Whether you are starting or looking to grow your business, the business structure you choose can have a massive impact on your profits and tax situation.
WHAT WILL I LEARN?
The differences between sole proprietorships, partnerships and corporations
The tax implications of each structure
What the CRA considers taxable income
Hiring subcontractors versus employees Situations where you can claim tax deductions on automobile or home office costs
The different financial statements and information required in each
Presented by Small Business BC Join a representative from Loren Nancke Chartered Professional Accountants and learn accounting essentials, responsibilities and dates involved with managing a small business. You’ll discover the deductions available to you, the tax benefits of each structure and discuss when it’s time for your small business to incorporate