Small business owners and self-employed individuals benefit from a considerable number of pro-business tax deductions. Yet not every expense qualifies as a business deduction, and in some cases, something as simple as how you pay for an expense or how you report it can affect your tax liability.
That is why we provide sole proprietors and small business owners with tax planning and advisory services. Based in Calgary, we are happy to work with you to determine:
- Potential Deductions and Write-Offs
- How to Reduce Your Tax Liabilities
- What Counts as Income
- How to Structure Your Business to Improve Deductions
- What Estimated Payments to Make to Avoid Fines, and More
The same benefits that sole proprietors have to reduce their tax liabilities can also be problematic, potentially leading to mistakes and mismanagement. In addition, you have your own tasks that need to be completed in order to earn revenue, and spending countless hours working on your accounting can only cause you more financial stress.
Let Calgary Accounting help you plan your personal and business taxes, or advise you along the way. Contact us today at (347)460-5492 to learn more about these services, or to schedule an appointment with one of our accounting experts.