Filing Freelance: Tax Tips For Self-Employed Workers
With the new year, comes the approach of the dreaded tax season. However, there is no need to fear! For those who are self-employed or freelance workers, tax season can not only be overwhelming, but it can also be incredibly confusing. Let’s take a look at a few easy steps all self-employed and freelance workers should take to ensure their taxes are filed correctly and on time. Work With A Professional A big mistake self-employed workers make is skipping ahead and using eithe
WSIB: What Is It & Why Do I Need It As A Business Owner?
While business owners may see their workplace environment as safe, at any unforeseen time an accident can strike, leaving an employee injured and out of work, and an employer liable. To ensure your employees can receive financial compensation while out of work and that your business is free from legal liability, registering with WSIB was made a requirement. Let’s take a look at how registering your business and your employees with WSIB is paid for, taxed and how it benefits b
Identity Crisis: How to Categorize Your Business’s Legal Entity
When it comes to identifying the legal entity of your business, especially at tax time, it’s important to understand what makes you qualify for each category. Not only does each entity serve a different business structure by way of income and profit, each also has their own specification in regards to taxes. In order to avoid error and to understand your business’s financial liability, it’s best to have a full understanding of each category before defining the direction that
