The CRA’s Notice of Assessment: Everything You Need to Know
By Sohail Afzal | | All Types of Businesses, blogs
If you’re like most Canadians, you probably receive a Notice of Assessment (NOA) from the Canada Revenue Agency (CRA) at some point during the year. The NOA is essentially the CRA’s way of telling you how much tax they believe you owe, and it can be quite confusing to understand if you’re not familiar with…
Read Article The 6 Worst Accounting Mistakes Businesses Make
By Sohail Afzal | | All Types of Businesses, blogs, Bookkeeping & Accounting, Business & Corporate Tax, Consultants - Accounting Services
Running a business is hard enough – don’t make it harder by making common accounting mistakes. You can keep your business finances on track and avoid costly penalties and fines by avoiding these mistakes. Unfortunately, many businesses do just that. In this blog post, we will discuss the six worst accounting mistakes businesses make and…
Read Article CRA Reviews and Audits: What to Expect
By Sohail Afzal | | All Types of Businesses, blogs, Tax Audit, Tax Planning & Management
If you are a business owner, one of the things you have to worry about is the Canada Revenue Agency (CRA). The CRA can review your tax returns at any time, and if they find something wrong, they can audit your business. In this article, we will discuss what happens when the CRA reviews and…
Read Article Everything a Restaurant Owner Needs to Know About Taxes in Canada in 2022
By Sohail Afzal | | All Types of Businesses, blogs, Business & Corporate Tax, Taxes for Self-Employed
As a restaurant owner in Canada, it’s important to stay up-to-date on the latest changes in taxes. In 2022, several new taxes will be levied, and changes to existing tax laws. If you’re not sure how these changes will affect your business, it’s best to consult with an accounting firm or tax expert. They can…
Read Article Everything You Need to Know About Taxes as a Freelancer in Canada in 2022
By Sohail Afzal | | All Types of Businesses, blogs, Personal Tax Return, Personal Taxes, Tax Planning & Management, Taxes for Self-Employed
As a freelancer in Canada, staying up-to-date on the latest tax laws is important. In 2022, there are several new changes that you need to be aware of. The accounting and tax firm GTA Accounting has put together a guide to help freelancers understand how the new tax laws will affect them. In this article,…
Read Article Tax Deductions and Benefits for Self-Employed People in Canada in 2022
By Sohail Afzal | | All Types of Businesses, blogs, Personal Taxes, Taxes for Self-Employed
Self-employed people in Canada have a lot of tax benefits and deductions available to them. It is important to understand what they are to take advantage of these benefits. This article will provide an overview of Canada’s most common tax deductions and benefits for self-employed people. We will also provide information on how to apply…
Read Article Everything You Should Know about Filing Coupled Tax Returns in Canada in 2022
By Sohail Afzal | | All Types of Businesses, blogs, Personal Tax Return, Personal Taxes
In Canada, there are specific laws and regulations governing filing tax returns for couples. Married couples have several advantages when it comes to filing taxes, but there are also a few disadvantages to be aware of. In this article, we will explain everything you need to know about filing coupled tax returns in Canada in…
Read Article Tax Benefits for a Small Business: How to Maximize Your Savings
By Sohail Afzal | | All Types of Businesses, blogs, Business & Corporate Tax, Consultants - Accounting Services, Small Business Bookkeeping, Tax Planning & Management
Tax season is here, which means small business owners need to consider how they can maximize their tax savings. There are a number of tax benefits available to small businesses, but the process of applying for them can be confusing. That’s where an accounting firm comes in. Tax experts at an accounting firm can help…
Read Article What Are The Pros and Cons of Incorporating a Business? All You Need to Know
By Sohail Afzal | | All Types of Businesses, blogs, Business Incorporation
There are a lot of questions business owners have when it comes to incorporating their business. What are the pros and cons? How do you go about doing it? What are the advantages and disadvantages? Should you do it? In this blog post, we will answer all of those questions and more. We’ll discuss what…
Read Article 5 Tax Benefits in Canada You Should Know About
By Sohail Afzal | | All Types of Businesses, blogs, Business & Corporate Tax, Personal Taxes, Tax Audit
Did you know that people can get several tax benefits in Canada? These benefits can include things like the GST/HST credit, the Child Tax Benefit, and the Working Income Tax Benefit. In this blog post, we will discuss all of these benefits and how people can apply for them. We will also talk about when…
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