7 Tips to Help Small Business Owners Prepare for Tax Season

The life of an entrepreneur can sometimes feel overwhelming when it comes down to accounting, tax filings and other similar matters. Often times, small business owners will overlook deductions or pay too much in taxes when they take on the responsibility. That’s why it’s essential to hire Chartered Professional Accountants (CPA) to assist you with your tax filings so you avoid any costly errors that may catch the attention of the Canada Revenue Agency (CRA).

Painless Ways to Improve Business Profitability

Running your business, you have likely thought to yourself, how can I improve my profitability? There are inexpensive ways to reduce costs, which can add up quickly and improve your profitability.

Canadian tax news and COVID-19 updates

CRA announces they will accept certain late-filed CEWS and CERS applications

On April 21, 2022, the CRA added questions 26-01 and 26-02 on their CEWS FAQ page. The CRA has guided on the circumstances where it will accept late-filed amended or original CEWS applications.