Blog

Why File a Tax Return?

We have past the peak of the personal income tax season and many taxpayers have not file a return for the current year-- some have never filed. Along with the obligation to file a tax return set out by CRA, Individuals need to be aware of the many benefits in filing.

10 New Year's Resolutions to Boost Your Business

It's the New Year and we have found 10 easy things to implement that will definitely grow your business.

PST-GST Harmonization Summarized

If you have not heard yet, we have a proposed harmonization of the PST and GST on July 1, 2010. Currently in Ontario businesses prepare two separate returns, the federal GST (Goods and Services Tax) at a 5% component and the PST (Provincial Sales Tax) at an 8% component. These taxes with the used of transitional periods will be harmonized on July 1, 2010. This change will not be easy, it will take getting used to. For one, the general public will be paying more taxes on purchases and businesses will be overwhelmed with the changes in reporting. In summary it will be a huge tax grab.

How will it affect your Businesses? We have put together a general summary of how this new tax will affect most businesses.

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Williamson Accounting is a firm that provides a high standard of accounting for Small Businesses in the Greater Toronto and Surrounding areas.

Small Business Accounting and Tax Solutions

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