Comments Off on Shaelene’s Tax Tip of the Week – June 2nd
Have you protected your business?
You qualify for a tax deduction if you have General Business Liability Insurance, Business Property Insurance, or Business Interruption Insurance. You cannot, however, claim life insurance unless you’ve used it as collateral for a business loan.
Have questions? Give us a call at 905-571-2665 (BOOK)!
Comments Off on Shaelene’s Tax Tip of the Week – May 26th
Did you know?
Claiming auto expenses is beneficial to reducing your taxable business income. Auto expenses include fuel and oil, license and registration, maintenance and repair, insurance, car washes, parking, tolls, interest paid on an auto loan and leasing costs. Be sure not to miss out on these costly expenses by being sure to save every receipt.
Have questions? Give us a call at 905-571-2665 (BOOK)!
Comments Off on Shaelene’s Tax Tip of the Week – May 19th
Shaelene’s Tax Tip of the Week – May 19th
Are you or do you know a student?Remember: the T2202A, the credits received from the eligible tuition and education amounts, last indefinitely. They can always be carried forward to the next tax term if you don’t feel the need to use them. The student will find the prepared T2202A on the school website.
Have questions? Give us a call at 905-571-2665 (BOOK)!
