Small Business Tax Facts
About this ebook
Makes sure you don’t miss any deductions by providing a comprehensive list of expenses that you as a small business or self employed owner claim, and explains them in detail with easy to follow examples
Explains simply the key basic tax concepts that every taxpayer should know
Provides details on how to do your accounting and what you need before preparing your tax return
Takes you step by step through the process of completing the T2125 business tax return schedule along with examples
Explores the more complex sections such as capital cost allowance, motor vehicle/car and home office expenses
Takes you through the process of understanding and completing your GST/HST returns plus a special appendix on provincial sales taxes
Discusses eligibility of common expenses that are less straightforward
About the author
Ronika Khanna is a Chartered Professional Accountant (CPA), Chartered Accountant (CA), and Chartered Financial Analyst (CFA), and the founder of Montreal Financial, an accounting, tax and financial consulting services business. After having worked as an accounting professional for several companies, both in Canada and Bermuda, including PricewaterhouseCoopers (PwC) and ING Risk Management Limited, she decided to launch her own business, focusing primarily on the accounting, tax, and financial needs of small business owners, start-ups, and independent contractors.
She has helped numerous small businesses with their financial, accounting and tax reporting over the years, which has allowed them to run their businesses more effectively and profitably. She wrote this book to try and help small business owners gain a better understanding of their tax obligations and provide guidance to those who want to do it themselves.
