Blog
Browse below to learn the latest news, trends, and tips regarding accounting and taxes.
The Difference Between Corporate and Personal Taxes: A Complete Guide
Navigating taxes can be challenging, especially when balancing both personal and corporate tax obligations. Understanding the distinctions between corporate and personal taxes is crucial for individuals and businesses alike, as each tax type has unique regulations,...
How to Successfully Handle Tax Returns as a Self-Employed Individual in Canada
As a self-employed professional in Canada, managing your tax return can feel complex and overwhelming, especially with the unique rules and deductions available only to self-employed individuals. With detailed guidance, however, you can approach tax season with...
Understanding HST/GST Filing for Canadian Businesses: Everything You Need to Know
Harmonized Sales Tax (HST) and Goods and Services Tax (GST) are key components of Canada’s tax system. For businesses across Ottawa and the rest of Canada, understanding HST/GST filing requirements is crucial for maintaining compliance and avoiding penalties. Whether...
Top 10 Tax Deductions for Small Businesses in Ottawa: Maximize Your Savings
Table of Contents Introduction Importance of Tax Deductions for Small Businesses Maximizing Your Tax Savings in Ottawa 1. Home Office Expenses What You Can Deduct How to Calculate the Deduction 2. Vehicle Expenses Deductible Expenses How to Track Vehicle Expenses 3....
How Much Does It Cost To Hire An Accountant for My Business?
Hiring an accountant for your business is a crucial investment in maintaining accurate financial records, ensuring compliance with tax regulations, and supporting the growth of your company. However, many business owners wonder how much it actually costs to hire an...
Everything You Need to Know About Expense Reimbursements as a Business Owner
Expense reimbursements are a crucial aspect of financial management for any business owner. They ensure that employees are fairly compensated for expenses incurred while conducting business activities. Proper handling of expense reimbursements not only helps maintain...
7 Ways A Corporate Tax Accountant Can Help My Business
Running a business involves managing a multitude of financial tasks, from day-to-day bookkeeping to navigating the complexities of corporate taxes. One of the most valuable assets a business can have is a knowledgeable corporate tax accountant. At BBA Tax, we...
Top 10 Ways An Accountant Will Help You Save Money
When it comes to managing your finances, both personally and for your business, the expertise of a professional accountant can be invaluable. At BBA Tax, our team of skilled accountants is dedicated to helping you navigate the complexities of financial management and...