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Tax Obligations Every Canadian Small Business Should Know

Ronika Khanna CPA,CA

for example payroll remittances are referred to as deductions at source). It is therefore prudent for both sole proprietorships and incorporated businesses to keep on top of their tax filings In this article I enumerate the tax obligations for most small businesses in Canada along with links to articles to help you understand each one better.

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How are S corporations taxed? Tips for filing and reducing taxes as a pass-through entity

ThomsonReuters

Jump to: How are S corporations taxed? How can S corporations reduce their taxes? You may wonder how the S corporation taxation generally works. The following guide offers numerous strategies and tips that owners of S corporations can use to lower their taxes, including deductions and credits.

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Accounting Tips for Start up Freelancers

Cheap Accounting

Whatever the size or structure of your business dealing with your accounts and tax returns comes with the territory. In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. Limited Company Taxes A limited company pays corporation tax on its profits.

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How Miami Became a Hub of PPP Fraud After Pandemic

CPA Practice

Lorquet, who attended high school in Miami Springs but did not graduate, submitted an online Paycheck Protection Program loan application on June 3, 2020, for Miami ENT to BlueVine, a California loan processor, claiming he had 10 employees and an average monthly payroll of $86,258. It took only two days for him to receive the funds.

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2024 UK tax deadlines and other important financial dates

Wellers Accounting

Tom Biggs ACA CTA, provides a comprehensive list of the tax and financial dates you need marked up in your calendar.

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How are C corporations taxed? Tips on how to avoid double taxation and reduce taxes

ThomsonReuters

Jump to: How are C corporations taxed? When are C corp taxes due? How do C corps file taxes? How can C corporations reduce their taxes? But what does that mean for your taxes? How are C corporations taxed? In 2024, the extension deadline for calendar-year businesses is Oct.

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Business Tax Rates: How Much Do Small Businesses Pay in Taxes?

xendoo

From tax law revisions to the overwhelming number of forms, understanding your small business tax rate and how to file can be difficult. Your business entity type and preferred filing status will also affect your tax rate. For example, LLCs that opt for the IRS to tax them as corporations are subject to corporate tax rates.