Many small business owners tend to take the DIY approach when it comes to their organization’s needs. After all, that scrappy mentality is probably why your company has thrived in the first place. However, tax preparation is one thing you may want to leave to the experts instead. Why? Well, here are three reasons why …
3 Benefits of a Tax Preparer for Your Toronto Small Business Read More »
It’s the end of the year and tax season is rapidly approaching. 2020 brought the COVID-19 pandemic and a whole new circumstance that none of us have ever seen, which will also bring new tax implications. In addition to the pandemic, personal tax planning in Toronto can be difficult if you had a major change …
4 Reasons to Use an Accountant for 2021 Personal Tax Planning Read More »
We here at Leonard Tam of Toronto, Ontario believe it’s always a good idea to start preparing for tax season early. You may wonder, why use tax services when I can handle my taxes myself? We’re glad you asked. There are plenty of reasons for to use a professional when it comes to filing your …
It’s Time for Toronto to Start Preparing for Tax Season Read More »
Nearly all businesses in Toronto are considered small businesses, representing a crucial segment of the city’s economy. As a hub of innovation and commerce, Toronto’s economic landscape provides unique opportunities and challenges for local entrepreneurs. To function most optimally, small business tax deductions and preparations are essential for Toronto businesses’ financial soundness. Toronto’s small businesses …
3 Best Small Business Tax Deductions and Preparation Tips in Toronto Read More »
Owning a business in Toronto involves navigating complex financial landscapes, including meticulous financial planning, tax obligations, and diligent bookkeeping. You may find yourself in situations where you must deal with the CRA, which can be stressful. Instead, work with me, Leonard Tam, CPA in Toronto. You’ll have a knowledgeable, trusted advisor who’s here for you. …
Avoid Dealing with the CRA – Work with Leonard Tam, CPA Read More »
Let’s face it: there’s no simple part about starting and running a small business in Canada. Whether you’re a one-person team or are slowly expanding your operation, challenges and opportunities are likely ample. But setting up payroll for your small business in Canada doesn’t have to be daunting. With proper anticipation, planning, and execution, you …
What You Need to Know about Setting up Payroll for a Small Business in Canada Read More »
As a top tax planning company in Toronto, our team helps individuals and businesses prepare and file their yearly taxes. A common problem we see is that many people don’t start getting organized until well into April. Although you only have to file once per year, that’s not where your tax planning should end. Here are …
Top 3 Reasons Why You Shouldn’t Do Tax Planning Only Once a Year Read More »
If you’re considering the possibility of hiring an outsourced Chief Financial Officer (CFO), you’ve come to the right place. At Leonard Tam, we’re dedicated to helping your business achieve not only financial stability, but financial profits and success. Our financial experts are the best in Toronto and arguably among the best in the business. We …
What Is an Outsourced CFO? A Toronto Consulting Firm Explains Read More »
As a Toronto tax advisor, we know that clients often have the same queries and concerns about tax refunds. To help you understand more about how tax refunds work and how long the process typically takes, here are the answers to the most commonly asked questions we receive. Who Can Claim Tax Refunds in Canada? Any …
Your Tax Refund FAQs Answered by a Toronto Tax Advisor Read More »
As you may already have heard, the Canadian federal government has extended the 2020 tax filing deadline to June 1. According to the Canada Revenue Agency, the original filing date of April 30 was due to the COVID-19 pandemic currently wreaking havoc on the global economy. The extension is good news for those who need it. …
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