Last updated: May. 29, 2019
The more tax credits you can take advantage of, the lower your taxable income will be. There are some refundable tax credits you can use even if you don’t owe any taxes. Keep reading to discover an important tax tip if you’re self-employed and have children. What Is the Canada Child … Read more
Last updated: May. 9, 2019
It takes a lot of work to get a business up and running, and even more work to make it a success. There are also a lot of things that need to be done when closing a business, whether it’s a sole proprietorship, partnership or corporation. Taking care of any tax … Read more
Last updated: May. 8, 2019
The sharing economy is a kind of shadow economy, where private individuals share products or services, either for free or at a cost. Sharing economy arrangements are typically conducted online, through a community-based website. The sharing economy is hardly new. For thousands of years people have shared their assets, but the … Read more
Last updated: Apr. 11, 2019
“Protecting What Matters Most” On April 11, 2019 Ontario’s Finance Minister Victor Fedeli tabled the province’s budget on April 11. As expected, the budget includes a range of cost-cutting measures to help move the province towards a balanced budget but also introduced key spending initiatives. The budget focused on 4 key … Read more
Last updated: Apr. 3, 2019
If you’re a small business owner chances are you like doing things on your own. While there are a lot of benefits to running your own business, unless you love math and crunching numbers, odds are bookkeeping and preparing your taxes are not something you love to do. If this is … Read more
Last updated: Mar. 27, 2019
If you don’t know where your break-even point of operating your business is, you’re in trouble when it comes to forecasting and planning for the future. New businesses, especially in the run-up to launch, have different break-even points than established businesses. Understanding where you fall is essential to determining whether you’re … Read more
Last updated: Mar. 27, 2019
Calculating Your Break-Even Point Budgeting your operations and calculating your break-even point is simple at its core. Determine your operating costs, including both fixed and controllable and find the point where your sales have covered your costs. To determine your break-even point or your operating cost, first, tally your fixed expenses. … Read more
Last updated: Mar. 26, 2019
“Building on a Strong Foundation” On 26 March 2019, Nova Scotia Finance and Treasury Board Minister Karen Casey tabled the province’s fiscal 2019–20 budget. The budget contains several tax measures affecting individuals and corporations. The budget contains no new taxes and no tax increases. The minister anticipates a surplus of … Read more
Last updated: Mar. 21, 2019
You’re Invited! Join our live webinar “Tax Season 101: Tax Tips for Business Owners” to learn more about: ✓ Important Changes for the 2018 tax filing season
✓ Tax tips for short and long term tax optimization
✓ How to avoid audit triggers that will get the attention of … Read more