Ronika Khanna CPA,CA

MAY 26, 2023

While submitting your tax return is accompanied by a significant sense of relief, one cannot completely relax until you receive the notice of assessment from Revenue Canada (and Revenue Quebec for those of you lucky enough to file two tax returns). It also provides information pertaining to future years.

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xendoo

AUGUST 24, 2021

How do taxes factor in? Tax filing is simplified too! How to Pay Your Taxes. Sole proprietorships are considered pass-through entities , meaning the IRS views your business, personal assets, and liabilities as one in the same. Because of this, you are only required to file a personal tax return.

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xendoo

DECEMBER 3, 2021

The end of the year is a hectic time for small business owners. Between catching their breath after tax season and managing holiday traffic and sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. . Employees need this information to file their personal tax returns. .

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MazumaBusinessAccounting

MAY 31, 2022

Remember, the IRS recommends keeping tax-related documents for at least six years. Documents such as tax returns, receipts, bank statements, or pay stubs can also be kept in a safe deposit box or simply a locked file at home. Need help organizing your business financial records? Why should you keep some items permanently?

tax return 98

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Ronika Khanna CPA,CA

FEBRUARY 9, 2024

Quebec Income Tax Box 10 (Impot du Quebec) is the amount of income taxes deducted from employee's paycheques Health Services Fund (FSS) Box 28 This represents the gross payroll and is generally only required if the corporation is in the primary and manufacturing sectors as there is a reduced rate for these types of business.

payroll 98

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xendoo

MARCH 16, 2022

They can use their personal accounts for business, but we strongly advise against it. Here’s why: It will make it easier to file taxes for your business (since they are separate from your personal accounts). Your accountants and bookkeepers can monitor the account more freely. Business license.

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xendoo

OCTOBER 18, 2021

Stay Current with All Taxes. Retailers often have to deal with two different types of taxes: business taxes and sales tax. Every state has its own regulations when it comes to filing sales taxes. Streamline Your Processes with Accounting Software.

Account 52

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xendoo

DECEMBER 15, 2021

Catch up bookkeeping accelerates business growth by increasing financial visibility, which enables business owners to make decisions based on accurate information and remain tax-compliant throughout the year! Tax Compliance. Breathe a sigh of relief – catch up bookkeeping takes the headache out of tax season!

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xendoo

MARCH 18, 2021

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. Or the interest!?) .

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CPA Practice

JANUARY 10, 2024

The report says the IRS virtually eliminated its backlog of unprocessed original individual income tax returns (Forms 1040) and substantially improved telephone service. The areas in which taxpayers continued to experience delays were primarily those that required employees to process tax returns and taxpayer correspondence.”

tax return 64

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5 Minute Bookkeeping

OCTOBER 28, 2021

Accounting software: QuickBooks Online Accountant. Since we work with e-commerce clients, we use A2X to integrate e-commerce apps to QuickBooks Online. Next, we set them up in our company systems, whether it’s QuickBooks Online, CRM systems, etc. 3: Kickoff meeting.

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CPA Practice

JANUARY 12, 2024

the technology company that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , has integrated TurboTax into Credit Karma and QuickBooks Online, allowing customers to prepare and file their 2023 taxes within those programs’ interfaces. At the same time, being compliant is also among small business owners’ top concerns.

quickbooks 114

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xendoo

OCTOBER 15, 2021

This is partly due to the specialized considerations that go into accounting for online sales. Finding the right CPA for Amazon sellers means finding an accountant that is intimately familiar with the needs of online merchants. They Understand Tax Code. They Can Help You Grow Your Business.

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