CRA Audits: What You Need To Know

Your Bottom Line | Sep 05, 2022

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Most taxpayers comply with the tax laws in Canada, but some don’t. That’s why audits are an important part of the Canada Revenue Agency’s (CRA) range of activities that are in place to make the tax system fair for everyone.

The Business Summit: Resilience and Reinvention

Your Bottom Line | Aug 02, 2022

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This year's summit will focus on how much stamina, creativity and recalibration a business requires daily. Like an iceberg you see the top; the business idea, product or service. But beneath the waterline lives significant resilience, reinvention and a drive to succeed – slowly and methodically.

Want to celebrate business agility by taking on a leadership role at this event or participate in the Business Expo? Please contact Lorna for sponsorship opportunities at opportunities@whitbychamber.org.

Do you work in the "gig" economy? Here’s what you need to know!

Your Bottom Line | May 15, 2022

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The gig economy is based on temporary and freelance work, or short-term contracts. As a gig worker, your contract services may range from a small task to a highly specialized service. If you are connecting with clients through online platforms or applications (apps) such as Clickworker, Crowdsource, or Fiverr to provide them with your services, you are typically considered to be self-employed instead of an employee. Your work may be carried out anywhere, as online platforms can connect businesses and independent contractors from all over the world.

What You Need To Know About Investment Properties and Taxes

Your Bottom Line | Apr 18, 2022

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We are joined by Senior Accountant Mike Libbey from Your Bottom line to learn all about depreciation, capital gains, airBNB, hold co's and other information that property investors need to be aware of when it comes to their taxes.

8 Simple Steps to Prepare for the 2021 Tax Season

Your Bottom Line | Mar 18, 2022

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Find out what's new for the 2021 tax season and your filing and payment due dates. Begin by gathering your documents to report income and claim deductions, and choose how you want to file and send your completed tax return to the CRA. You can find our 2021 Tax Checklist at the end of this email, free to download!

Choosing the Right Accountant for Your Business

Your Bottom Line | Feb 28, 2022

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The decision of hiring an accountant for your small business can be a nerve-racking one since you will be entrusting an outside expert with confidential financial information. We have provided three tips we think are most important when selecting the right provider for you.

COVID-19 Business & Benefit Cheat Sheet: UPDATED 02/04/2022!

Your Bottom Line | Feb 05, 2022

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Please note, this is simply a general overview on the major benefits and subsidies available to businesses. There are many more changes to come and many more benefits that exist because of COVID-19. We recommend you always consult with an accounting professional about your specific situation.

Stay tuned for more as we'll keep this post updated as best we can.

Talk soon and stay safe.

Article Written By Mike Libbey

Link to Original Articles:

https://www.canada.ca/…/reve…/campaigns/covid-19-update.html

https://www.canada.ca/…/departm…/economic-response-plan.html

Cryptocurrency FAQs - What You Need To Know About Tax Season

Your Bottom Line | Jan 14, 2022

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Cryptocurrency is a relatively new innovation that requires guidelines on taxation so that Canadians are aware of how to meet their tax obligations. There are many misconceptions about this subject, which is why we made a handy FAQ sheet to answer 8 frequently asked questions.

The Your Bottom Line Difference

Your Bottom Line | Dec 20, 2021

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What sets us apart from the rest of our competitors is that we take a very different view than most firms when it comes to the concept of ‘TEAM’. Our view is simple: the TEAM comprises of US and YOU, not just us. That’s why we work so hard to build a solid relationship with you as a client. It is this, which sets us apart from all other accounting firms. In fact, TEAM ETHOS is the key ingredient in forging a successful relationship with you.

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