Beat the Taxman!: Easy Ways to Save Tax in Your Small Business

Front Cover
Wiley, May 5, 2006 - Business & Economics - 256 pages
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"If you have always suspected the self-employed know something you do not, this is where the secrets have been hiding."
-- Jonathan Chevreau, The Financial Post

"[Beat the Taxman’s] easy-going style and avoidance of the more mind-numbing details make for a solid primer on the perks and pitfalls of self-employment. The...one-sentence tips in the appendix are probably worth the price of admission alone."
-- Gordon Powers, The Globe and Mail

"Beat the Taxman is a book for every Canadian in a small or home-based business who is struggling with complex tax rules and regulations."
-- Dale Ennis, Canadian MoneySaver

"…one of the better books I’ve seen on the market for small-business owners and better yet, it’s all Canadian content."
-- Linda A. Fox, The Toronto Sun

Beat the Taxman!

Easy Ways to Save Tax in Your Small Business

As a small-business owner or a home-based entrepreneur, you have lots of questions about taxes, but very few answers. In your constant battle to be successful, the Canada Customs and Revenue Agency can seem like one of your biggest adversaries. But with Beat the Taxman in your corner, you’re sure to come out a winner in the fight to save taxes in your business.

  • Packed with tax tips that will save you hundreds, or even thousands, of dollars year-round.
  • Written in a question-and-answer format that’s easy to understand, practical, and easy to apply.
  • Features 166 "Tax Beaters"--quick-reference tips that highlight key points.
  • Explains how to save taxes in every aspect and at every stage of your business.
  • Features a Year-Round Tax-Planning Calendar.
  • Includes new and updated information on: reasonable expectation of profit rules; maintaining electronic records; GST rules for customer discounts and late payment charges; non-taxable car allowances; as well as changes in the last federal budget, and to the tax rules throughout the year.

The ultimate "tax coach" for every Canadian in a small or home-based business, this book will help you to Beat the Taxman at his own game!

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Contents

Keep Accurate Recordsand Save
11
What Is the Accrual Accounting Method?
23
When Can I Choose a December YearEnd?
35
Copyright

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About the author (2006)

Stephen Thompson, CA, CFP, TEP, is a Partner with the accounting firm of Wilkinson & Company, LPP. He specializes in taxation of small and home-based businesses and has delivered many seminars to clients and public groups.

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