Understanding Business Taxes

Right now more than any time in history, more people are starting businesses, some are incorporating while others are not.

When running your own business it can sometimes be stressful remembering all the due dates and tax breaks.

In this session we will cover:

How to track your auto expenses

Some commonly missed deductions

The difference between paying yourself a salary vs a dividend

Difference between being a sole proprietor and incorporated

Potential penalties of filing late