I have known Sharon her entire life and have watched her grown into the professional businesswoman she has become.. She has strived hard to reach her goals to educate clients and help with cash flow. She is passionate about learning and knowledge, Her newsletter, Tax Tips & Traps, is both informative and interesting, offering great, common sense information. She is an asset to many non-profit organizations and is a very involved in her community.—
Why do businesses require a business license to operate? Is there a purpose? Do they add any benefits to my business? Or is it just a money grab for the City? These are questions I am commonly asked so I thought I would do some research. Since I live and work in the Tri-Cities, that [...]
MAKING CENTS May 3, 2012 marked my one year anniversary of being in business. What a year it has been…a supercalifragilisticexpialidocious year!!! I am humbled at how fast my practice has grown in just one year and extremely grateful and thankful for the referrals that many of you have sent my way. Here’s to year [...]
I hear the following comments far too often: What types of expenses can I claim in my business? How do I reduce the amount of tax I pay? To answer the first question: basically, you can claim any reasonable expense that you incurred to earn income for your business. You can find a list on [...]
I recently came across an article called “Tax Tips for Freelancers”, which quoted an Accountant that said, “you don’t even necessarily have to go to an accountant” to get your taxes done. I definitely disagree with an article that states people can (and should) do their own taxes. I do believe that you can complete [...]
This post is dedicated to my friends at Mint Hair Lounge; thanks for the great blog idea on tips! There are many industries or jobs where employees receive Tips and Gratuities (i.e. hair stylist, barbers, servers, door person, bellhop, porter, car attendant, etc.). And often there are questions about whether these have to be reported and, of [...]
Sole proprietors are often confused when filing their taxes. I hear that their personal taxes have been filed but not their business taxes. This happens ALL THE TIME! So I am hoping that this information will clear up any confusion. When you are a sole proprietor, YOU are your business! The income from your business [...]
Who doesn’t like gifts and awards? That’s what I thought…we ALL like to be spoiled. And what better way to spoil your employees and yourself (as an employee of the company) than by giving gifts and awards that are tax-free to your employees and tax deductible to you as a company. Bet you are wondering [...]
With being in public practice for over 10 years, I have seen all sorts of “shoe boxes” when it comes to tax season (and corporate year ends too). When I decided to open my own business, I decided that as a one-person operation, having a few hundred clients come to me with shoe boxes was [...]
As of May 1, 2012, the minimum wage in British Columbia is increasing to $10.25 per hour. The exception will be to “employees serving liquor directly to customers or guests in licensed premises” who will max out at $9 an hour. Minimum wage had remained at $8 per hour for the past ten years and was the lowest [...]
In a recent article by the Vancouver Sun, “Most Canadians enjoy organizing their taxes”, I was quite surprised to hear that more than half the people surveyed (54%) actually enjoyed organizing their taxes. In the 12 years that I have been in Public Practice, I would guess that this number is closer to 10-20% of clients [...]
