When starting your own new business, it often makes sense to choose a simpler structure, which is a sole proprietorship. This allows you to test the viability of your business idea and see if the lifestyle and associated stress that comes with running a business...
Access to a car can be essential to running a small business effectively. However, the cost of ownership can be high, especially in the early stages when your business is not very profitable. Fortunately, Revenue Canada and Revenue Quebec allow individuals and...
Let me share a real-life scenario. Let’s talk about Ms. Sophia. He hadn’t filed his tax return for a few years mainly because he had a T4, thought he didn’t have to pay any taxes, and was just procrastinating on an unpleasant task. In 2020 he...
Becoming an independent contractor would mean that you probably have a personal service company. Many of you are leaving your full-time jobs to become independent entrepreneurs. This can be for a variety of reasons: you may decide that you want the freedom that comes...
Advertising options have grown exponentially in recent years. Many types of advertising even cost nothing but time. You can buy ads on a number of social networks to reach your target market, or if you want to go the free route, you can create a social media account,...
Being a small business owner comes with challenges, not the least of which is paying taxes. While most Canadian taxpayers have relatively simple tax returns that can be easily completed using the software, small business owners have the added burden of reporting...
Deciding to incorporate can be difficult for many small business owners. There is a lot of conflicting information out there and with a lack of experience, it can be difficult to determine which facts are relevant to your situation. Only the internet can answer so...
The self-employed lifestyle holds great promise when you first start out self-employed, but you quickly find yourself doing things you never dreamed possible. You will have to take on the role of salesman, market researcher, accountant, lawyer, and social media expert...
Being self-employed or working for someone else, would not matter when the Tax deadline arrives. Preparing your taxes can be an intimidating process. With Canadian tax laws and regulations ever-changing, it’s no wonder many Canadians are overwhelmed when...
Running a small business comes with many challenges; we get it, we are small business owners too. This article will explain how hiring an accountant can help you throughout the life cycle of your business. Before starting a business, hire an accountant If you are...
