What the Small Business and Self-Employed Can do to Prepare for Tax Filing
- Monday, 25 February 2013
Taxation for Self-Employed Individuals and Small Businesses
It is always better to be pro-active, rather than reactive when dealing with taxation. Proper planning is critical in helping individuals maximize their tax refund and reduce the overall risk of being audited by the Canada Revenue Agency. Self-employed individuals must file their tax return every year by June 15th and, pay any balance in taxes owed by April 30th. The income generated from self-employed work is reportable as business or professional income on your personal tax return. It is crucial that you have documentation for all incoming fees you incur, such as income slips, receipts, contracts, letter agreements or invoices.
Business Owner- What are You Worth?
- Monday, 14 January 2013
Guess Article By: Ray Pons, Performance Improvement Coach, Keynote Speaker, and Author
Many times you might ask “What is my business worth?” But have you ever asked yourself: “What am I worth?”
Think about it. What is your bottom line value? What are your skills, talents and abilities truly worth to the business?
I suggest that your personal worth to your enterprise is much higher than you might imagine.
5 Steps to Properly Starting Your Business
- Monday, 05 November 2012
Anyone can start a business, but only few are successful- you probably heard this many times before, but well worth mentioning again and again. In this turbulent business world, there are many factors to consider, and many steps that need to be taken in order to ensure your success. Below is the breakdown of the 5 main steps you need to follow to properly set up a successful business.
- How to Save for Your Child's Education
- Losing the Canadian Penny
- Invoicing Tips to Get Paid Sooner
- The Benefits of Being the Small Guy??
- When and How to Successfully Borrow Money
- Year End Tips to Benefit You in 2012
- 8 Simple Strategies to Reduce Taxes for the Owner-Manager
- HST Benefits for Small Businesses-Revisited
- What You Should Know About Tax Free Savings Accounts (TFSA)
- Mastering Your Company's Finances- Part 2