As the tax filing year approaches, Vince Iannello shares tips for small businesses preparing to file.
While the upcoming tax filing season is a bit more straightforward than 2021 due to the ongoing nature of the pandemic response, it still brings special considerations for small businesses ready to maximize their tax filings and ensure all requirements are met.
Chartered accountant Vince Iannello says there are a few essential points small businesses and the work-from-home set can examine now to get a head start.
Vince Iannello notes the new tax filing deadline.
For 2021 tax filing in Canada, the traditional April 30 deadline falls on a weekend, necessitating an extension for filing until May 2, 2022, for standard returns, according to Vince Iannello. If you own a small business and are self-employed, you still have until June 15, 2022, to file self-employment returns, but your payment of any tax due … Read the rest