Calculating your Net worth
You may often have come across the term “Net worth”. Your Net Worth provides a snapshot of your financial situation at any point of time. Whether you want to avail a loan or for other financial purposes, the calculation of
Understanding the tax deductions on your pay
As an employee you may have certain doubts or may not be fully clear in regard to the deductions which are made by your employer on your pay. We at “The Accounting Tax” have been into financial consulting since long
Your responsibilities as an employer: Know the payroll steps
You may have a business where in you have employed some employees. However, you must realize that as an employer you have certain responsibilities which need to be fulfilled diligently. We at The Accounting and Tax provide payroll services along
Some facts about non-residents tax filing in Canada
Are you a non resident of Canada looking for tax filing solutions? If so then you would know that there are various aspects about filing your tax returns as a non resident in Canada. You must have a clear conception
Facts you should know if your tax return is reviewed
Are you aware of tax reviews? Following the submission of your tax return, it is possible that the Canada Review Agency (CRA) may contact you for a tax review. This is not the same as a Tax audit. But if
Who is the Ideal Tax Consultant in Toronto?
Tax consultants are more than just people who you call at the end of a financial year! To make the most of the tax savings under Canadian or the U.S tax laws, you need to have a competent tax consultant
5 Simple Tips for preparing and filing your tax returns
No matter whether you are a salaried employee, a self-employed or a business owner or any other professional you need to file your tax returns on a regular basis. This may be a daunting task if you are not familiar
Beginner’s Guide to Prepare for Income Tax
For most salaried individuals in Toronto, paying income tax is not much of a problem. Usually, employers take care of the payment and all you have to do is file a return every April. The returns will validate your income