Our expertise helps our clients understand how new tax regulations affects their business
Curious to know how the Canadian tax system applies to OnlyFans (OF)? Generally, you are responsible for paying your portion of income tax if you have joined OnlyFans as a performer and have begun earning money.
Quick Answer: The meals and entertainment deduction in Canada is 50% of the lesser of what you paid and a reasonable amount, under section 67.1 of the Income
Working from home has real costs, and the CRA allows you to deduct a portion of them through the home office expense deduction. But the rules are more
You can make a living if you have a talent for creating content in writing, videography, photography, design, or social media. And if you’re making money as a
Article Key Takeaways Corporation automobiles are often used for different purposes, varying on the income and taxable benefits between personal use or business use Taxable benefits are found
Every year, many Canadians move their primary residences for a new job, start a business, or full-time post-secondary education. Relocation for many individuals can cause a lot of
Key Takeaways: Business owners can significantly reduce their tax payments by claiming deductions on their ongoing expenses Some of the most common tax write-offs include office expenses, car
Our team is ready to discuss your business needs and answer any questions you may have. Use our quick contact form to get in touch with us
CPAs (Chartered Professional Accountants) provide a range of financial services, including tax preparation, auditing, financial planning, and consulting to individuals, businesses, and organizations.
Put simply, most small businesses do not require monthly reports on their sales and expenses which would require monthly bookkeeping. Year-end taxes allows business owners to figure out their financials at end of the year to file their tax return and pay their tax liability
Simple, as new clients we only require three things from you 1) Articles of Incorporation 2) Previously filed tax return 3) Bank statements for fiscal year in PDF format. Simple right? Yep, that’s all we will handle the rest
CPAs typically charge fees based on various factors, including the complexity of the work, the time involved, and the specific services required. Some offer flat fees, while others charge hourly rates. Most important factor is the time we spend on each file.
Nope! receipts and invoices can be the CRA which must be maintained for up to 6 years in case they request to review your business. We only require copies of the bank statements or a schedule provided by you
We assist corporate clients with personal taxes, emphasizing tax planning for incorporated business owners. Our electronic processes streamline the management and filing of personal taxes. Personal tax services are exclusively offered to our corporate clients and their partners, ensuring a personalized touch come tax time.
Our primary focus at FShad CPA is to help corporate businesses with their accounting needs. For simple tax returns such as T4 slips we recommend using over-the-counter tax preparation software. If you have questions regarding your personal taxes or investments, we will be happy to advise you
