How Can an Accountant Help You with Depreciation?

Posted on 21 April 2023

Depreciation is a term that's often thrown around in the world of finance and accounting, but what does it actually mean? Simply put, depreciation is the decrease in the value of an asset over time. This applies to anything from buildings and equipment to patents and trademarks. Remember, failing to account for depreciation properly can have serious consequences for your business. So, what is the importance of depreciation, and how can an accountant help? [Read More]

How to Present Your Business When It's Time to Sell

Posted on 7 November 2022

Many baby boomers are planning to retire over the coming years. If they are small business owners, they may be looking to pass their corporation on to a third party as a going concern. If you're in this situation, you may be very attached to your "baby" and want to ensure that the people who take over have the interests of your customers and staff at heart. But you also want to ensure that you get as much money as possible for the transaction and this is where structuring and preparation can make a huge difference. [Read More]

Four Benefits Of Using Business Tax Accounting Services

Posted on 8 June 2022

As a business owner, one of your main concerns is to ensure that you are compliant with all the tax laws and regulations. However, this may be difficult for some small business owners who don't have time to deal with the tedious task of filing taxes. Here are four benefits of using business tax accounting services: 1. Business Tax Accounting Services Save You Time On Tax Filing It takes a lot of time to file taxes, especially if it's your first time doing it. [Read More]

Employers, Are You Confused by Fringe Benefits Tax?

Posted on 4 January 2022

If you own a small business and employ others, you may have had to be creative when first recruiting by offering certain "frills" to draw staff away from your competition. Yet you do need to account for these add-ons and other payments in kind, as the tax regulator considers them to be fringe benefits. What do you need to know about your obligations as you prepare to lodge your end-of-year returns? [Read More]

About Me

Getting Ready For Tax Season

When I first started my online business, one of my biggest fears was the day I needed to file my first business tax return. I was really worried that I was going to mess things up. Thankfully, with the help of my amazing accountant, it turned out that my fears were not justified. I have started this blog so that I can pass on my accountant's advice of tips and techniques to get ready for tax season. All small business owners need to know how to claim every deduction available to them so that they can reduce the size of their tax bill. Don't leave your tax return up to fate when you can empower yourself with useful knowledge by using this blog.

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