167 Tax Tips for Canadian Small Business

Stephen Thompson 지음

Wiley 2010년 01월 11일 출간

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quot;...a book for every Canadian in a small or home-based business who is struggling with complex tax rules and regulations.quot;m-Dale Ennis, Canadian MoneySaverquot;...easy-going style and avoidance of the more mind-numbing details make for a solid primer on the perks and pitfalls of self-employment. The...one-sentence tips in the appendix are probably worth the price of admission alone.quot;m-Gordon Powers, The Globe and Mailquot;...one of the better books I've seen on the market for small-business owners and better yet, it's all Canadian content.quot;m-Linda A. Fox, The Toronto SunAs a small-business owner or a home-based entrepreneur, you have lots of questions about taxes, but very few answers. Fortunately for you, 167 Tax Tips for Canadian Small Business contains a wealth of tax planning advice and strategies to help you save on your business tax bill. So whether you want to do it yourself or reduce what you pay your accountant - not to mention the government - this is how you'll keep more money in your pocket, where it belongs.Packed with tax tips that will save you hundreds, or even thousands, of dollars year-round.Written in a question-and-answer format that's easy to understand, practical, and easy to apply.

Year-Round Tax-Planning Calendar xiPreface xvAcknowledgements xixRound 1 &n- Get Off to a Good Start 1What Is a Business? 1Should I Keep My Losses Low in the Start-Up Years? 6When Did My Business Start? 7What Types of Expenses Can I Deduct? 8Am I Really Self-Employed or Still an Employee? 8Round 2 &n- Keep Accurate Records&m-and Save! 11Why Should I Take the Time to Keep Records? 11For How Long Do I Have to Keep My Records? 13What Information Should I Keep? 13What If I Don't Get a Receipt? 14What If There Is No Description on a Receipt? 15How Can I Develop a Simple Record-Keeping System? 15How Do I Know If I Made Money? 21Can I Use the Cash Method for Reporting Business Income? 22What Is the Cash Accounting Method? 22What Is the Accrual Accounting Method? 23Do I Have to Use Accrual Accounting throughout the Year? 24Round 3 &n- Start with the End in Mind 27Must I Have a December Year-End? 27Why Would I Want a Non-December Year-End? 28Should I Have a December or a Non-December Year-End? 28What Happens If I Elect to Have a Non-December Year-End? 29What If This Is My First Year in Business? 30How Can I Minimize the Non-December Year-End Tax Problems? 32When Can I Choose a December Year-End? 34What Year-End Should I Choose for My Corporation? 34Round 4 &n- The Tax Rate Stairway: Easy Steps to Saving Money 37How Do I Use the Tax Rate Stairway to Save? 38What Are the Income-Splitting Techniques? 39The Family Income-Splitting Technique 40The Personal Income-Splitting Technique 52The Corporate Income-Splitting Technique 57Round 5 &n- To Incorporate or Not? A Taxing Question 61What Are the Common Business Structures ThatI Can Use? 61What Is a Sole

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저자(글) Stephen Thompson

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Stephen Thompson, CA, CFP, TEP,is a Partner with the accounting firm of Wilkinson Company, LLP. He specializes in taxation of small and home-based businesses and has delivered many seminars to clients and public groups.

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