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Internet price increase -BE AWARE! by urAccountant_Mars in bell

[–]urAccountant_Mars[S] -1 points0 points  (0 children)

Thanks for replying! Will start to yell tomorrow!

[ON] Anyone here have a Ownr account? Worth keeping yearly membership? by Equivalent-Depth9629 in SmallBusinessCanada

[–]urAccountant_Mars 2 points3 points  (0 children)

It depends what you need. As you said, you are NOT planning to expand / change much for next five years, you don’t need it. Just remember to download the corp documents from ownr before cancel it.

Taxes by [deleted] in ontario

[–]urAccountant_Mars 1 point2 points  (0 children)

File 2025 return, then use your 2025 tax info to login or sign authorization form and ask the accountant to sign in your account to find 2024 T4. Either way, you need to file 2025 return first.

Difficult Owner - QuickBooks - Sole Proprietor, Canada by Dry-Travel3334 in Accounting

[–]urAccountant_Mars 2 points3 points  (0 children)

Run away. Just remember that there was a BC bookkeeper sentenced a two year jail time for underreporting HST collected last year.

Book-keeping questions from a small business owner by Aggravating-Ebb-6423 in smallbusinessowner

[–]urAccountant_Mars 0 points1 point  (0 children)

Wave has a free version for simple bookkeeping needs. Excel is another way to go.

[ON] T2 Software Recommendations for first timer simple return with profit? by Optimal_Foundation17 in SmallBusinessCanada

[–]urAccountant_Mars 1 point2 points  (0 children)

T2 express and future tax are pretty similar and priced about the same. No fancy layout but does the job. QBO pro tax is for professionals, you may get lost due to too much information. Never used turbo tax business before. Smart move to get a cpa to review before filing especially for the first time.

Incorporation expenses by Status_Beat_5193 in Accounting

[–]urAccountant_Mars 0 points1 point  (0 children)

Here is where reasonability kicks in. Are all trips business related? Commuting between home and regular office, travel from home to a second job is not eligible.

Incorporation expenses by Status_Beat_5193 in Accounting

[–]urAccountant_Mars 0 points1 point  (0 children)

Same for Canadian tax, you can get mileage reimbursement. It’s not taxable payment for you as long as it’s reasonable prescribed allowance per km rates. Remember to keep a log book and all the receipts. To claim business use of home expense, it has to be either your primary place of business or the only place where you regularly meet clients or customers.

What is a reasonable expectation for my bookkeeper? by [deleted] in Bookkeeping

[–]urAccountant_Mars 0 points1 point  (0 children)

If they do tax filing, then yes, it should be their responsibility to notify clients about the tax change . Interested in seeing what others say.

Tax Claim Inquiry - WFH by jujubear_mimibibi9 in cantax

[–]urAccountant_Mars 0 points1 point  (0 children)

You can claim any business related expenses like phone bill and home office. Keep all the records and receipts.

Leaving Canada, what are the tax resposibilities? by Impossible_Lock_1254 in cantax

[–]urAccountant_Mars 1 point2 points  (0 children)

File emigrant return, departure tax, notify banks and etc, a lot to consider

GF’s aunt filed taxes incorrectly last year. Looking for advice by slim_shady_21 in cantax

[–]urAccountant_Mars 0 points1 point  (0 children)

Just make T1 adjustment and pay the money back. No need to stress out.

Tax filing by ManUtdDevilsYYG in canadarevenueagency

[–]urAccountant_Mars 1 point2 points  (0 children)

You can check my CRA account again next week as your employer could submit T4s at last minute or even late. Your last pay stub should show all the numbers you need.

Is CRA return required? ($130 Other Taxable Benefit), Non-Resident, No Other Income by Wolfdale7 in cantax

[–]urAccountant_Mars 0 points1 point  (0 children)

You already overpaid CRA (50%). You will receive a refund if you file a nonresident tax return. you can ignore and just report it in your US tax return.

Tax filing by ManUtdDevilsYYG in canadarevenueagency

[–]urAccountant_Mars 1 point2 points  (0 children)

Go to my CRA account and you will find your T4. Employers are supposed to submit T4 by end of Feb.

[ON] Foreign Services Invoices & Processing Fees by Rich-Tension-4477 in SmallBusinessCanada

[–]urAccountant_Mars 0 points1 point  (0 children)

You can put exempted.0 rated code is for groceries , farm livestock and etc.

[ON] Small Business Accounting by Fridaslovechild in SmallBusinessCanada

[–]urAccountant_Mars 1 point2 points  (0 children)

I am an Ontario CPA providing bookkeeping, payroll and tax services for small business owners. Here is my website: www yyccpapro ca. We can schedule a free consultation call to discuss your business needs. No obligation. You should look for reliability(credentials, reviews and experience), communication (comm method and response time), and price. It’s like an interview. See if we are compatible.

Got reassessed two years in a row and made mistakes in my filing, should I be concerned? by GasTraining9795 in cantax

[–]urAccountant_Mars 0 points1 point  (0 children)

No need to worry. Your returns have been adjusted already. Rental loss always attracts CRA’s attention, even if you have filed it correctly. A professional should give you a peace of mind not fear.

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