No one likes the idea of an audit, but the fact is that they can happen to anyone. If you’re unlucky enough to be selected for an audit, it’s important to have the help of a professional. At Silver Peak Accounting, we offer tax audit support services that can make the process much easier for …
If you’re a business owner, it’s important to know what reconciliation services are and how they can help your business. Reconciliation services provide a way for businesses to track their spending and identify any discrepancies between their records and the actual transactions that have taken place. This can help businesses save money by catching mistakes …
As a Canadian taxpayer, it’s important to be aware of all the services offered by the Canada Revenue Agency (CRA). One such service is the CRA My Account. This online account allows taxpayers to view their tax information and history, make changes to their personal information, and more. In this post, we will walk you …
When you start a company, one of the first things you need to do is figure out how you’re going to take money out. There are a few different ways to do this, and each has its advantages and disadvantages. In this post, we will discuss the different tax-efficient ways to withdraw money from your …
Tax-Efficient Ways to Withdraw Money from Your Company Read More »
Self-employment can be a great way to make money and have more control over your work life, but it also comes with some unique tax challenges. In this post, we will discuss some of the most common tax deductions and benefits available to self-employed individuals. We will also provide tips on how to take advantage …
If you’re a small business owner in Ontario, you’ll know that with so many other things to be responsible for, managing your small business’s finances can be overwhelming, not to mention time-consuming. This is why many entrepreneurs have decided to use professional bookkeeping services for their small businesses, here are a few signs it might …
Are you wondering when do I file my taxes in Canada? The deadline for personal income tax returns is April 30th. However, if you owe money to the government, you will need to pay your balance by April 30th as well. If you are expecting a refund, the Canada Revenue Agency (CRA) will send it …
There are two types of business entities that you can choose when you file your taxes: a sole proprietorship and a basic corporate tax return. Both have their benefits and drawbacks, so it can be difficult to decide which is the best option for your business. In this post, we will discuss the pros and …
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Are you tired of dealing with mountains of paperwork every month? Are you looking for a way to make your bookkeeping process more efficient and streamlined? If so, then you should consider transitioning to a paperless bookkeeping system. Let’s talk about the benefits of going paperless and offer some tips on how to make the …
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Are you struggling to keep track of your business receipts? Are you unsure of what the best way to organize them is? Don’t worry, you are not alone! Continue reading to learn some tips on how to organize your business receipts.
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