Posted on March 12, 2021
by Danielle
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This page provides information (including a table of penalties and frequently asked questions) about penalties for late or improperly filed forms and information returns.
Category: Business Tips, New Canadians - Immigrants, Personal Finance, Personal Tax, Sole ProprietorshipsTags: 2020 tax return, Canadian income tax, Danielle SOS Tax Tips, failing to file, Foreign income, foreign property, Foreign Reporting: Questions, Form T1135, Interest and penalties, Late-filing penalties, nterest relief on your 2020 taxes owing, personal income tax, Tax relief, Tax tips
Posted on January 24, 2021
by Danielle
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The 2021 tax filing season is on the horizon and kicks off on February 22, 2021.
Category: Personal Finance, Personal Tax, Sole ProprietorshipsTags: CEBA, CERB, COVID, Government Relief, personal accounting, personal finance, Personal Finances, personal income tax, Personal income tax tips, Personal Tax, personal tax tips, personl tax prep, Tax credits, tax deductions, tax planning, Tax tips, taxes
Posted on May 9, 2020
by Danielle
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Should you incorporate your small business? (Sole proprietorship, partnership etc) Jumping from Sole Proprietorship to Corporation in Canada? We’ll break it down step by step. Earning side income or owning a small business can be a very rewarding experience, both emotionally and financially. The… Continue Reading ““Sole Proprietorship vs Incorporation” – Planning your business strategy”
Category: Accounting, EntrepreneursTags: Accountant, accounting, Alberta Incorporations, Beverly Edmonton, Bookkeeping, bookkeeping tips, business development, Business Hacks, business planning, business tip, canada taxes, canadian tax, corporate accounting, Corporate Tax, Edmonton Accountant, Edmonton Accounting, Edmonton Alberta, edmonton bookkeeping, Entrepreneurs, featured, incorporate, Leadership tips, Reasons your business needs an accountant, Should I incorporate?, Small business, small business tax tips, Sole Proprietorships, tax myths, tax planning, Tax Planning Tips, tax tip, Tax tips, tax tips for small businesses
Posted on May 9, 2020
by Danielle
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When a business is started, it can be structured as a proprietorship, partnership, or corporation. Proprietorship A sole proprietorship is one person operating a business, without forming a corporation. The income of the business is then taxed in the hands of the owner (the proprietor), at personal… Continue Reading “Should you incorporate your small business?”
Category: Accounting, EntrepreneursTags: Accountant, accounting, accounting tips, Alberta Incorporations, Bookkeeping, Business advice, canada taxes, canadian tax, Corporate Tax, development, Entrepreneurs, incorporate, Incorporation, Leadership tips, Reasons your business needs an accountant, Should I incorporate?, Small business, small business accounting, small business tax tips, Small business tips, Small Businesses Fail, Sole Proprietorships, Tax shelters, Tax tips, Tax Vehicles, Write offs
Posted on March 25, 2020
by Danielle
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General Information: (Updated 7/21/2020) Most updated interactive guide(s) to programs available: https://www.cfib-fcei.ca/en/covid-19-frequently-asked-questions https://www.canada.ca/en/department-finance/economic-response-plan.html -This encompasses Individual, Business & Industry General info on benefits with all relevant links for even more info! https://newsinteractives.cbc.ca/coronavirusbenefits/ General Links: https://www.canada.ca/en/public-health/services/diseases/2019-novel-coronavirus-infection/canadas-reponse.html https://www.canada.ca/en/department-finance/news/2020/03/canadas-covid-19-economic-response-plan-support-for-canadians-and-businesses.html? https://www.bankofcanada.ca/markets/market-operations-liquidity-provision/covid-19-actions-support-economy-financial-system/ https://www.canada.ca/en/department-finance/economic-response-plan.html https://www.canada.ca/en/public-health/services/diseases/coronavirus-disease-covid-19.html https://www.alberta.ca/coronavirus-info-for-albertans.aspx https://www.alberta.ca/covid-19-supports-for-albertans.aspx The unfortunate reality… Continue Reading “COVID19 Resources – Personal & Business (Updated 07/21/2020)”
Category: EntrepreneursTags: Accountant, Corporate Tax, Design, development, divorce & separation, Entrepreneurs, featured, gallery, image, Leadership tips, link, page, portfolio, post, reader, Reasons your business needs an accountant, Small business, small business tax tips, Small Businesses Fail, Software, Standard, Tax tips, Tax Videos, text, UI/UX Development, video