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...
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...
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...
Once you’ve got your new business up and running, there are on-going maintenance, compliance and reporting requirements that you must be aware of. In the previous posts in this six-part series, we have identified the different types of business structure and the advant...
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...
If you’re the owner of a small business going through a growth spurt then you might have considered bringing independent contractors on board to take care of some of the overflow business that your core team cannot handle. Independent contractors are a great option for...
