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10 New Year's Resolutions to Boost Your Business

It's the New Year and we have found 10 easy things to implement that will definitely grow your business.

PST-GST Harmonization Summarized

If you have not heard yet, we have a proposed harmonization of the PST and GST on July 1, 2010. Currently in Ontario businesses prepare two separate returns, the federal GST (Goods and Services Tax) at a 5% component and the PST (Provincial Sales Tax) at an 8% component. These taxes with the used of transitional periods will be harmonized on July 1, 2010. This change will not be easy, it will take getting used to. For one, the general public will be paying more taxes on purchases and businesses will be overwhelmed with the changes in reporting. In summary it will be a huge tax grab.

How will it affect your Businesses? We have put together a general summary of how this new tax will affect most businesses.

Maximizing Business Income Tax Deductions

If you’re like most Entrepreneurs and Small Business, December 31st was your fiscal year end, and you’re already sorting through your receipts, and making preliminary income tax calculations for the year. But are you maximizing your small business tax deductions?

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Williamson Accounting is a firm that provides a high standard of accounting for Small Businesses in the Greater Toronto and Surrounding areas.

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