How should you do your taxes this year? Is it worth it to hire someone to do them for you? Or do you want to try filling them yourself? Should you send them in by mail, or do you submit them online? Before you begin, what forms and information should you have on hand? The answers are different for each individual. However, some basic knowledge can prepare you to make the right decisions, get your taxes done, and move on with your life.

To begin, let’s answer the question, what are business expenses? Also referred to as deductions, business expenses are ordinary and necessary costs incurred to operate your business. Business expenses can be further divided into fixed and variable expenses. Fixed expenses are regular and don’t change much. They include things like rent and insurance. Variable expenses are expected, but they can change. Some examples include sales commissions, gas for business vehicles, and shipping costs.

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

Article Written By:  NA

Original Article Posted on:  2020-10-09

Link to Original Article:  https://www.canada.ca/fr/immigration-refugies-citoyennete/services/visiter-canada/affaires/admissibilite.html

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

Article Written By:  NA

Original Article Posted on:  2020-07-15

Link to Original Article:  https://www.canada.ca/fr/immigration-refugies-citoyennete/services/visiter-canada/presenter-demande-afin-obtenir-nouveau-visa-resident-temporaire-canada.html

I’m Jie Tang, the proud owner of JT Comptabilité CPA et Consultation.

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