Shaelene’s Tax Tip of the Week – March 11th

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! 905-571-2665

Shaelene’s Tax Tip of the Week – February 26th

Have you given your employee a gift recently? It isn’t always a taxable benefit. Non-cash gifts for a special occasion have an upper limit of $500, and non-cash gifts for a work anniversary have an upper limit of $500 every five years.  Anything in excess, however, is a taxable benefit.

Have questions? Give us a call! 905-571-2665