Which business costs can I claim as tax deductible expenses?
There are many business costs that you can claim as tax deductibles and some that you cannot. For example, some business gifts can be written off, but others cannot. The boundaries can sometimes be blurred on what qualifies as a tax write off. Having one of our Chartered Professional Accountants help you with your business tax filing can clear up all of your questions.
What tax records do I need to keep for my business?
We would advise you to keep any document that shows income or deductions along with your tax records for six to seven years.
What is the most appropriate tax structure for my business?
There are three different business structures:
- Sole proprietorships
Each one is treated differently by tax law, having one of our accountants work with you can help outline what tax laws apply to your business!