Alas! In E-Commerce Taxland

J. Stephen Pope

by J. Stephen Pope

In trying to comply with tax laws for your e-business, you may find yourself falling down the rabbit-hole, going through the looking glass, and attending a Mad Tea-Party.

Common sense, logic, and fairness never did apply fully to the field of taxation but this is especially true of e-commerce transactions.

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Reducing Taxes Through Dividend-Salary Mix Calculations

J. Stephen Pope

by J. Stephen Pope

Should I take wages or dividends from my privately owned corporation? What is the best way of taking money out of my company? In other words, what will result in the least amount of income taxes?

A Canadian accountant will perform a dividend-salary mix calculation to determine the best way of withdrawing money from the corporation.

Even though Canadian income tax laws are different from other jurisdictions, some of the same principles of tax planning will still apply.

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Income Tax Returns Your Accountant Should Not File

J. Stephen Pope

by J. Stephen Pope

You’ve been feeling uneasy (perhaps even guilty) because you’ve failed to report your under the table business income. Perhaps you’ve never filed a tax return, even though you know you owe money. Finally, you contact an accountant to resolve the situation.

Although it is commendable that you are trying to correct matters, hiring an accountant to do these delinquent returns could be a big mistake. The reason why is because tax evasion is a criminal offence or felony. You might also be subject to civil action.

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