Medical Residents & Fellows Tax Tips
You have finished your medical degree – congratulations are definitely in order! This is indeed a monumental achievement, and one of the great aspects of achieving this degree is the prospect that now you are going to begin medical residency. In order to help medical residents with their tax returns and make the season as […]
Tax Deductions and Credits for Resident Physicians: Abdullah CPA
Being aware of the tax breaks that you may qualify for as a resident physician can help minimize the taxes you pay. Both tax deductions and tax credits reduce the amount of tax you pay. The difference is with tax deductions, the higher your marginal tax bracket (i.e., the higher your income), the more the […]
DENTAL HYGIENIST TAX DEDUCTIONS YOU NEED TO KNOW
Contrary to popular belief, dental hygienists can be independent contractors working for a dentist—they do not have to be employees. It all depends on their contracts with their employer. If your contract says that you are an independent contractor, then you are technically self-employed. As a result, you have to file your business taxes to the Canada Revenue Agency […]
Accounting Services for E-Commerce Businesses
Accounting services for e-commerce businesses The way business is done is changing rapidly. Many companies are entirely online, with no storefront, or, in some cases, no physical products. You need a tax professional with experience in e-commerce accounting services to help you reach your goals. Personal Taxes We’ll find the line between your personal and […]
Corporate Tax Return T2 Schedules – Abdullah CPA
When filing your corporate taxes, it is not as simple as simply filling out a T2 and filing it with the Canada Revenue Agency (CRA). In addition to the T2, there are also “schedules” that must be submitted to fulfil your corporation’s tax obligations. These T2 schedules are used to provide the CRA with supplementary […]
Filing a Corporate Tax Return T2 Canada – Abdullah CPA
Preparing your T2 corporate tax return can be an intimidating process. Whether you are a newly incorporated company or expanding your existing business operations, it can be daunting when confronted with the requirements and tax forms for filing a T2 return. If your corporation does not have an in-house accountant or accounting team, it is […]