Mar 1, 2019 | All Categories, Personal Tax
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,...
Feb 1, 2019 | All Categories, Business Tax, Personal Tax
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...
Jan 1, 2019 | All Categories, Business Tax, Canada Revenue Agency, Debt, Personal Tax
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...
Dec 1, 2018 | All Categories, Business Tax, Business Tips, Personal Tax
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...
Nov 1, 2018 | All Categories, Canada Revenue Agency
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...
