Does your tax person have a sense of humor? We do! And we are not scared to poke a little fund at ourselves! Here is a bit of “tax person” humor to sweeten your day! Remember: A fine is a tax for doing wrong. A tax is a fine for doing well....
Well, it’s officially tax season again! Which means there are a lot of business owners trying to get their business paperwork together so that you can file your personal taxes. As a tax preparer, there are a lot of mistakes I see business owners make,...
For better or worse, we humans are adept at making assumptions and trusting others, including when it comes to our tax preparer. On a daily basis, we not only interact with dozens of other people doing their jobs, but we rely on the job they do. We automatically...
Owing the CRA happens when you’re in business. No brainer, right? It is, once you learn that this is how the system works. For new, inexperienced solopreneurs in particular – such as those with home-based side businesses- it can be a shakeup to realize that you don’t...
It’s a lesson that every business owner has to learn. For some, it comes after the first year in business when the realize they weren’t prepared, or after a few years of struggling to stay afloat. For others, it’s something they take time to learn early...
Simply defined, a Trust Exam is when the Canada Revenue Agency sends someone out to look at how you’ve handled your Trust Money. That is, payroll and GST remittances that you’re holding in trust for those government taxes you owe. Trust Exams are usually triggered for...