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small business accountant Mississauga

Best Practices for Financial Success: Pro Tips from a Trusted Small Business Accountant Mississauga

small business accountant Mississauga

Running a small business comes with unique challenges. From managing cash flow to staying compliant with tax obligations, the journey requires careful planning and strategy. For many small business owners, implementing the right accounting practices can mean the difference between smooth operations and financial chaos. By adopting these best practices, you can gain a clear picture of your business’s financial health and identify areas for growth. Partnering with an experienced small business accountant in Mississauga, like Madan CPA, can help simplify this process, reduce financial stress, and allow you to focus on growing your business. Read More

by MadanCA Team on November 16, 2024 @ 5:40 pm

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How Are Uber Drivers Taxed in Canada

If you live in a major metropolitan area, you have probably heard the term ‘uber’ slowly drifting into everyday conversation. Instead of people saying “let’s grab a taxi”, people are saying “let’s grab an uber” instead. If you have never heard of uber, it is essentially a ride sharing program that is operated from the … Continue reading How Are Uber Drivers Taxed in Canada

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Overview of U.S. gift and estate taxes for Canadians.

If you are a Canadian citizen who has properties you want to give away in the United States, and if you know anyone who is deceased and thinking of transferring property, you may want to know about the tax implications surrounding how U.S. gift tax and estate tax affects Canadians. U.S. gift tax system creates … Continue reading Overview of U.S. gift and estate taxes for Canadians.

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Tax Implications of Crowdfunding in Canada

Is crowdfunding for you? Read below to find out! The pursuit of creating your own business, nurturing it, and watching as it grows into a successful organization, is perhaps one of the most commonly held career goals amongst many Canadians, and is by in large, the most difficult to accomplish. While there are a multitude … Continue reading Tax Implications of Crowdfunding in Canada

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Bringing engineers and accountants together on tech assets.

Is your business in the process of developing or modifying an acquired technology? This can be machinery, electronic hardware or a software product that needs to be customized. Your end result is a new valuable asset that you own and brings long-term economic utility. In this path, we recognize two costing aspects: (i) isolating development … Continue reading Bringing engineers and accountants together on tech assets.

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Why Does Your Corporation Need a Minute Book?

Do you own a corporation? Why does your corporation need a minute book? Proving your corporation is legitimate relies heavily on your Minute Book. Learn what a Minute Book is, and how it can help your corporation.

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Guide to claiming R&D tax credits effectively.

Scientific Research and Experimental Development (SR&ED) is a generous government incentive program to aid Canadian business that promote in house research and development activities. Eligible businesses can benefit from refundable and/or non-refundable tax credits. Depending on your overall corporations tax scenario, you could receive cash and/or tax credits, which can be used to either, offset … Continue reading Guide to claiming R&D tax credits effectively.

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U.S. tax implications for Canadians working or living abroad

Are you a Canadian resident who travels to the United States frequently? If so, it is important that you are aware of the “Substantial Presence Test”. This assessment is issued by the IRS and is used to establish the tax status of a non-resident. Calculations are based upon the number of days an individual intends … Continue reading U.S. tax implications for Canadians working or living abroad

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Certificate of Coverage for Americans Working in Canada

Are you a U.S. citizen working in Canada? Is the thought of double taxation making you sweat? No need to worry, Allan Madan will take you through vital information pertaining to double taxation surrounding social security.

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Benefits of Using Your Personal Vehicle for Business

Has your company offered to pay for your vehicle expenses as a taxable benefit? If yes, it is time to reconsider your answer! Avoid paying taxes and deduct a portion of your car costs simply by using your personal car for businesses purposes.

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Taxes for Athletes in Canada

Have you ever wondered just how much your favourite athlete pays in taxes? There is a common misconception that most professional athletes are overpaid millionaires, but that is not necessarily the case. Yes, there are super stars in the sports world that make prolific earnings but it essentially comes down to the sport they play, … Continue reading Taxes for Athletes in Canada

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