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Check out our Tax Tips with The Mad Accountant
TTT: Know Your 2024 Taxes Early
Do you dread tax season? Is it a stressful time of year for you? Wondering what you're going to owe? There is a good way around this, and it just takes some preparation and a little bit of forecasting. Of course, that can be tough, but that's why we bring in the professionals.
TTT: 2024 Tax Review Season
It's time for the 2024 Tax Review season to begin! The dreaded brown envelopes from the CRA have started pouring in, and that means it's time for me to start reminding people to actually open and read all their mail. If you don't respond to these notices, it could cost you THOUSANDS!
TTT: Paying Your Kids
Small businesses are excellent ways to write off various expenses so you don't have to pay taxes on them. One very popular method of doing this is by hiring your kids to work for your business. This is great for you and for them, and can be very lucrative for everyone involved. BUT, just because they are your kids does NOT mean you and they are exempt from tax and labour laws!