Running a successful small business requires more than a great idea and hard work. It also requires proper financial management, and that’s where bookkeeping comes in. Bookkeeping is the process of recording and organizing financial transactions, which plays a...
Freelancing can be a rewarding way to earn a living, but it also comes with some challenges regarding taxes. Unlike employees, freelancers are responsible for reporting their income and expenses, paying taxes and contributing to social security programs. If you’re a...
Following are some key points to focus on if you are selling something online in Canada. 1.Register for a GST/HST account: If you sell goods or services in Canada and your annual sales are over $30,000, you need to register for a GST/HST account. This account allows...
In January 2022, the government introduced an unused housing tax in an attempt to reduce the level of property speculation and restraint foreign housing investment. This tax affects homeowners with vacant or underutilized homes who must file an annual UHT return with...
Selecting an appropriate business structure is a crucial first step in starting a business. Location, staffing, advertising, and financing are all important, but what legal structure your business should take is equally significant. The three basic business structures...
