Small business, GST and payroll Quick guide
5 business expenses you should not assume are 100% deductible
Not every business cost comes off income in full. Meals and entertainment are generally limited to 50%.
Tax guides › Small business, GST and payroll
Small business, GST and payroll guides
The first year of a business decides whether the records will hold up later. These guides cover the questions that come up first. When is GST registration required? Which expenses are only partly deductible? What does a vehicle log need? What happens when you start paying yourself a salary?
Rideshare and delivery drivers have their own GST rule, and it is covered here too. If you have incorporated, the corporations guides pick up from there.
7 guides in this topic
Small business, GST and payroll Quick guide
7 GST rules small business owners get wrong about the $30,000 threshold
The threshold is $30,000 of taxable sales, not profit. Cross it in one calendar quarter and GST applies from the sale that took you over.
Small business, GST and payroll Quick guide
7 vehicle records business owners should start keeping today
Keep a log of every business trip with the date, where you went, why, and the kilometres.
Small business, GST and payroll Practical guide
Do I need to register for GST if I earned less than $30,000?
Usually not, but check two things. First, the $30,000 means your total sales, not your profit.
Small business, GST and payroll Quick guide
Uber, Lyft and food delivery: are the GST rules the same?
No. If you drive passengers for a rideshare app, you must register for GST the moment you start earning.
Small business, GST and payroll Quick guide
What goes into a business plan for a commercial loan? 7 parts lenders look for
A plan for a lender needs seven things. A clear description of the business. The owner's background.
Small business, GST and payroll Quick guide
You paid yourself a salary from your corporation. Did you forget the payroll remittances?
If your corporation pays you a salary, it is an employer. It must open a payroll account and take CPP and income tax off each pay.
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Tax Planning in SurreySelf-Employed and Small Business Tax Returns in SurreyBookkeeping, Payroll and GST Filing in Surrey
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