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Should you register for GST/HST and QST and What it Means to Be Zero Rated

Ronika Khanna CPA,CA

When starting your new Canadian small business or launching into self employment, it is essential to determine whether you are required to register for GST/HST (and QST if you have a started a business in Quebec ). The $30,000 limit applies to the last 4 quarters of revenues.

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How to File Your GST/HST Return Using CRA My Business Account

Ronika Khanna CPA,CA

This means that you can no longer use the paper form. The good news is that it is quite easy to file the return online and, in most cases, probably saves you time since you don’t have to put it in an envelope, affix a stamp and take a walk to a mailbox. Step 1 : First, make sure you have signed up for CRA My Business Account.

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How to Start a Business on Etsy || 20 Tips to Sell on Etsy Successfully

Snyder

If you’re wondering how to sell on Etsy, what your Etsy store cost will be, and whether Etsy is worth your time, we have good news for youyou don’t have to learn the hard way. If you’re new to Etsy and want to make sure you’re doing everything right, it’s essential to have a guide on how to set up an Etsy account.

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Amortization in accounting 101

ThomsonReuters

These are non-physical assets like patents, trademarks, licenses, copyrights, lease agreements, customers lists, and internet domain names. Intangible assets are purchased, versus developed internally, and have a useful life of at least one accounting period. It is the concept of incrementally charging the cost (i.e.,

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The Ultimate Guide to the Accounts Payable Process

Snyder

Whether you’re a small business owner or a manager within an international enterprise, keeping track of your spending and payments is an essential part of running a successful company. Within your finance department, you may have an accounts payable team or an individual who takes charge of it. It’s also non-stop. Contents: 1.

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How to Dropship on Amazon or Everything You Need to Know About Successful Amazon Dropshipping

Snyder

Among a variety of e-commerce platforms there are doubtless leaders like Amazon, eBay, Shopify, Etsy, Walmart, that have huge outreach, lots of useful tools and great reputation with customers. e-commerce market, with global net sales of US$ 131 bn in 2021. This choice predetermines and sometimes limits the products you choose to sell.

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5 Steps to a Complete Sales Tax Filing Process

TaxConnex

Sales tax is more complicated than ever, especially in a post-Wayfair world. And what’s worse is that everyone who says they’re simplifying sales tax is still leaving the hardest parts – and the liability – up to you. Don’t let sales tax compliance overwhelm you.

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