In the latest federal government news, the Department of Finance, Canada, has announced reduced credit card fees for small businesses. SMEs will benefit significantly from the latest change introduced by the government. Interchange Fees Lowered For Small Businesses During the Budget 2023 announcement on March 28, the deputy prime minister of Canada also promised… Continue reading Great News For SMEs in Canada: Federal Government Lowers Credit Card Fees
Blog Category: Accounting Service
SR&ED Tax Incentives: What Is It And How To Claim It For Your Canadian Business?
In its latest newsroom section, CRA informs about the best practices for tax professionals and business owners for claiming the SR&ED tax credit in Canada. Also, it highlighted some common errors that claim preparers make while filing the request. What Is The SR&ED Tax Credit? Scientific Research and Experimental Development (SR&ED) is a tax… Continue reading SR&ED Tax Incentives: What Is It And How To Claim It For Your Canadian Business?
6 Taxes To Know If You Run A Restaurant In Canada
You’ve started a restaurant out of love for food. Amazing! Since it’s a for-profit business, you’ve also learnt the basics of restaurant bookkeeping. Excellent! Even though the quality of service drives restaurants towards success, understanding the industry-specific taxes is the real thing that keeps their financial health in check. In this case, we mean… Continue reading 6 Taxes To Know If You Run A Restaurant In Canada
2023 Federal Budget Highlight: What is Alternative Minimum Tax in Canada?
The federal budget for 2023 comes at a time when Canada is navigating through global financial uncertainty. Even though there were numerous changes to tax rates, the Alternative Minimum Tax (AMT) was in the limelight, since it registered its first set of significant changes in the proposed budget. What Do You Mean By Alternative Minimum… Continue reading 2023 Federal Budget Highlight: What is Alternative Minimum Tax in Canada?
5 Overlooked Ways to Cut Your Corporate Taxes and Increase Your Profit Margin
One of your key aims as a small business owner is to maximize profits and grow your company. While increasing your revenue is one option, lowering your expenses can be just as effective. Corporate taxes are one of the most critical expenses for any organization, and many business owners ignore the different ways they can… Continue reading 5 Overlooked Ways to Cut Your Corporate Taxes and Increase Your Profit Margin
The Expert’s Guide to Claiming Corporate Tax Deductions: Tips and Tricks for Success
Are you tired of feeling overwhelmed when it comes to claiming corporate tax deductions? Every dollar counts when it comes to running a business. That’s why understanding corporate tax deductions is crucial for maximizing your profits and minimizing your tax liability. But with so many rules and regulations to navigate, it can be challenging to… Continue reading The Expert’s Guide to Claiming Corporate Tax Deductions: Tips and Tricks for Success
Thinking Ahead: Strategies for Reducing Corporate Taxes and Boosting Your Bottom Line
The tax system in Canada is constantly being updated and it can be difficult to stay up to date! Implementing effective tax strategies can help reduce corporate taxes while boosting the bottom line. However, most people wait until the last minute to review their tax credits and potential deductions. Knowing what you’re entitled to from… Continue reading Thinking Ahead: Strategies for Reducing Corporate Taxes and Boosting Your Bottom Line
Tax Hacks for Corporations: How to Legally Reduce Your Tax Burden
Taxes trouble almost everyone except accountants, but they are an unavoidable reality of life. The rules are always changing, and the deck may be stacked against the honest taxpayer. Do you want to lower your tax bill? You, of course, do. If you’re in a high tax bracket, you’ll be relieved to know that there… Continue reading Tax Hacks for Corporations: How to Legally Reduce Your Tax Burden
Get More for Your Money: Corporate Tax Deductions You Should Be Taking Advantage Of!
As a business owner, you want to maximize your profits while limiting your expenses. One effective way to achieve this is by taking advantage of corporate tax deductions in Canada. Did you know that you could claim part deductions against some expense heads? Yes, an efficient Business Planning Solution Canada can help save on corporate… Continue reading Get More for Your Money: Corporate Tax Deductions You Should Be Taking Advantage Of!
Maximizing Your Savings: Corporate Tax Deductions You Don’t Want to Miss
In Canada, it’s tax season! Although it isn’t exactly a happy time of year for many people, it may be a terrific time to save money if you know where to search for Corporate Tax filing Canada. While taxes have always been a complex issue that no income-earning individual or corporation can avoid, you can… Continue reading Maximizing Your Savings: Corporate Tax Deductions You Don’t Want to Miss