Small Business

Facts on Taxes Federal Income Tax Filing Taxes Personal Taxes Self Employed Taxes Small Business Taxes

What Triggers A CRA Reassessment?

Taxpayers in Canada are required to file their tax returns accurately and on time to avoid penalties and interest charges. However, even after filing, the Canada Revenue Agency (CRA) may conduct a reassessment of a taxpayer's return, resulting in additional…

Matthew RusselJuly 15, 2024

Facts on Taxes Federal Income Tax Filing Taxes Personal Taxes Self Employed Taxes Small Business Taxes

How Many Audits Does CRA Do A Year?

The Canada Revenue Agency (CRA) plays a pivotal role in maintaining the integrity of Canada's tax system by ensuring that individuals and businesses comply with tax laws and regulations. One of the key tools at the CRA's disposal is the…

Matthew RusselJuly 15, 2024

Corporate Business Taxes & Laws Facts on Taxes Filing Taxes Lottery Winnings Self Employed Taxes Small Business Taxes

Can An LLC Claim Lottery Winnings In New York?

Limited Liability Companies (LLCs) are a popular business structure that offers limited liability protection to its owners while also providing flexibility in taxation and management. On the other hand, lottery winnings can offer a life-changing amount of money to the…

Matthew RusselJuly 15, 2024

Corporate Business Taxes & Laws Facts on Taxes Lottery Winnings Self Employed Taxes Small Business Taxes

Can An LLC Claim Lottery Winnings In Florida?

In the vibrant landscape of business ventures, Limited Liability Companies (LLCs) stand as versatile entities, known for their flexibility and protective legal structures. However, as the pursuit of fortune takes various forms, an intriguing question arises: Can an LLC claim…

Matthew RusselJuly 15, 2024

Facts on Taxes Filing Taxes Personal Taxes Property Tax Self-Employment Taxes Small Business Taxes

Is House Insurance A Tax Deduction?

Homeownership comes with a wide range of expenses, including the cost of house insurance. While it is necessary to protect your home and belongings from unexpected damages, the added financial burden can be challenging for many homeowners. Fortunately, there are…

Matthew RusselJuly 15, 2024

Corporate Business Taxes & Laws Facts on Taxes Filing Taxes Self Employed Taxes Self-Employment Taxes Small Business Tax Credits Tax Deductions Taxes

What Are The Tax Benefits Of Starting A Small Business In The US?

Starting a small business in the USA can be a challenging yet rewarding venture. As an entrepreneur, it is important to understand the various tax benefits available to you, as these can greatly impact your bottom line. These tax benefits…

Matthew RusselJuly 15, 2024

Small Business

What Triggers A CRA Reassessment?

How Many Audits Does CRA Do A Year?

Can An LLC Claim Lottery Winnings In New York?

Can An LLC Claim Lottery Winnings In Florida?

Is House Insurance A Tax Deduction?

What Are The Tax Benefits Of Starting A Small Business In The US?

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