Business structure plays an important role in tax perspective. Business structure in Canada determines how you will report income and which tax forms/returns you will have to use to report income to CRA. There are three most common types of business structures being used, which are as follows: Sole Proprietorship Partnership Corporation Sole Proprietorship A sole…
No matter what small business owners live with worries all the time. When one problem is solved there is another challenge ready to address and go ahead. This is the reality of small businesses. Here are few of the small business challenges they usually face and tips to address them and go ahead strongly and…
Small business owners face risks and challenges every day to compete and survive in this competitive market. To mitigate risks and overcome challenges they need to take proactive measures to stay strong and survive. Doing back office works such as bookkeeping, compliance reporting, reconciling bank/credit cards, customers and vendors accounts, calculating GST/HST, payroll and payroll…
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