TaxSense for Small Business
Date and Time
Tuesday Jul 12, 2022
10:00 AM - 1:00 PM MDT
Location
Virtual
Fees/Admission
https://smallbusinessbc.ca/education/taxsense-for-small-business-2022-07-12
Description
Hosted by Small Business BC
Finding Tax Savings for Small Business
Course Description
Whether you are starting or looking to grow your business, the business structure you choose can have a massive impact on your profits and tax situation.
Join a representative from Loren Nancke Chartered Professional Accountants and learn accounting essentials, responsibilities and dates involved with managing a small business. You’ll discover the deductions available to you, the tax benefits of each structure and discuss when it’s time for your small business to incorporate.
What Will I Learn?
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The differences between sole proprietorships, partnerships and corporations
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The tax implications of each structure
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What the CRA considers taxable income
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Hiring subcontractors versus employees
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Situations where you can claim tax deductions on automobile or home office costs
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The different financial statements and information required in each
