It will be that time of season again, when we start thinking about preparing our personal income tax. For those aspiring entrepreneurs with the new year's resolution of starting up a business or for those that already have an existing business, you might want to focus on business tax return preparation.
You probably have commonly asked questions that you need answers to such as, What can I claim or write off as expenses to my business?, Should I apply for GHT account?, or Which form should I use to file my small business return?
Come with your questions and join us on January 15th at North York Central Library for the Business Tax 101: Vital Tax Strategies for all Business Owners- New and Seasoned program.
Dale Barrett, Tax Lawyer at Barrett Tax Law and bestselling author of "Tax Survival for Canadians: Stand up to the CRA", will teach you how to keep the business profits in your pocket and not in the government's.
Topics include: corporations and other business structures, HST and other tax compliance, capital gain verses business income, owner and employee compensation structures, recordkeeping and audit preparedness, and much more.