Being self employed is hard but at the same time it’s very rewarding. Spending time hustling, creating motion, getting traction, and making connections is just plain fun. There’s many benefits to being self employed:
1. You’re your own boss
2. On average freelancers tend to earn more than traditionally paying jobs.
3. You know the value of money so you spend less.
4. You choose the customers and co-workers you want to work with.
That’s the fun side of things but it still comes with real responsibility. Being self employed or a sole proprietor also means all the performance and costs you’re responsible for. You need to be educated on avoiding late filing penalties, know things like unincorporated small business owners file personal tax returns on June 16th every year (not April 30th), need to be organized and keep track of all incoming cash, as well as tax deductions, payroll, CPP, and filing GST/HST etc.
You can definitely save some money by learning and doing all this yourself. But why not leverage the information and processes of an accounting firm to make it easier for yourself?
We’ve been servicing Mississauga small business and self employed entrepreneurs for over 20+ years and early in my Career I worked inside the CRA and know how to ethically and legally operate under the tax code and form an efficient tax strategy.
We can get all tax related matters handled for you so you don’t have to worry about it and can do the things you love to do running your business.
We really care about our reputation and all of that comes from serving our clients well. Like you, we care about who we work with, we rather build a long-term client relationship and do work that matters.
We’ll work to understand your business.
Document and understand your sales.
Assist/advise you whenever making tax related business decisions.
Preparing any and all income tax (whether corporate or personal tax returns).
Communicate on your behalf to CRA in case of an Audit.
Help with Payroll, tax preparation, bookkeeping, GST/HST filing.
If you have any questions you can leave a comment below or better yet give us a call.