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.

Whether you’re running a home or a business, it’s vital to plan a budget, manage cash flow, and file taxes accurately. However, if these accounting processes are ignored, it could lead to financial problems sooner rather than later. Therefore, to stay on top of the books, it’s essential to work with a professional.

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Original Article Source Credits:   Conseiller , https://www.conseiller.ca/

Article Written By:  The editorial staff

Original Article Posted on:  June 16, 2021

Link to Original Article:  https://www.conseiller.ca/nouvelles/fiscalite/modifier-sa-declaration-de-revenus-apres-lavoir-produite/

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

Article Written By:  MARGARET CRAIG-BOURDIN

Original Article Posted on:  04.09.2020

Link to Original Article:  https://www.cpacanada.ca/fr/nouvelles/canada/2020-09-04-budget-paiements-numeriques

Original Article Source Credits:   Journal De Montreal , https://www.journaldemontreal.com/

Article Written By:  DANIEL GERMAIN

Original Article Posted on:  9 novembre 2020

Link to Original Article:  https://www.journaldemontreal.com/2020/11/09/un-programme-federal-genereux-mais-ignore-des-contribuables

Original Article Source Credits:    Conseiller , https://www.conseiller.ca/

Article Written By:  Me Maxime Alepin with the collaboration of Me André Perron

Original Article Posted on:  5 novembre 2020

Link to Original Article:  https://www.conseiller.ca/pme/chroniques/certaines-depenses-dentreprises-admissibles-meconnues-des-pme/

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