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Tax Planning Tips to Reduce Your Tax Liability
Taxes are a necessary part of doing business, but that doesn't mean you should overpay. Effective tax planning can significantly reduce your tax liability. In this blog, I'll share valuable tax planning tips that can help you keep more of your hard-earned money.
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Payroll Outsourcing for Small Businesses: Is It Worth the Investment?
Managing payroll can be a daunting task, especially for small businesses. It's not just about paying your employees; it involves a myriad of tax regulations, deductions, and compliance requirements. In this blog, we'll explore whether payroll outsourcing is worth the investment for small businesses like yours.
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Why Your Business Needs Professional Financial Statement Compilation
Managing the financial aspects of your business is no small feat. It's a crucial part of ensuring your company's success and sustainability. In this blog, I'm going to shed light on the importance of professional financial statement compilation. We'll explore why it's an essential step for your business and how it can provide you with valuable insights for informed decision-making.
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Important Update on CEBA Deadlines for Canadian Businesses
The Canada Emergency Business Account (CEBA) has been a lifeline for countless Canadian small business owners during these challenging times. As part of our commitment to keeping you informed, J.M.J. Accounting & Tax Services Inc. is here to provide you with the latest updates regarding the CEBA deadlines. The government has extended key dates, affecting loan repayment, interest rates, and loan forgiveness, and we want to ensure that you are well-informed about these changes.
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Benefits of Hiring Professional Tax Preparation Services
Tax season can be a daunting time for small and medium-sized businesses in London and S.W. Ontario. Navigating the complexities of tax preparation while staying focused on day-to-day operations is a challenge many entrepreneurs face. At J.M.J. Accounting & Tax Services Inc., we recognize that professional tax preparation can make all the difference in ensuring your business's financial well-being. In this blog, we'll explore the various benefits of hiring our expert tax preparation services.
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Why Is Bookkeeping Important for Small Businesses?
For small businesses in London and S.W. Ontario, efficient bookkeeping forms the bedrock of financial success. However, many entrepreneurs underestimate the significance of maintaining accurate financial records. At J.M.J. Accounting & Tax Services Inc. we recognize that proper bookkeeping goes beyond mere record-keeping; it serves as a compass guiding your business toward prosperity. In this blog, we'll explore the crucial reasons why bookkeeping is essential for small businesses.
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What Does Your Accountant Need to Do Your Taxes?
As tax season approaches, small and medium-sized businesses in London and S.W. Ontario find themselves grappling with the intricacies of tax preparation. While some may attempt to handle their taxes independently, enlisting the expertise of a professional accountant can make a world of difference. At J.M.J. Accounting & Tax Services Inc., we understand the challenges that businesses face, and our team of skilled professionals is here to ensure a smooth and accurate tax filing process. In this blog, we will discuss what exactly does your accountant need to do your taxes efficiently? Let's dive into the essential elements.
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CRA can use arbitrary assessments to fill a filing void
Original Article Source Credits: Advisor's Edge, https://www.advisor.ca
Article Written By: Jamie Golombek
Original Article Posted on: May 9, 2022
Link to Original Article: https://www.advisor.ca/magazine-archives_/advisors-edge_/cra-can-use-arbitrary-assessments-to-fill-a-filing-void
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Can I withdraw from RRSPs to pay bills?
Original Article Source Credits: Moneysense, https://www.moneysense.ca
Article Written By: ALLAN NORMAN
Original Article Posted on: APRIL 13, 2022
Link to Original Article: https://www.moneysense.ca/save/investing/rrsp/early-rrsp-withdraw-to-pay-debt
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CRA begins sending debt letters to those who received pandemic benefits while ineligible
Original Article Source Credits: CBC News, https://www.cbc.ca
Article Written By: CBC News
Original Article Posted on: May 10, 2022
Link to Original Article: https://www.cbc.ca/news/politics/cra-debt-cerb-letters-1.6448462