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Accounting Tips for Start up Freelancers

Cheap Accounting

Directors have legal obligations bestowed on them when they are appointed including keeping accounting records and filing accounts. In the past the attraction of a limited company had been enhanced due to lower taxes on the profits extracted from the business. Income tax is explained at [link].

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

xendoo

How Do I Pay My Taxes as a C-Corporation? C-Corporations are considered separate legal entities from their owners. This means that the business is taxed at the corporate level, with dividends being taxed again at the shareholder level, resulting in double taxation.

Tax 52
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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. How do you file your GST/HST returns?