HST Filing for Businesses

Many self-employed businesses and corporations are misunderstood about HST collecting and HST filing. Many questions come up like;

Our corporate accounting packages are customizable and include all of the essential business financial requirements such as;

  • Do I have to collect HST?
  • How much HST do I have to remit?
  • What happens if I spend all of my HST collected
  • When do I send in HST
  • And more…

In the early stages of business, HST to actually mean money back in your pocket, and that is because businesses are not required to pay HST on items used for business. Many businesses simply collect HST and remit 100% of what was collected, missing out on hundreds of dollars that could come back to you.

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How to Audit-Proof Your Cannabis Shop: The 3 Financial Areas the CRA Watches Like a Hawk

There it is. The envelope with the Canada Revenue Agency logo sitting in your mail. Your heart immediately starts hammering in your chest. An audit. That word is enough to stress out any business owner, but when you're in the Canadian cannabis industry, the pressure...
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Beyond Shipping: 7 Tax Deductions Canadian Online Sellers Often Miss

You did it. You took a passion project or a killer idea and spun it into a real-deal Canadian e-commerce store. Now you're juggling inventory, slaying at marketing, and practically a master of shipping labels. It's a lot, right? So when tax season hits, it's tempting...
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Job Costing 101: How Vancouver Island Trades Can Stop Guessing and Start Profiting

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Are Your Ferry Fares and Site Costs Sinking Your Profits? A Guide to Tax Deductions for Coastal BC Contractors

You're fantastic at what you do. Whether you're framing a dream home on a Gulf Island or overhauling a commercial space on the Sunshine Coast, you nail it every time. But what about the other side of the business? The paperwork, the numbers, and that nagging question:...
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How Much to Set Aside for Taxes in Your Business

One of the most common questions we hear from business owners is how much they should be setting aside for taxes. Many of our clients come to us feeling unsure, overwhelmed, or surprised by their tax bill because they were never taught how to plan for it throughout...
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Cash flow mistakes business owners make and how to avoid them

Cash flow is one of the biggest challenges business owners face, and most issues come from a handful of habits we see over and over again. The good news is that these mistakes are easy to fix once you understand what is causing them. Here are the most common cash flow...
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