Starting a new business…. there are many different to structure your business to ensure that you are compliant with all the rules legally. Typically, Sole Proprietorship, Partnership, Limited Liability Company (LLC) and Corporations (most common type of small business. All these types of companies carry their own advantages and disadvantages. This article will provide an […]
At Ramanjeet Tung CPA Professional Corp, we have knowledge and experience of working with many retail businesses. Our esteemed clients retail online and from a store. We help our clients with inventory management, and cash flow. We assist our clients with tax planning and preparation so they can minimise taxes strategically. We can help with […]
Audit, Review & Compilation: How Does it Matter Businesses provide their financial statements, along with a CPA’s report, to investors and lenders. This report provides various levels of assurance to the readers based on the type of report. All these reports are not the same. A CPA provide all levels of services related to financial […]
The kickoff for 2021 filing season is due on February 22, 2021, which means all the eligible taxpayers have to create and maintain the latest report of their transactions. For most Canadians, the last date for filing taxes is on April 30, 2021. The deadline extends for the people who are self-employed or have a […]
There are a lot of ways available for filing taxes in 2021. You can choose any of these options according to your preference. Some of these options include: Online Tax Software: Many brands of tax software offer you ways to file your taxes. You can choose either the free versions or paid versions depending on […]
The government levies penalties on late or delayed tax filings. If you have an unpaid tax balance, you are likely to have to be charged with a penalty. However, if you are getting a refund or have zero tax balance, you can return taxes after the deadline without any penalties. Here are the penalties for […]
Whether you are mandated to file tax or not depends on whether you owe tax to the government. If you don’t, you may not need to file tax returns. Nevertheless, there are a few other aspects that influence your return filing compulsion. If you are expecting a tax refund then it is obvious that you […]