Incorporating a business
So you have a business and you may be wondering what the benefits of incorporating your business are. The process of incorporating your business can mean anything from protecting your assets from creditors and lawsuits to tax benefits and keeping your money in your pocket.
Government Filing Requirements
Every new year ushers in new rules, new income tax rates and new payroll tax rates. As a business owner, you must stay informed of the proper filing regulations and deadlines, or you run the risk of paying additional penalties and interest.
As a small business owner, it is important to arm yourself with the latest information regarding allowable business expenses. From office rent (or home-office expenses if you work from home), accounting & legals fees and vehicle expenses, these tax write-offs are just examples that will help you to reduce your business’ taxable income and taxes payable.