Jan 21, 2020 | Virtual Accountant
Entrepreneurs need to understand what all of the various filing deadlines are says virtual accountant not just for their fiscal year and taxes, but also for their source deductions. Entrepreneurs need to ensure that not only are they filing their T4 and T5 slips on...
Jan 21, 2020 | Virtual Accountant
It is very important for entrepreneurs to ensure that they are filing their T4 and T5 slips on time, as well as being current on all source deductions says virtual accountant. The reason why is that entrepreneurs can avoid facing a payroll audit in their business....
Jan 21, 2020 | Virtual Accountant
Many entrepreneurs do not have previous business ownership experience says virtual accountant, and that puts them at a disadvantage for not knowing all of the different taxes that need to be paid, and when they need to be paid by. Michael Gerber, who is the author of...
Jan 21, 2020 | Virtual Accountant
Business owners may find themselves in a lot of trouble if they have not filed their T4 or T5 slips properly, or on time says, virtual accountant. The slips are extremely important because they tell Canada revenue agency how much money an entrepreneur has taken out of...
Jan 21, 2020 | Virtual Accountant
Avoiding an audit is beneficial for all entrepreneurs says, virtual accountant. Audits not only take significant amount of time, money, it could end up costing an entrepreneur more in taxes and interest. Since half of all entrepreneurs end up failing in business, and...
