5 Tips to Avoid a Tax Audit of Your Small Business
In the life of a small business owner, few words strike fear into the heart as strongly as “tax audit.” The thought alone can trigger visions of endless paperwork, costly fines, and the potential for disruptive business operations. But with the right knowledge and preparations, the specter of a tax audit doesn’t have to haunt […]
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Navigating the Personal Tax Landscape: To CPA or Not to CPA?
In the era of do-it-yourself tax software and abundant financial advice online, the question of whether to hire a Certified Public Accountant (CPA) for personal taxes has become increasingly complex. My stance on this debate is nuanced; while reaching a specific income level may make the decision to enlist a CPA’s services more straightforward, the […]
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The Unexpected Costs of Being Self-Employed
Many people find that being self-employed is a dream come true. You get to be your own boss, on paper, that’s great! You can work the hours that you want, you get to pay yourself, yeah, that’s fantastic! The advantages of self-employment are numerous and include flexibility, control over your work schedule and income potential. […]
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How To Handle Your US Tax Return In The UK | Money Hints
Taxes are not only boring and time-consuming, but they provide us with one of the largest headaches that any government process can offer. Whilst most people know what is required of them, either personally or for business, tax returns nearly always get left to the last minute. Procrastination is a false friend here, though. It […]
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The Importance Of Representation If You Can’t Pay Your Taxes
We can all suffer from a downturn in our financial health at any time. Often, we are a victim of circumstances, but it can also come about as a result of poor business strategy, or bad planning. Photo credit to Bark Too often when people find themselves in debt, they start to take on more […]
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Income Taxes: What Happens When You Owe | Money Hints
Most people do their taxes every year with little or no fanfare. Maybe they have a minor life change, like changing jobs or moving, that might make a small difference to their overall tax picture; but many won’t have any major changes. However, there are others who have major changes that influence not only their […]
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Get To The Root Of The Problem With A Tax Specialist
Taxes are an issue that are a yearly reality in the lives of private individuals, as well as businesses. Everyone is required to report and file income taxes in Canada and when things go awry in a business or in personal lives, which can sometimes translate into problems at tax time. In fact, many people […]
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