by Webtax Admin | Jan 18, 2021 | Accounting, Bookkeeping
Tax accounting falls under as a subcategory in Accounting. Accounting is a vast subject matter that deals with finances and financial statements of businesses and/or companies. Tax accounting on the other hands deals with: TaxesTax PreparationTax ReturnsTax Payments... 
by Webtax Admin | Jan 11, 2021 | Accounting, Bookkeeping, small business acounting
Filing Corporate Taxes in Canada is as same as filing taxes anywhere in the world. However, when it comes to corporate taxes things are a little different. Corporate taxes are different from personal taxes, regardless of the names the taxes have no correlation except... 
by Webtax Admin | Dec 27, 2020 | Accounting, Bookkeeping, small business acounting
A start-up cost is an amount required for a business idea to become reality. In simpler terms, it is the money spent in order for any business to start operating, meaning they are expenses that create a business. Start-up costs fall into two distinct and individual... 
by Webtax Admin | Dec 22, 2020 | Accounting, Bookkeeping
Minute books are a vital aspect of every business and/or company. In simpler terms, a corporate minute book consists of a record of important and valuable documents that Shows the Company’s worth and status. It is one of the first things regarding a business that is... 
by Webtax Admin | Dec 13, 2020 | Accounting, Bookkeeping, small business acounting
Cloud Accounting is similar to traditional bookkeeping services, however, rather than noting down information on paper or on a specific desktop, it is processed and uploaded on a ‘cloud’ system on specific servers meant for the business. Cloud accounting is preferred... 
by Webtax Admin | Dec 5, 2020 | Accounting, Bookkeeping, small business acounting
Bookkeeping service for small businesses is not an option it is a necessity. An efficient bookkeeping service provider will handle with care the daily routine accounting portfolio of your business and financially keep your small business bookkeeping up to date. But... 
by Webtax Admin | Nov 22, 2020 | Accounting, small business acounting, small business tax accountants, tax
Thinking of initiating a Small business in Canada but confused due to the high-income taxes you may have to pay or do you already have a small business and fed up with paying high tax rates? Well, the good news is you can in fact lower your taxes on Small business in... 
by Webtax Admin | May 18, 2020 | Accounting, small business acounting, small business tax accountants, tax
Are you or are you planning to set up a Small business corporation in Canada? You can enjoy tax-free benefits from your corporation, there are a number of benefits that you may be eligible to receive and that too tax-free, this guide will tell you exactly how. You may... 
by Webtax Admin | May 13, 2020 | small business acounting, small business tax accountants, tax
Interested in purchasing a home in Canada? You can now buy your dream home using a corporation, there are many benefits of using corporations to purchase a home and the reason why home owners prefer corporations to hold properties rather than holding them personally... 
by Webtax Admin | Apr 28, 2020 | Accounting, small business acounting, small business tax accountants, tax
If you own a Canadian Controlled-Private Corporation (CCPC), you are probably familiar with the method of paying dividends to your family members in order to reduce the overall tax you pay to the CRA. Most CCPC’s do this, but it is vital that you make sure you... 