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Accounting Tips for Start up Freelancers

Cheap Accounting

In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. With the introduction of the Dividend Tax and the increases in Corporation Tax, this advantage has been eroded for many unless you have larger profits (at least over £30,000).

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How Do I Pay Myself and My Taxes as an S-Corporation?

xendoo

Once approved by the IRS, you will file your S-Corporation taxes using Form 1120S. . To minimize error and maximize tax savings, partner with an online Tax CPA at Xendoo. We file your taxes for you so you can focus on growing your business. . Xendoo Online Bookkeeping , Accounting , and Tax is here to help!

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How Do I Pay Myself and My Taxes as a C-Corporation?

xendoo

C-Corporations file their taxes using Form 1120, which reports the business’s income, losses, credits, and deductions. To ensure that your C-Corporation taxes are filed correctly and on time, you can partner with an online CPA. We would love to get to know your business.

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Frequently Asked Questions About GST/HST By Business Owners

Ronika Khanna CPA,CA

For those of you who are starting a new business, it is essential to know your tax obligations. Every business owner must report their net profits on a either their personal tax return if they are unincorporated or a corporation tax return if they are incorporated. See here for additional information.