by bbatax | Sep 28, 2025 | Accounting
Table of Contents Introduction — Why CRA Sends Review or Audit Letters Review Letter vs Audit Letter — What’s the Difference? First Steps to Take When You Receive a CRA Letter Documents the CRA Commonly Requests CRA Audit Triggers and Red Flags Car and Vehicle Expense...
by bbatax | Sep 20, 2025 | Accounting
Table of contents Introduction — quick answer and who this is for TL;DR: Who should use TurboTax and who should hire an accountant? What TurboTax (and other DIY tax software) can do — strengths & limitations What a professional tax accountant brings to the table...
by bbatax | Aug 14, 2025 | Accounting
Table of Contents Introduction: Why CRA Audits Matter for Small Businesses What is a CRA Tax Audit? How CRA Decides Who to Audit Common Red Flags That Trigger Audits Types of CRA Audits Small Businesses Face The CRA Audit Process Step-by-Step Top Tips to Avoid a CRA...
by bbatax | Aug 14, 2025 | Accounting
Table of Contents Introduction: The Rise of Remote Work in Canada Understanding CRA’s Rules for Home Office Expenses in 2025 The Temporary Flat Rate Method vs. Detailed Method What Qualifies as a Home Office in the Eyes of CRA Common Work-from-Home Tax Write-Offs What...
by bbatax | Jul 21, 2025 | Accounting
As a small business owner in Canada, one of the most important decisions you’ll make is how to pay yourself. Whether you’re operating as a sole proprietor, a partnership, or a corporation, understanding how compensation works not only impacts your personal...