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How Tax Accountants Helped FreshBooks Scale | Case Study
FreshBooks is one of Canada’s leading cloud-based accounting software companies, founded in Toronto in 2003. Built initially for small business owners and freelancers, FreshBooks quickly grew into an industry leader, serving millions of customers across more than 160 countries. Along the way, FreshBooks partnered with expert tax accountants to ensure their financial systems could scale efficiently while staying compliant with Canadian and international tax regulations. Read More
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Leasing vs. Buying a Car for Your Business
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 buy or lease a car in Canada There are several steps involved in answering the question, “Is it better to lease or buy a car for a business in Canada?”
Loading...How the Self Employed Can Reduce Taxes
How can the self employed in Canada save taxes? The answer to this question can be daunting and difficult to understand. However, I’ve created a simple list of the Top 5 Tax Savings Strategies for self employed persons, which are listed below. I’m sure you’ll be very pleased with these tips, once you see how … Continue reading How the Self Employed Can Reduce Taxes
Loading...Can naturopaths and hygienists incorporate in Ontario?
Dental hygienists and naturopaths can incorporate in Ontario because of new laws passed. Incorporation can lead to many benefits, such as tax savings and reduced liability. Incorporation of Hygienists and Naturopaths after 2006 Hygienists – changes to laws for incorporation In 2006 the Ontario government created Bill 171, the Health Systems Improvements Act. This bill … Continue reading Can naturopaths and hygienists incorporate in Ontario?
Loading...Planning on Selling a Business?
Français Selling your business can be a long thought-out process. Having a plan of attack and understanding the different approaches can help save valuable time and money. How do I sell my Business? You can sell your business using sale of asset or sale through stock. Depending on which method to use, certain taxes can … Continue reading Planning on Selling a Business?
Loading...Questions to ask small business accountant in Mississauga.
Has your small business accountant Mississauga actively helped in the reduction of your taxes? Have you been able to save your small business any money? If not, then according to the advice of Allan (expert and small business accountant Mississauga) you should have a candid conversation with your business accountant and ask the following mandatory … Continue reading Questions to ask small business accountant in Mississauga.
Loading...Self-preparation tips for effective corporate tax returns.
Would you like to prepare a corporate tax return for your company on your own? If yes, then this article is for you. Corporate Tax Return Preparation Tips See the following steps to assist you with preparing a corporate tax return: 1. Complete the T2 The T2 can be downloaded from the Canada Revenue Agency’s … Continue reading Self-preparation tips for effective corporate tax returns.
Loading...Demystifying LLCs for Canadians
With the housing costs at an all time low in the U.S., you are certain that this is your once in a lifetime opportunity to invest in a rental or a commercial property south of the border. From general research online, you discover about the Limited Liability Corporation (LLC) and all of its benefits: liability … Continue reading Demystifying LLCs for Canadians
Loading...Property Management Tips for Real Estate Investors
My name is Allan Madan, your trusted accountant. I am also a real estate investor in the United States, Canada, and India, and I would like to share my experiences on the best practices for property management tips with you. This article is called ‘Property Management Tips for Real Estate Investors’.
(No Ratings Yet)Loading...How to Minimize Taxes on Your Salary and Wages
What if you are told that you can save money in taxes even if you are a salaried individual? Sounds good? Go through this guide about how to minimize taxes on your salary and wages to benefit.
(No Ratings Yet)Loading...Income Splitting
The Top Tax strategies for medical practitioners (doctors, physicians, chiropractors, dentists, pharmacists) are revealed in this article. The common theme is that of income splitting – distributing income to family members that otherwise would have been taxed in the hands of the same individual. Hire your spouse/child As an owner, you can hire your spouse … Continue reading Income Splitting
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