes for small business owners and individuals, this is the place to be. Let’s get started.

What are the Tax planning tips for business owners?

This article is about tax planning tips for self employed individuals, and if you are a sole proprietor or an individual who is self employed and owns his/her corporation, then these tax tips for self employed individuals are for just you, so let’s get started.

EIN requirements for Canadian companies explained.

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 EIN requirements for Canadian companies explained.

Tips to navigate independent contractor rules in business.

This article will take you through how to avoid the personal services business rules for IT contractors and independent consultants. If you are an IT contractor or independent consultant you should certainly read till the very end.

Tax Rules for IT Contractors and Consultants

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.

Small Business Accounting Tips to Help You Save

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.

5 reasons to have an accountant incorporate your business.

This video & article will take you through 5 reasons an accountant should incorporate your business, so here we go.

How to Prepare For a Tax Audit in Canada

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.

Tips for Incorporation Canada

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.

Pin It on Pinterest