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All items tagged with: proprietorships

Keeping Businesses in the Family Through Financial Planning

Posted: October 31, 2017 By : Knowledge Bureau Staff
Posted in: Strategic Thinking , knowledge bureau, succession planning, Evelyn Jacks, Small Business, ce credits, tax course, tax preparation for proprietorships, income splitting, financial education, CE summits, business development, intergenerational issues, income sprinkling, family businesses, business builders, small business taxation, business succession, lifetime capital gains exemption, family debt management, year-end planning, tax workshops, Advising Family Businesses

Statistics show that only 30 per cent of businesses are transitioned to the next generation. However, we’re entering a time when family businesses are going to play a much more integral role in economic growth and development. Why is this, and what does that mean for advisors and tax professionals?

7 Factors for Classifying Your Side-Gig Income with the CRA

Posted: September 01, 2017 By: Evelyn Jacks
Posted in: Strategic Thinking , Tax Planning, CRA, Financial Advisor, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, income tax, tax advisor, tax deductions, tax preparation for proprietorships, tax education, tax preparer, entrepreneur, self-employment, side gig, taxpayer, proprietorships, sole proprietor, self-employed income, business ownership, extra income

About 32 per cent of workers are starting their own businesses on the side for a variety of reasons — including 25 per cent of those who earn more than $75,000 and 19 per cent of those with income over $100,000. For tax purposes, it’s critical to know the difference between someone who is employed and someone who is considered self-employed.

Certify Today to Meet Your Small Business Clients’ Unique Tax Filing Needs

Posted: March 25, 2014
Posted in: Your Professional Development, Succession & Estate Planning, Tax Planning , small business taxes, tax preparation for proprietorships

The tax filing deadlines for Proprietorships  is June 15. There is still time for you to earn a certificate to professionally complete income statements for the self-employed, partnerships, farmers, fisherman, and professionals in the most tax-efficient manner with T1 Professional Tax Preparation – Proprietorships. Save $50 by enrolling online today.