September 9, 2017

Many businesses require their employees to travel around their local community, whether its sales reps, service technicians or delivery people. CRA has created a strict set of guidelines defining what can and cannot be claimed as business expenses, and understanding CR...

If you’re a small business owner, you might just be getting over filing your year-end tax return. But don’t rest on your laurels for too long: the deadline for quarterly HST/GST returns for businesses with a December 31 year end is at the end of July! You’re required t...

As we roll into June we’re getting down to the wire on the 2014 year-end tax return deadline for unincorporated businesses. If you own or run an unincorporated business your year end was December 31, 2014 but you have until June 15, 2015 to file your business tax retur...

December 2, 2016

In our previous series of blog posts about preparing for, filing and following up on the year-end for your incorporated or unincorporated small business, we briefly touched on how to account for prepaid revenues and prepaid expenses in your books. A number of our reade...

October 27, 2016

If you’re responsible for managing the finances of a small business and if your business reports HST on a quarterly basis, the deadline for filing and paying your HST return is quickly approaching this October 31, 2014. Have you ever stopped and thought about how the C...

October 7, 2016

If you’re a small business owner, you probably dread when your HST return form arrives in the mail from the Canada Revenue Agency. How do you file your HST remittance? What options are there for paying? How do you know if you owe HST or if you’re due for a refund? In t...

You’ve received a notice from the Canada Revenue Agency (CRA) letting you know that your Oakville business will be the subject of an audit.  What is the first thing you should do? Don’t panic.  Even if you haven’t engaged a tax preparation service to get your documents...

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