Are you an employee looking to save on taxes? Did you know there are deductions that might be available to you? As far as deductions go, you have probably about small businesses and corporations. A business owner or corporation can deduct any reasonable expense incurred in the when earning income. Unfortunately, there is not as … Continue reading What are employee expenses?
Are you entering a business deal, but are unsure of any tax effects it may trigger? If you are, you should consider both the cost and benefit of requesting an income tax ruling and an interpretation. In this article, I will provide you with further information on this complex topic so you can make an … Continue reading Understanding advanced tax rulings and interpretations.
Deciding on the right compensation strategy between salary and dividends can be quite tricky. There are advantages and disadvantages with each approach and this also varies depending on one’s situation. So the best strategy in order to save money involves a combination of both tailored to the individual’s situation.
If you feel that you are overpaying on your property tax, then there are a few options that you can take. Do you want to learn how to lower and defer property taxes? You can appeal the assessed value of your home and thereby lower your tax liability. Additionally, you can also take advantage of the … Continue reading How to Lower and Defer Your Property Taxes
Do you want to learn how to reduce the risk of being tax audited? Tax audits are a legitimate concern for everyone. However, your risk can be greatly reduced by avoiding key audit triggers such as reporting consecutive years of business losses and making high expense claims. Additionally, you should also ensure that you have supporting … Continue reading Reducing your risk of a tax audit: effective tips.
Are you confused about the US Tax Return Filing Deadline? You are not alone. Because of its size and complexity, the US system can be source of great confusion for those filing personal income returns. This is especially true for residents and citizens who recently moved out of the U.S., who are used to filing … Continue reading When is the US Personal tax filing deadline?
Filing tax returns for deceased in Canada In life, it is said that the only two certain things are death and taxes. While both of these may be inevitable, tax penalties due to incorrect actions are not. Have you been named someone’s legal representative, but are unsure of what to do? Let Allan Madan Chartered … Continue reading Tax return guidelines for deceased taxpayers in Canada.
Interview with Justin Goulet This is news director Justin Goulet and I am here in the studio with Allan Madan, Chartered Accountant. The tax season is upon is so he is going to give you some helpful tips to survive this season. Justin: Allan, how are you today? Allan: I am doing well Justin, and … Continue reading Personal Tax Saving Advice for Mississauga Residents
Do you own your own company? Are you interested in how you can save taxes on a one-person business? In this article, I will show you several real-world management tips. I will explain how using these sole proprietorship hints can help save you money and reach your goals. Before we do that, however, let us … Continue reading INCOME TAX TIPS FOR SOLE PROPRIETORS
As we advance technologically into the millennium era, we have become more and more dependent on technology as a channel to accomplish things in our life. The ever so growing trend is encouraging families and individuals to steer away from human interaction and look towards technological alternatives. This can be seen in the world of … Continue reading Should I use an Accountant or Tax Software?
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