Questions to ask before hiring an Accounting firm | Abdullah CPA
Hiring an accounting firm is an important decision for your business. To ensure you make the right choice, here are some questions you should ask before hiring an accounting firm: Remember, in addition to asking these questions, it’s crucial to evaluate the firm’s overall reputation, reliability, and compatibility with your business’s values and goals. Taking […]
What is a Section 85 Rollover and Why Would I Use it?
A Section 85 Rollover can be used to reduce personal taxes when incorporating your sole proprietorship. This article will explain how a Section 85 Rollover works and give some examples to illustrate this tax planning technique. Section 85 Rollover Guide A Section 85 Rollover can be used to reduce personal taxes when incorporating your sole […]
Converting A Sole Proprietorship To A Corporation
Just in case this is the first post of mine you’re reading, a little introduction is called for. I’m Abdullah, a chartered professional accountant and tax expert in the Mississauga and Toronto regions of Ontario, Canada. This article is about converting a sole proprietorship to a corporation. Why? So, why should you change to a corporation […]
Free Bookkeeping Sheet for Self-Employed | Abdullah CPA
Click the link to create a copy an download the Free Excel Bookkeeping Sheet for Self-Employed in Canada. Free Income Expenses Tracking for Self Employed in Canada
Should I Incorporate? The Pros and Cons of Incorporating your Business
Should I Incorporate My Business? The short answer is that it depends on many factors, including: And that’s just to name a few. The issue is a complex one, but this comprehensive guide to business incorporation will help you understand the pros and cons of incorporating your business in Canada. We will look at examples […]
What is a Section 85 Rollover?
A Section 85 Rollover can be used to reduce personal taxes when incorporating your sole proprietorship. This article will explain how a Section 85 Rollover works and give some examples to illustrate this tax planning technique. We’ll also look at the Form T2057 that is needed to file the election and show an example of […]