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
Are you a Newcomer to Canada? You must know your Tax Obligations
It is possible that you have left another country to settle in Canada. If so then you must be aware of your tax obligations. We at The Accounting and Tax have been providing professional tax consultation to individuals and clients
Penalties for not reporting income: Facts you must know
When it comes to reporting your income while filing your income tax returns you might be a bit casual. You may miss reporting some of your incomes. However, this may have serious implications. We at The Accounting and Tax are providers of
Planning to set up your Small Business in Canada? Checklist to follow
In case you are planning to start your own business in Canada, you should be aware of the fiscal obligations and their implications. We at The Accounting and Tax provide you with a list of things you must consider while starting your
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
Disclosure norm requirements in the US explained
The US tax laws require a lot of financial information in regard to your finances. There may be a situation wherein you or your family members may have direct or indirect control over a non-US corporation and you may also
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