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Reduce your taxes by claiming home office expenses


Do you use a home office for earning employment or business income? Claiming home office expenses on your tax return is going to reduce your taxable income and save you money.

 

SIX REASONS TO SWITCH TO QUICKBOOKS ONLINE

Change can be scary. If you’re familiar with the desktop version of QuickBooks you may be...

CHOOSING YOUR CORPORATE YEAR END DATE

Before choosing a date for your year end, think about the date that works best for your kind of...

WRITE OFF YOUR CELL PHONE EXPENSES

Can you write off your cell phone expenses?

If you use your cell phone for business and...

LET'S INCORPORATE!

As a sole proprietor, you may be looking back at last year’s results and ahead to the time you...

KNOW YOUR TAXPAYER BILL OF RIGHTS

The first time I called Canada Revenue Agency (CRA) for a client I was nervous. The prospect of...

Should you lease or buy?

Buy/lease decisions are much more than a matter of taxes.

Buy or lease? That is the question...

Two ways to write off your vehicle expenses

 You can deduct your vehicle expenses if you normally work away from your place of business....

Five Costly Payroll Mistakes To Avoid

Canada Revenue Agency (CRA) can be difficult to deal with at the best of times. No one likes to...

Salary or dividends for small-business owners?

The way a bonus is paid has a significant effect on corporate and personal after-tax income.

Tax benefits for the self-employed

There are many tax advantages for self-employed Canadians who work from home and hire family...

Ten tips for choosing your next accountant

Your accountant is about to retire.

In a recent member survey the average age of a public...