Whenever a business expands, outsourcing accounting can be beneficial. An experienced accounting firm has experts who can handle all your tax and accounting needs. In addition, they can audit your processes and controls to ensure records are correctly kept and provide taxation services to assist you in preparing tax returns and lowering your taxes.

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For an average taxpayer, understanding the tax filing process is confusing as it is, and trying to find how much tax deduction you can make when to claim a tax refund, or what income is tax-free, and so on can seem exhausting. In such situations, it’s important to consult with a knowledgeable and reliable tax advisor to help you with your tax decision. They can create an effective tax plan for you and ensure you stay above your tax obligations.

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

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Link to Original Article: https://www.advisor.ca/tax/tax-news/cra-tax-tips-for-the-self-employed

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Link to Original Article: https://www.advisor.ca/news/economic/funding-for-child-care-expected-in-upcoming-budget

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Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

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Link to Original Article: https://www.advisor.ca/tax/tax-news/proactive-tax-planning-for-2021

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Link to Original Article: https://www.ontario.ca/page/ontario-budget-basics

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Link to Original Article: https://globalnews.ca/news/7424806/cra-double-payments-cerb/

Original Article Source Credits: Advisor's edge, https://www.advisor.ca

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Original Article Posted on: November 20, 2020

Link to Original Article: https://www.advisor.ca/tax/tax-news/tfsa-limit-for-2021-released

Original Article Source Credits: SP The Bullet, https://socialistproject.ca 

Article Written By:  Doug Allan and School Magazine

Original Article Posted on: November 23, 2020 

Link to Original Article: https://socialistproject.ca/2020/11/the-ontario-budget-hard-times-ahead

Original Article Source Credits:   MoneySense , https://www.moneysense.ca/

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Link to Original Article:  https://www.moneysense.ca/save/taxes/what-you-need-to-know-about-your-2020-income-taxes/

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

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Original Article Posted on:   2020-11-05

Link to Original Article:  https://www.canada.ca/en/department-finance/news/2020/11/government-introduces-legislation-for-new-targeted-support-to-help-businesses-through-pandemic.html

Original Article Source Credits:   CBC News , https://www.cbc.ca/

Article Written By:  Mike Crawley

Original Article Posted on:  Nov 05, 2020

Link to Original Article:  https://www.cbc.ca/news/canada/toronto/ontario-budget-covid-19-1.5789226

Your entrepreneurial journey consists of multiple accounting and finance preparations. Although this might seem like a trick of the trade, it is much more complex and chaotic, and one slight mistake can conclude into a substantial negative impact, financially, on your organization. This includes paying Government fines and penalties of several sorts. 

To keep the financial aspect of your business at its best, filing and preparing taxes correctly is essential along with maintaining accounts. With new rules and regulations being introduced, keeping up and doing your taxes accurately can be difficult, which makes tax preparation a cumbersome process. Moreover, even the smallest of errors can put your business at risk. 

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